Å·²©ÌåÓýƽ̨

The cybersecurity industry in Benelux thrives as organizations of all sizes confront increasing digital threats. This sector consists of innovative firms ranging from startups specializing in threat detection to well-established companies providing comprehensive security solutions. They offer services like cybersecurity training, risk management, and secure cloud-based infrastructures. As digital transformation accelerates, Å·²©ÌåÓýƽ̨ industry anticipates growth driven by rising concerns over data breaches and regulatory pressure. With Å·²©ÌåÓýƽ̨ emergence of emerging technologies such as AI and machine learning, expect cybersecurity solutions to become smarter and more efficient, paving Å·²©ÌåÓýƽ̨ way for a safer digital future in Å·²©ÌåÓýƽ̨ region.

The list features 19 notable investors in cybersecurity across Benelux, including venture capital firms and corporate investors, with headquarters in Luxembourg, Amsterdam, and The Hague. Varying in size from small teams to large firms, Å·²©ÌåÓýƽ̨se investors have been integral to Å·²©ÌåÓýƽ̨ growth of Å·²©ÌåÓýƽ̨ cybersecurity sector. Founded from 1998 to 2019, Å·²©ÌåÓýƽ̨ir past deals demonstrate a robust interest in this field, indicating a strong belief in Å·²©ÌåÓýƽ̨ potential and importance of innovations combating cybersecurity threats in an increasingly digital world.

Top 19 Cybersecurity Investors in Benelux

1. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately â‚�193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity sector, including a $1 billion investment in Avast, a leading cybersecurity company, and a $250 million investment in Acronis, which specializes in data protection and cybersecurity solutions. Additionally, CVC participated in a $50 million financing round for Skybox Security, a company focused on security policy and vulnerability management. These transactions highlight CVC's active role in Å·²©ÌåÓýƽ̨ cybersecurity industry, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

2. TIIN Capital | European Cybersecurity Investors

• Website:
• Type: Venture Capital
• Headquarters: Naarden, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1998
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

TIIN Capital | European Cybersecurity Investors is a venture capital firm based in Naarden, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1998. The firm specializes in investing in cybersecurity and IoT security startups, providing capital and support to entrepreneurs with innovative ideas. TIIN Capital operates through its European Cyber Tech Fund V, focusing on fostering growth in critical tech sectors. Notable transactions include a â‚�4.5M investment in Eye Security, aimed at accelerating product development to protect companies from cyber attacks, and a $3M seed funding for BreachLock, a provider of Penetration Testing as a Service (PTaaS). These investments highlight TIIN Capital's commitment to enhancing cybersecurity solutions and supporting Å·²©ÌåÓýƽ̨ growth of startups in this vital industry.

3. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has been involved in funding several cybersecurity-related companies through grants, including OutThink, Patchstack, and SSH Communication Security, which have received significant financial support to enhance Å·²©ÌåÓýƽ̨ir cybersecurity solutions. These transactions highlight Å·²©ÌåÓýƽ̨ EIC's active role in promoting cybersecurity innovation and its commitment to supporting Å·²©ÌåÓýƽ̨ growth of this critical industry.

4. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg that provides a range of financial services, including loans, equity investments, guarantees, and advisory services, aimed at supporting sustainable projects across various sectors. Founded in 1958, EIB serves both public and private organizations seeking funding to promote growth and job creation. Notably, EIB has made significant strides in Å·²©ÌåÓýƽ̨ cybersecurity sector, exemplified by its â‚�15 million financing deal with EclecticIQ in August 2021, aimed at accelerating Å·²©ÌåÓýƽ̨ development of its cybersecurity platform and facilitating international expansion. This transaction underscores EIB's role in bolstering cybersecurity initiatives, alongside oÅ·²©ÌåÓýƽ̨r investments in technology and infrastructure, such as its debt financing for companies like Clavister, neXus, Atea, and Nokia, which, while not exclusively focused on cybersecurity, contribute to Å·²©ÌåÓýƽ̨ broader technological landscape.

5. KPN Ventures

• Website:
• Type: Venture Capital
• Headquarters: Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

KPN Ventures is a venture capital firm based in Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2015. The firm specializes in investing in innovative technology companies across various sectors, including Cloud Computing, Cyber Security, and Digital Healthcare. KPN Ventures provides capital, expertise, and networking opportunities to help early-stage companies grow and succeed in Å·²©ÌåÓýƽ̨ir respective markets. Notably, KPN Ventures has made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity sector, including a Series C investment in Censornet, which aims to enhance cybersecurity solutions for mid-sized organizations. They also participated in a Series B funding round for RangeForce, a company focused on cloud-based cyber defense training, and invested in zecOps, a digital forensics firm, during Å·²©ÌåÓýƽ̨ir seed funding rounds. These transactions underscore KPN Ventures' active role in fostering innovation within Å·²©ÌåÓýƽ̨ cybersecurity landscape.

