🏆 Deal of the Week · CW 39/2023
Nord Security raised USD 100 million at a valuation of USD 3 billion in a funding round that closed in September 2023. The round was co-led by Warburg Pincus, Novator Ventures, and Burda Principal Investments. The investment marked one of the largest private cybersecurity deals of the year in the European market.
Nord Security — key deal facts
| Company | Nord Security |
| Founded | 2012 |
| Headquarters | Vilnius, Lithuania |
| Amount raised | USD 100m |
| Valuation | USD 3bn |
| Round | Series Unknown |
| Investors | Warburg Pincus (https://warburgpincus.com/) Novator Ventures (https://novator.co.uk/) Burda Principal Investments (https://www.burdaprincipalinvestments.com/) |
| Sectors | Cyber Security |
Who invested in Nord Security?
The round was backed by Warburg Pincus, Novator Ventures, and Burda Principal Investments. The investor mix is notable for combining a major New York-based global private equity firm with a London-based venture fund and a Munich-based strategic media and technology investor. This blend of institutional capital from multiple geographies signals broad conviction in Nord Security's cross-market growth trajectory.
What does Nord Security do?
Nord Security is a cybersecurity company founded in 2012 by Tomas Okmanas and Eimantas Sabaliauskas. The company is headquartered in Vilnius, Lithuania, and offers a suite of privacy and security products including NordVPN, NordPass, NordLocker, and NordLayer, as well as newer offerings such as threat exposure management platform NordStellar and identity protection service NordProtect. Originally bootstrapped, the company consolidated its product lines under the Nord Security umbrella in 2020 and has since grown into a recognised tech unicorn serving both individual consumers and enterprise customers globally.
Nord Security valuation & multiples
Explore the benchmarks: Cyber Security.
Frequently asked questions
How much did Nord Security raise in its Series Unknown?
Nord Security raised USD 100 million in a funding round closed in September 2023.
What is Nord Security's valuation?
Nord Security was valued at USD 3 billion at the time of the round.
Who invested in Nord Security?
The round was backed by Warburg Pincus, Novator Ventures, and Burda Principal Investments.
When was Nord Security founded and where is it based?
Nord Security was founded in 2012 and is headquartered in Vilnius, Lithuania.
Source: original announcement — read the full report.