Jscrambler – a strong bet in early stage investments in cyber security
Jscrambler raises US$2.3 million in Seed Extension round led by Sonae IM
- Jscrambler raises US$2.3 million in a Seed Extension round led by Sonae IM with the co-investment of Portugal Ventures
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The Portuguese cybersecurity startup Jscrambler raises more than US$2.3 million in a Seed Extension round led by Sonae IM and co-invested by Portugal Ventures.
The investment allows the company to expand its business and develop its portfolio, and is an important step in Sonae IM’s internationalization strategy.
Sonae IM is focused on being a European leader in cybersecurity and has invested in the last few months in companies in the growing phase, such as Artic Wolf (USA) and Secucloud (Germany). It has also been investing in more Early Stage investments, between Pre-Seed and Series A, with the support and collaboration of Bright Pixel, Sonae’s company builder studio, which incubates the cybersecurity project Probe.ly. The investment in Continuum Security (Spain) and now more recently in Jscrambler are the two most recent examples of this strategic approach.
Jscrambler is present in more than 150 countries, with USA representing around 50% of its invoicing, with more than 30,000 companies and individuals relying on its product to protect their online assets, including Silicon Valley giants who operate in sectors such as streaming, e-commerce and video games, as well as companies that are part of the Fortune 500 ranking in the banking and healthcare sectors.