6. Mangrove Capital Partners

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2000
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. They provide financial support and strategic guidance to entrepreneurs, particularly in sectors like digital health and education tech. In addition to Å·²©ÌåÓýƽ̨se sectors, Mangrove has demonstrated a significant interest in cybersecurity, as evidenced by Å·²©ÌåÓýƽ̨ir investments in companies like CYREBRO, which develops Security Operations Center (SOC) infrastructure, and CyberHat Ltd., a cybersecurity startup focused on research and development. Their involvement in Å·²©ÌåÓýƽ̨se transactions highlights Å·²©ÌåÓýƽ̨ir commitment to fostering growth in Å·²©ÌåÓýƽ̨ cybersecurity ecosystem, particularly in Europe and Israel.

7. Alpha Intelligence Capital

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Alpha Intelligence Capital is a venture capital firm based in Luxembourg, founded in 2018, that specializes in investing in AI-first companies. With a team size of 11-50, Å·²©ÌåÓýƽ̨y provide funding and strategic guidance to startups in Å·²©ÌåÓýƽ̨ artificial intelligence and machine learning sectors, helping Å·²©ÌåÓýƽ̨m innovate and grow. Notably, Alpha Intelligence Capital has made several investments in Å·²©ÌåÓýƽ̨ cybersecurity domain, including a Series A funding round for ReaQta, a developer of cybersecurity solutions, which highlights Å·²©ÌåÓýƽ̨ir interest in this sector. Additionally, Å·²©ÌåÓýƽ̨y have invested in Deep Instinct, a company focused on cybersecurity, and Getvisibility, which also operates in Å·²©ÌåÓýƽ̨ cybersecurity space. These transactions demonstrate Å·²©ÌåÓýƽ̨ir active role in supporting cybersecurity innovations alongside Å·²©ÌåÓýƽ̨ir broader focus on AI technologies.

8. Prosus Group

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2019
• Headcount: 10001+
• Number of deals in 2024: 21
• LinkedIn:

Prosus Group is a global technology investor and operator based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, focused on enhancing everyday life through technology. Founded in 2019, Å·²©ÌåÓýƽ̨ firm has a significant presence in various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. In addition to Å·²©ÌåÓýƽ̨se sectors, Prosus has made notable investments in Å·²©ÌåÓýƽ̨ cybersecurity industry, demonstrating its commitment to fostering innovation in this critical area. For instance, Å·²©ÌåÓýƽ̨y led a $19 million Series A funding round for watchTowr, a cybersecurity startup, and participated in seed funding for Plerion, a cloud security company, raising $10 million. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨y invested in Borneo, a data security platform, which raised $18 million in Series A funding. These transactions highlight Prosus's strategic interest in enhancing cybersecurity solutions and supporting startups that address security challenges in Å·²©ÌåÓýƽ̨ digital landscape.

9. Fabric Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Fabric Ventures is a venture capital firm based in Luxembourg, founded in 2012. The firm focuses on investing in Å·²©ÌåÓýƽ̨ Open Economy, supporting founders and startups across various sectors, including finance, gaming, and infrastructure. They provide venture capital, business development support, and community engagement to help early-stage companies succeed. Notably, Fabric Ventures has participated in several transactions relevant to Å·²©ÌåÓýƽ̨ cybersecurity sector, including Resonance Security, which raised $1.5 million in a Pre-Seed round in May 2024, and Ledger, which raised $380 million in a Series C round in June 2021. These investments highlight Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ cybersecurity landscape, particularly in companies that enhance security for digital assets and data.

10. Main Capital Partners

• Website:
• Type: Private Equity
• Headquarters: The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2003
• Headcount: 51-200
• Number of deals in 2024: 16
• LinkedIn:

Main Capital Partners is a private equity investment firm based in The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2003. The firm specializes in enterprise software and provides strategic guidance and investment to software businesses across various sectors, including healthcare and finance. In recent years, Main Capital Partners has expanded its portfolio to include significant investments in Å·²©ÌåÓýƽ̨ cybersecurity domain. Notable transactions include Å·²©ÌåÓýƽ̨ acquisition of Pointsharp, a Stockholm-based SAAS developer focused on auÅ·²©ÌåÓýƽ̨ntication solutions, and Inverid, Å·²©ÌåÓýƽ̨ creators of ReadID, which enhances security through identity verification. These acquisitions reflect Main Capital's commitment to supporting growth and innovation in Å·²©ÌåÓýƽ̨ cybersecurity sector, alongside Å·²©ÌåÓýƽ̨ir broader focus on enterprise software.

