Vilnius-based unicorn Nord Security attracts $100M investment and nearly doubles valuation in one year to $3B

 

Vilnius-based Nord Security, a cyber security company founded by Eimantas Sabaliauskas and Tomas Okmanas, has attracted a new USD 100 million investment from the United States private equity firm Warburg Pincus and nearly doubled its value to USD 3 billion in just over a year.

Existing investors Novator Ventures and Burda Principal Investments also participated in this investment round. The investments will be used for the development of Nord Security and Surfshark products in various global markets and for potential strategic acquisitions that would allow to ensure an even wider range of cyber security services for private and business customers, according to the press release.

Last year, Nord Security, having joined forces with another Vilnius-based cyber security company, Surfshark, raised its first USD 100 million investment and became the second Unicorn of Lithuania. At that time, the company was valued at USD 1.6 billion. Until then, for more than a decade, growth was carried out using internal resources and without seeking external investments.

The company owns six cybersecurity products. It currently employs around 2,000 professionals in offices around the world.

Find more about it in Financial Times article: VPN maker Nord Security nets $100mn in funding led by Warburg Pincus | Financial Times (ft.com)