🏆 Deal of the Week · CW 42/2023
Zygon raised USD 3 million in a Seed round; the post-money valuation was not disclosed. The round was co-led by Axeleo Capital and Kima Ventures. Proceeds are earmarked to expand Zygon's SaaS Security Posture Management platform to a broader enterprise audience.
Zygon — key deal facts
| Company | Zygon |
| Founded | 2017 |
| Headquarters | Paris, France |
| Amount raised | USD 3M |
| Valuation | Valuation Remains Undisclosed |
| Round | Seed |
| Investors | Axeleo Capital (https://www.axeleo.com/) Kima Ventures (https://www.kimaventures.com/) |
| Sectors | Cyber Security |
Who invested in Zygon?
The Seed round was backed by Axeleo Capital and Kima Ventures. The combination is notable: Axeleo Capital specialises in B2B tech and brings deep enterprise go-to-market expertise, while Kima Ventures is one of Europe's most active early-stage funds, adding breadth of network and rapid-deployment capital to the cap table.
What does Zygon do?
Zygon, founded in 2017 and headquartered in France, develops a SaaS Security Posture Management platform aimed at helping organisations discover, inventory, and secure their SaaS application stacks. Its core product automates app discovery, user offboarding, access reviews, and authentication upgrades, addressing the identity governance and access management challenges that arise as enterprise SaaS sprawl grows. The platform targets IT and security teams that need continuous visibility and control over who has access to which SaaS tools and under what conditions.
Zygon valuation & multiples
No existing multiples analysis was provided for this deal. As comparable transaction data becomes available, relevant EV/Sales and EV/EBITDA benchmarks for the Cyber Security sector will be incorporated here. For current sector-level valuation multiples, visit the Venionaire DealMatrix Cyber Security multiples pages.
Explore the benchmarks: Seed Cyber Security.
Frequently asked questions
How much did Zygon raise in its Seed?
Zygon raised USD 3 million in a Seed round, as announced in KW 42/2023.
What is Zygon's valuation?
Zygon's post-money valuation was not disclosed as part of this Seed round.
Who invested in Zygon?
The Seed round was backed by Axeleo Capital and Kima Ventures.
When was Zygon founded and where is it based?
Zygon was founded in 2017 and is headquartered in France.
Source: original announcement — read the full report.