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.