Lisbon-based Probely, a company that empowers security teams and developer teams to embrace Application Security Testing, announced on Tuesday, November 8, that it has raised €7.7M in a Series A round of funding.
The investment was led by TIIN Capital’s Dutch Security Techfund, Iberis Capital and Semapa Next. Current investors, including Bright Pixel Capital (formerly Sonae IM), Caixa Capital, Portugal Ventures, and EDP Ventures, also participated in this round.
Michael Lucassen, Managing Partner of TIIN Capital, says, “The mission of TIIN Capital is to keep Europe safe and resilient with security tech. Probely is a strong example of a European cybersecurity startup that is on its way to becoming a global market leader. We look forward to assisting Probely with their expansion across Europe and in the US.”
Probely says it will use the funds to strengthen its team with 40 more employees and continue its international expansion, particularly to the US.