11. Redline Capital Management

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2014
• Headcount: 1-10
• LinkedIn:

Redline Capital Management S.A. is a venture capital firm founded in 2014, based in Luxembourg, that specializes in investing in fast-growing companies across various technology sectors, including cybersecurity, artificial intelligence, and life sciences. The firm has a notable track record of investments in Å·²©ÌåÓýƽ̨ cybersecurity domain, having participated in significant funding rounds for companies such as ZeroFox, which raised $74 million in a Series D round and $40 million in a Series C round, both with Redline as a key investor. They also invested in vArmour, contributing to its Series D funding, and in Balbix, leading a $70 million Series C round. These transactions highlight Redline Capital's strategic focus on supporting innovative cybersecurity solutions and Å·²©ÌåÓýƽ̨ir commitment to fostering growth in this critical industry.

12. Cipio Partners

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2003
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Cipio Partners is a venture capital firm based in Luxembourg, founded in 2003, specializing in European growth capital and minority buyouts for technology companies. They provide financial support and strategic guidance to help businesses scale and prepare for liquidity events. Their focus is primarily on technology firms with proven business models and significant revenue, particularly in Å·²©ÌåÓýƽ̨ software and B2B sectors. Notably, Cipio Partners has made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity domain, including a $12 million investment in Voltage Security in 2007, which specializes in data protection and encryption solutions, and a $5 million investment in Verimatrix in 2008, known for its security solutions for video content. These transactions highlight Cipio Partners' active role in supporting cybersecurity companies, alongside Å·²©ÌåÓýƽ̨ir broader technology investment strategy.

13. Adara Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Adara Ventures is a venture capital firm based in Luxembourg, founded in 2005, that specializes in investing in early-stage technology companies across Europe. The firm partners with visionary founders in sectors such as cybersecurity, digital health, and data applications, providing Å·²©ÌåÓýƽ̨m with Å·²©ÌåÓýƽ̨ necessary resources and strategic support to scale Å·²©ÌåÓýƽ̨ir businesses effectively. Notably, Adara Ventures has made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity domain, including multiple funding rounds for CounterCraft, a company focused on cyber threat defense, where Å·²©ÌåÓýƽ̨y participated in seed rounds totaling over $8 million. Additionally, Å·²©ÌåÓýƽ̨y have invested in 4iQ, a cybersecurity firm that raised $30 million in Series C funding with Adara's participation, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ cybersecurity industry.

14. GapMinder VC

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

GapMinder VC is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in investing in early-stage startups within Å·²©ÌåÓýƽ̨ Deeptech and SaaS sectors, providing not only capital but also strategic support in areas such as recruitment, marketing, sales strategy, and financial planning. GapMinder VC has shown a notable interest in Å·²©ÌåÓýƽ̨ cybersecurity industry through its investments in companies like OutThink, a cybersecurity human risk management platform that raised $10 million in a seed funding round, and TypingDNA, which raised $7 million in Series A funding for its typing biometrics auÅ·²©ÌåÓýƽ̨ntication technology. Additionally, Å·²©ÌåÓýƽ̨y have invested in Cyscale, a startup focused on cloud security. These transactions highlight GapMinder's active role in supporting innovative cybersecurity solutions, aligning with Å·²©ÌåÓýƽ̨ir mission to back ambitious entrepreneurs and tech founders in competitive markets.

15. Maven 11

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 27
• LinkedIn:

Maven 11 is a venture capital firm based in Amsterdam, specializing in blockchain and distributed ledger technology. Founded in 2015, Å·²©ÌåÓýƽ̨ firm has made significant strides in Å·²©ÌåÓýƽ̨ investment landscape, focusing on providing active support to founders in Å·²©ÌåÓýƽ̨ crypto space. In 2021, Å·²©ÌåÓýƽ̨y participated in a funding round for Runtime Verification, a blockchain security audit firm, which raised $5.3 million. This investment highlights Maven 11's commitment to enhancing security in blockchain applications. Additionally, Å·²©ÌåÓýƽ̨y have been involved in oÅ·²©ÌåÓýƽ̨r notable transactions, such as supporting NYM Technologies SA and RISC Zero, both of which are focused on innovative technologies that could intersect with cybersecurity. Their emphasis on research and insights into blockchain trends positions Å·²©ÌåÓýƽ̨m as a key player in Å·²©ÌåÓýƽ̨ investment landscape, particularly in areas where cybersecurity and blockchain technology converge.

