Nord Safety Raises First Outdoors Capital at $1.6B Valuation

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Vilnius, Lithuania, April seventh, 2022 – Nord Safety, a worldwide chief in web privateness and safety options, at this time publicizes it has raised a $100M financing spherical led by Novator Ventures, with participation from Burda Principal Investments and Normal Catalyst to allow each shoppers and firms to safe on-line networks, data and accounts. Founders and angel buyers together with Ilkka Paananen (CEO, Supercell), Miki Kuusi (CEO, Wolt) and Matt Mullenweg (CEO, Automattic) additionally joined the spherical. The funding can be used to broaden Nord Safety’s product suite and enterprise footprint, whereas accelerating the expansion of client cybersecurity firm Surfshark, which Nord Safety joined forces with in early 2022.

Know-how evolves quickly – and for each alternative, there may be usually a brand new risk. Fast digitisation has accelerated the adoption of units and platforms that permit information to be shared extra extensively than ever, whereas growing society’s urge for food for on-line, interconnected applied sciences and networks. Customers and companies are actually uncovered to heightened cyber dangers because the enterprise safety perimeter blurs attributable to distant working, and web infrastructure is struggling to maintain tempo. It’s already estimated that cybercrime will price the worldwide economic system a staggering $10.5 trillion by 2025, and almost half of shoppers now count on to be hacked. It’s clear that to guard shoppers, companies and the broader digital economic system within the long-term, a extra holistic method to on-line safety is required.

Nord Safety’s mission is to construct a radically higher web and restore belief in digital networks, by securing client and enterprise accounts, networks and knowledge in opposition to superior cyberthreats. The corporate, which pioneered the mass-market client VPN class with NordVPN, goals to assist shoppers and companies improve their safety and privateness protections with a holistic suite of merchandise, which permit shoppers and companies to analyse, detect and include threats on the fringe of a community earlier than they penetrate delicate end-user units.

All of Nord Safety’s merchandise leverage its world success within the client market and incorporate best-in-class comfort, UX, adaptability and administration at a fraction of the associated fee and time of conventional options. Together with NordVPN, Nord Safety’s intuitive and purpose-built web safety and privateness product suite consists of NordPass (password supervisor), NordLocker (encrypted cloud storage), and NordLayer (community entry safety).

In February 2022, Nord Safety joined forces with Surfshark, probably the most widespread client cybersecurity corporations globally. This new funding will play a key function in accelerating Nord Safety and Surfshark’s shared imaginative and prescient of offering individuals with trendy privateness and safety options. Surfshark’s product suite features a client VPN, Antivirus, Alert (on-line information breach detector), Search (privateness search), and Incogni (information deletion device for on-line databases).

Nord Safety was based in Lithuania in 2012 by Tom Okman (co-CEO) and Eimantas Sabaliauskas (co-CEO) to create an web safety and privateness device that was simply accessible for everybody. Right now, Nord Safety’s suite of merchandise is trusted by tens of millions of client customers worldwide, in addition to by a variety of companies, together with the likes of Calendly, Adobe, Shutterstock and Vinted, for superior risk safety in opposition to advanced and evolving cyberthreats. Nord Safety, which operates in 20 nations globally, is continuous to broaden quickly with over 200 open positions and 50% YoY headcount progress.

The funding can be used to make key hires in any respect ranges and throughout each operate, including to Nord Safety’s 1700-person crew. Nord Safety will even use the brand new financing to speed up the growth of its product suite and geographical footprint by means of acquisitive progress and intensive R&D on new platform options.

Tom Okman, co-CEO and co-founder at Nord Safety, mentioned:

“Ten years in the past, we got down to create safety and privateness instruments which might assist create a safer and extra peaceable on-line future; at this time, tens of millions of individuals belief our merchandise each day to guard them. We’re worthwhile and have been bootstrapped till at this time, however in our buyers, we’ve got discovered companions who imagine in our mission as a lot as we do, which can permit us to develop sooner and double down on our aspiration to construct a radically higher web. We’re additionally humbled to play an element in serving to Lithuania, a fiercely entrepreneurial nation, enter into a brand new period of technological innovation.”

Birgir Már Ragnarsson, managing associate at Novator Ventures, who joins Nord Safety’s board, added:

“Trendy web safety requires a very new method to handle the secular progress of dangers from increasing information rules and ever-worsening cyberthreats. Tom and his crew are well-positioned to ship and usher within the new period of web safety with a robust and best-in-class suite of privateness and safety instruments, designed to guard data, accounts and networks. It’s uncommon to discover a firm that may already exhibit such a superb observe file, model credibility and unwavering give attention to serving clients, so we’re delighted to associate with Nord Safety to assist the crew as they execute their imaginative and prescient at scale.”

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About Nord Safety

Nord Safety is dwelling to superior safety options that share Nord values, together with the world’s most superior VPN service NordVPN, the next-generation password supervisor NordPass, encrypted cloud storage NordLocker, the superior community entry safety answer NordLayer and client cybersecurity firm Surfshark. Established in 2012, Nord Safety now has greater than 1700 workers and serves tens of millions of customers worldwide. Extra data: nordsecurity.com

About Novator Ventures

Novator Ventures is a global progress fairness fund. It seeks to establish disruptive traits pushed by digitisation or technological innovation after which choose high-quality disruptor companies which can be driving these secular adjustments of their given industries. Novator Ventures presents founder and/or administration groups a possibility to capitalise on the again of an engaged, educated and supportive investor. Amongst others, Novator Ventures earlier investments embrace Zwift, Monzo, Tier and AppLovin.

About Burda Principal Investments

Burda Principal Investments (BPI) offers long run progress fairness for quick rising client digital and expertise corporations. BPI is a division of Hubert Burda Media which is one in every of Europe’s largest media and expertise conglomerates with a powerful funding observe file in internet-centric companies, since 1998. At BPI, we’ve got been companions of visionary entrepreneurs, leveraging Burda’s capital, manufacturers and sector experience, significantly within the areas of enterprise growth, internationalization and localization. BPI is invested in a portfolio of extremely profitable and quick rising digital and tech corporations in Europe, the U.S. and Asia together with Vinted, Bloom & Wild, Carsome, Moneybox, Zapp, Billease and plenty of extra.

About Normal Catalyst

Normal Catalyst is a enterprise capital agency that invests in highly effective, optimistic change that endures — for our entrepreneurs, our buyers, our individuals, and society. We assist founders with a long-term view who problem the established order, partnering with them from seed to progress stage and past to construct corporations that face up to the check of time. With workplaces in San Francisco, Palo Alto, New York Metropolis, London, and Boston, the agency has helped assist the expansion of companies similar to: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara, Snap, Stripe, and Warby Parker. For extra: www.generalcatalyst.com

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