Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team
No Result
View All Result
Silicon Canals
No Result
View All Result

Luxembourg startup Passbolt raises €460,000 to manage password for teams

Editorial team by Editorial team
January 21, 2019
in Cybersecurity, (Crowd)funding, News, Software & SaaS, Startups
0
4
SHARES
LinkedInTwitterWhatsAppFacebook

The Luxembourg-based startup Passbolt has bagged an investment round of €460,000 led by Expon Capital. The other investors joined in the funding drive include Belgium-based BeAngels and French angel network Yeast. Passbolt specialises in industrial password management.

Raised double than expected

Initially, Passbolt was aiming to accrue funding around €200,000 targeting angel investors but eventually managed to secure more than twice as investment funds also shown interest towards the promising startup.

Kevin Muller, co-founder and CEO of Passbolt shared, “We were initially looking for smaller funding. But when we started pitching the project, we realized that our product angle and growth metrics were attracting investors.”

Further, he added, “The realization that we are responding to a real, current problem by protecting sensitive data and that we have seen nearly viral growth are two assets that really tipped the scales in our favor.”

Earlier in September 2017, Passbolt had collected €210,000 in a funding round from private and public investors.

Passbolt – a password management solution

Passbolt is an open source PGP (Pretty Good Privacy)-based password manager that enables secure data sharing among team members of enterprises. By means of GnuPG, the platform validates users and verifies secret server side. The software can be customised by fabricating on top of its API.

Incubated at Technoport, Passbolt was founded by three young entrepreneurs including Cedric Alfonsi, Kevin Muller and Remy Bertot in 2017. Presently, the platform serves 30,000 users.

Aims a minimum 100,000 users in 2019

After the capital influx, Passbolt is looking forward to upgrading its software and widening its team. It is yearning a growth plan of attaining at least 100,000 users in the year 2019 itself. Further, the startup is going to launch Passbolt Cloud, a SaaS to facilitate users having limited infrastructure with password management.

Stay tuned to Silicon Canals for more updates in the tech startup world.

Did you know you can post your job for free on our job board? If you require extra promotion, reach out to [email protected] for a discounted offer

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Future Hamburg Award 2021
Future Hamburg Award 2021
Call for startups with innovative solutions for the future cities from all over the globe.
Call for startups with innovative solutions for the future cities from all over the globe. Show Less
Read more
Tags: cyber securityfundingluxembourgSaaSstartup
ShareTweet1SendShare2

Featured events

Current Month

april

No Events

Partner content | Work with us

Amsterdam-based Lumicks raises €77.6M to provide instruments to reveal unique molecular, cellular interactions

Calling all European deep-tech scaleups: EIT Digital Challenge 2021 registration is now open

Amsterdam-based SaaS startup SwipeGuide raises €5M for international expansion; aims to double its staff in 2021

Innovation against climate change: what Blue Tulip Awards’ experts on Climate & Energy are looking for

Blue Tulip Awards’ experts of Finance & Prosperity: why COVID, regulations and digitisation boost innovation

Silicon Canals Jobs


Breaking news from Amsterdam | Partner

Amsterdam’s test automation startup SEGRON raises funding; looks to increase workforce by 30% by 2021-end

After tripling its revenue in 2020, Amsterdam-based fashion e-commerce startup Otrium raises €102.3M

Amsterdam’s IoT spacetech startup Hiber raises €26M to expand the world’s first global IoT satellite network

Amsterdam-based MessageBird acquires 24sessions to add video to its omnichannel offering; also acquires Hull

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Jobs
  • Partner with us
  • About us
    • About
    • Contact
    • Newsletter
    • Team

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info