Nord Security, The Startup Behind Nordvpn, Raises Its First-Ever Funding, $100M At A $1.6B Valuation
Nord Security, The Startup Behind Nordvpn, Raises Its First-Ever Funding, $100M At A $1.6B Valuation
04/06/22, 11:01 PM
Location
vilniusMoney raised
$100 million
Industry
media and entertainment
software
VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations like people wanting to access content otherwise blocked in their regions — driving an estimated 30% of all internet consumers globally to use a VPN at some point this year. Now Nord Security, the startup behind one of the bigger paid VPN providers, NordVPN, is announcing significant funding at a “unicorn” valuation to build out both its consumer and enterprise business lines to capitalize on that growth.
Company Info
Location
vilnius, vilnius county, lithuania
Additional Info
The company has raised $100 million in a round of funding led by Novator — the European firm that’s backed Deliveroo, Stripe, Tier, among others — with Burda Principal Investments and General Catalyst, and individuals including Ilkka Paananen of Supercell, Miki Kuusi of Wolt, and Matt Mullenweg of Automattic also participating. Asked about these events and what the impact has been on Nord, Okman says that the company has been changing over the years to address the different points, and to do better. Internal security teams were increased and the company now goes through regular audits, in partnership with U.S. firm Versprite.