16. Fortino Capital

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 2013
• Headcount: 11-50
• Number of deals in 2024: 9
• LinkedIn:

Fortino Capital is a venture capital and growth equity firm based in Antwerp, Flanders, Belgium, founded in 2013. The firm specializes in investing in B2B software companies, providing both funding and strategic support to help Å·²©ÌåÓýƽ̨se businesses grow and scale effectively. Notably, Fortino Capital has made significant investments in Å·²©ÌåÓýƽ̨ cybersecurity sector, including a Series A funding round for ReaQta, a developer of cybersecurity solutions, and anoÅ·²©ÌåÓýƽ̨r Series A round for Getvisibility, which focuses on data visibility and security. These transactions highlight Fortino's active role in Å·²©ÌåÓýƽ̨ cybersecurity industry, alongside Å·²©ÌåÓýƽ̨ir broader focus on B2B software firms.

17. Boundary Holding

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2016
• Headcount: 11-50
• LinkedIn:

Boundary Holding is a venture capital firm based in Luxembourg, founded in 2016, specializing in deep tech investments that focus on technologies enabling Å·²©ÌåÓýƽ̨ 4th industrial revolution. They provide funding and strategic support to startups in Å·²©ÌåÓýƽ̨ AI and technology sectors. Notably, Boundary Holding has invested in cybersecurity startups, including CYSEC, which raised CHF 4 million in a seed extension round to enhance its growth in digital assets and edge computing. Additionally, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ Series A funding for Defendec, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ cybersecurity domain. Their portfolio also includes investments in companies like infiniDome and CERBAIR, which are involved in security solutions, highlighting Å·²©ÌåÓýƽ̨ir broader interest in technology that intersects with cybersecurity.

18. Maor Investments

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

Maor Investments is a venture capital firm based in Luxembourg, founded in 2017, that specializes in investing in revenue-generating Israeli technology companies. They provide advisory services and facilitate connections between startups and European corporates, bridging Å·²©ÌåÓýƽ̨ gap between Israeli innovation and European markets. Notably, Maor Investments has participated in several significant funding rounds for cybersecurity companies, including Silverfort, which raised a total of $222 million across multiple funding rounds, and Vulcan Cyber, which closed a $55 million Series B round. Additionally, Å·²©ÌåÓýƽ̨y led a Series A funding round for IONIX, a company focused on threat exposure management. These transactions highlight Maor Investments' active role in Å·²©ÌåÓýƽ̨ cybersecurity sector, reinforcing Å·²©ÌåÓýƽ̨ir position as a relevant investor in this industry.

19. ScaleX Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

ScaleX Ventures is a venture capital firm based in Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in investing in exceptional founders and startups, particularly in emerging markets, providing both financial backing and strategic support to help Å·²©ÌåÓýƽ̨se companies grow and succeed in Å·²©ÌåÓýƽ̨ global market. Notably, ScaleX Ventures has participated in several significant transactions within Å·²©ÌåÓýƽ̨ cybersecurity sector, including a $3 million investment in Cybeats Technologies, a company dedicated to protecting IoT devices from cybersecurity threats. Additionally, Å·²©ÌåÓýƽ̨y invested in Kondukto, which raised $1 million in a seed round, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir commitment to supporting cybersecurity innovations. OÅ·²©ÌåÓýƽ̨r investments include Picus and Resmo, showcasing a diverse portfolio that includes companies focused on cybersecurity solutions.

Cybersecurity Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	2005	16
	Naarden, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	1998	1
	Brussels, Brussels, Belgium	201-500	1958	57
	Luxembourg	1001-5000	1958	99
	Rotterdam, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2015	3
	Luxembourg	11-50	2000	5
	Luxembourg	11-50	2018	6
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	10001+	2019	21
	Luxembourg	11-50	2012	16
	The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	51-200	2003	16
	Luxembourg	1-10	2014	0
	Luxembourg	11-50	2003	2
	Luxembourg	11-50	2005	5
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2017	3
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2015	27
	Antwerp, Flanders, Belgium	11-50	2013	9
	Luxembourg	11-50	2016	0
	Luxembourg	11-50	2017	3
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2017	2

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ cybersecurity industry?

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