Berlin, October 1, 2014. Premier consumer security and privacy suite ZenMate today announced its Series-A funding round of a $3.2m led by influential German internet investors Holtzbrinck Ventures (Zalando, Wooga, Delivery Hero, Paymill, Hitfox Group).
Holtzbrinck is also joined by current investor and company builder Project A Ventures, while new investors Shortcut Ventures are and T-Venture, both of whom can offer potential strategic support to ZenMate’s growing mobile offerings, thanks to Limited Partners of ePlus and Deutsche Telekom respectively.
Founder and CEO Simon Specka says: “Over the past 18 months we have focused on making ZenMate the best of its kind, and watched it grow to be a product that millions around the world have come to trust. With our new investment we hope to scale and grow our product family, to become the number-one privacy solution of its kind.”
Barbod Namini, Principal at Holtzbrinck said: “We saw an incredibly talented team in ZenMate, with deep technical knowledge and a crystal-clear product vision. Their already global reach and strong growth puts them on the right path to becoming a household name in internet security.”
Launched in July 2013, ZenMate gives end users secure, encrypted access to any website, from anywhere, using a Virtual Private Network (VPN)-style connection. It won the Europas-Award for Best Security/Privacy Startup of 2014. Today it also announces that its registered users have grown to more than 5million in 180 countries in just over a year. Initially launched as a browser extension for Google Chrome, ZenMate announced versions for iOS and Android in August 2014. Today it also announced a new product for Firefox browsers, the first to the market for a worldwide VPN-like encryption service for Mozilla fans.
Jürgen Kohr, SVP Cybersecurity Division of T-Systems added, “I am impressed to see these data privacy technologies being developed in Germany. It’s important not only at a business level, but also for consumers. The Internet is a great place with many possibilities, and we are delighted to work with companies who are striving to make it a better place.”
Uwe Horstmann, co-founder and managing director of Project A Ventures, said: "We invested in ZenMate almost one year ago. We're thankful to have been part of what has been a fascinating journey so far. This new financing round enables ZenMate to accelerate even further, and we're glad to be able to contribute additional capital and further operational expertise."
Martin Ostermayer, Founder of Shortcut Ventures said, “Great technology, talented founders team and outstanding success for such a young company made ZenMate the perfect investment for Shortcut.”
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ZenMate is a free platform and device agnostic internet security solution that acts in a similar way to a VPN connection. It is now available for Google Chrome, Firefox, Opera, iOS and Android, with other products planned for the future. It is trusted by over 5m users worldwide, and won the Europas Award for Best Security/Privacy Startup of 2014.
ZenMate encrypts your browser traffic, hides your real location, unblocks geo-restrictions, provides Wifi and hacker security and protects user privacy. It has been featured on Gizmodo,VentureBeat, Forbes, New Scientist, and Dazed.