Berlin-based internet security solution provider Zenmate secures new funding from existing VCs and Bessemer Venture Partners
Berlin based internet security solution provider ZenMate has announced that it has secured another investment round. All existing shareholders including Holtzbrinck Ventures and Project A reinvested to further fuel the growth of the company.
Furthermore, Bessemer Venture Partners, a global Venture Capital (VC) headquartered in the United States, joins the round. With ZenMate being only their second investment within Germany, this proves the global importance and relevance of the company’s technology offering.
Simon Specka, founder and CEO of ZenMate, said: “Z enMate is proud to have the continued trust and support from all of its current shareholders and especially proud to be able to welcome Bessemer as one of its new partners. Bessemer, as one of the most renowned global venture firms, brings a wealth of experience and connections to ZenMate and will help elevate us to the next level on our journey to become the dominant global consumer security brand.“
Strong internal support by the existing shareholders saw the company close the funding round swiftly and further concentrate on its pipeline of products to be released in 2016. Furthermore, Bessemer Venture Partners discovered great potential in ZenMate and contributed to the round as well.
Bessemer Venture Partners is one of the longest standing VCs in the United States and is a global investor with offices in Silicon Valley, San Francisco, New York, Cambridge, Israel and India. The firm has backed leading startups including Skype, Pinterest, Linkedin, Shopify and Teamviewer and its track record includes more than 100 Initial Public Offerings (IPOs).
Alex Ferrara, Partner in Bessemer Venture Partners’ New York Office, said: “More than ever, consumers and small businesses are focused on securing their data and protecting their privacy online. ZenMate’s VPN products already help millions do so, and we are excited to partner with their talented team as they continue to deliver next-generation security and privacy solutions.”
Since its foundation, ZenMate has been growing fast, having broken the 25 million download mark and successfully having launched their premium offering across all platforms ahead of plan. The company already introduced seven distinct products, more to be released within this year, used by customers across 180 countries worldwide. Additionally to that, ZenMate closed an important key-partnership with DrayTek, one of the leading router manufacturers worldwide, and launched a successful B2B-programme. Already being market leader in Turkey, Pakistan and South Korea, ZenMate aims to invest with the fresh capital in company growth, product development and HR to become the leading consumer security provider worldwide.
Source: Project A Ventures