![]() ![]() “We are at an inflection point with our business as awareness regarding data protection and cybersecurity threats is getting stronger and demand is set to grow exponentially for our service in and outside of Europe. The company now aims to further accelerate its growth by building on the rising demand for secure cloud solutions that protect against data breaches, and will use the new round to broaden its management team, to scale up marketing and sales teams and to work together with new channel partners to further expand its global reach. ![]() Tresorit already serves more than 17.000 customers and has grown its recurring revenue base on average by 3x every year in the last three years. Tresorit, a Global Challenger in the rapidly expanding enterprise file sync & sharing market, provides zero-knowledge encryption technology and unique encryption key management and guarantees on-premise equivalent security for businesses while offering consumer-grade simplicity. ![]() Part of the funding was used for acquisition of existing shares. Several prominent existing investors, such as Andreas Kemi, early investor in LogMeIn and Co-founder of Scala Business Solutions and Márton Anka, Founder of LogMeIn, also participated in the round. ![]() PortfoLion, a Central European venture capital and private equity fund management firm with flagship investments such as Codecool and Starschema contributed substantially to the funding. 3TS has a long track record of investing in global software businesses originating from Europe, including Piano Inc., SALESmanago, 123FormBuilder, LogMeIn (NASDAQ: LOGM), SolveDirect (acquired by Cisco) and Avangate (acquired by Francisco Partners). Tresorit, the Cloud Encryption and Collaboration company, which provides end-to-end encrypted file sync & sharing for businesses, announced today that it has closed an €11.5M Series B financing from a consortium led by 3TS Capital Partners, a leading European growth capital investor. September 4, 2018, Zurich, Switzerland – Budapest, Hungary ![]()
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