๐Ÿ’ฐ Security, Funded #38

The Security, Funded newsletter issue #38 - Cybersecurity funding and M&A news from the week of April 4th, 2022.

Mike P
Mike P

Table of Contents

Good morning,

Or rather a good afternoon from across the pond! This week's issue comes to you live and direct from the UK while on vacation where I plan to have a few proper pints. ๐Ÿป๐Ÿ‡ฌ๐Ÿ‡ง

For the first time since starting this newsletter, the number of acquired companies is greater than the number of funded companies this week. ๐Ÿ˜ณ

Let's dive in.

Funding by product category

๐Ÿ’ฐ Summary

  • 7 companies raised $188.4M across 7 unique product categories
  • 11 companies were acquired or had a merger event for $2.5B

๐Ÿงฉ By Product Category

  • $100.0M for Network Security
  • $60.0M for Endpoint Protection
  • $12.0M for API Security
  • $7.0M for Security Awareness
  • $6.0M for Security Analytics
  • $3.4M for Payment Security
  • An undisclosed amount for Cybersecurity Education & Training


Finding the next big thing in cybersecurity just got easier.

Better data creates better outcomes.

If you're using generic data sources to help you invest in cybersecurity, you're wasting money.
- Incomplete records
- Missing data
- No company verification
- Any company can say they do "cybersecurity"
- Descriptions that make no sense

Trends from Return on Security - Access curated cybersecurity funding, acquisition, investor, and product category trends to bring value to your customers and investments.

๐Ÿข By Company

  • Nord Security, a secure VPN platform (makers of the popular NordVPN), raised a $100.0M Venture Round from Novator and Burda Principal Investments.
  • Coronet, an endpoint protection and risk prioritization platform, raised a $60.0M Series C from Balderton Capital.
  • Corsha, an API security platform focusing on zero-trust machine-to-machine communications, raised a $12.0M Series A from Edge Ventures and TenEleven Ventures.
  • Nudge Security, a security awareness and training platform focused on human psychology, raised a $7.0M Seed from Ballistic Ventures.
  • SeeMetrics, a security analytics and reporting platform, raised a $6.0M Seed from 8VC.
  • Trustap, a payment security platform, raised a $3.4M Seed from Middlegame Ventures.
  • Malwation, a malware simulation platform for testing endpoint protection tools and threat hunting exercises, raised an undisclosed Seed.

๐Ÿค Mergers & Acquisitions

๐Ÿ” Secure The Job

If you're looking for new opportunities (actively or passively), I've got two ways to help:

  • Return on Security Job Board - Browse the jobs I curate each week and apply for what matches your interests.
  • Return on Security Talent Collective - Join the talent collective to get personally matched with high-growth, high-upside opportunities. This is invite-only, curated by me, and you can set your profile to be public or anonymous.

Companies and hiring managers - if youโ€™re looking to hire the best talent in Return on Security community, you can also sign-up here.

๐Ÿ“š Great Reads & Finds

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๐Ÿงช Labs

Seems legit, serious inquiries only plz