Nord Security, the cybersecurity startup behind popular consumer VPN service NordVPN, has joined the elite unicorn club after raising $100 million in a Series C funding round that values the company at $1.6 billion. The round was led by Novator Ventures with participation from Burda Principal Investments and General Catalyst. Supercell CEO Ilkka Paananen, Wolt CEO Miki Kuusi, and Automattic CEO Matt Mullenweg also participated as angel investors. Nord Security was founded in 2012 and has become one of the leading providers of VPN and online privacy services. The company’s goal is to protect consumers and businesses from internet threats and allow people to access content restricted in their regions. Nord Security’s flagship VPN product NordVPN has been installed by tens of millions of users globally, protecting their online privacy and security. In addition to NordVPN, Nord Security offers a suite of cybersecurity solutions like password manager NordPass, encrypted cloud storage NordLocker, and enterprise network security software NordLayer. The company currently employs over 1700 people across offices in the EU. The new funding will support expanding Nord Security’s enterprise solutions and fuel growth. As internet regulations expand and online threats escalate, Nord Security provides the cutting edge tools needed to keep users safe in the digital world. With the new unicorn funding and strong Nord brand recognition, the company is poised to define the future of cybersecurity.
NordVPN Helps Millions Access Restricted Content
NordVPN was an early mover in the consumer VPN market, recognizing that internet users wanted privacy and access to geographically restricted content. NordVPN allows users to mask their location, evade government censorship, and browse the open internet freely. NordVPN has built a reputation for reliable service, not logging user activity, and avoiding the security issues that have plagued some competitors. The company now boasts over 15 million users spanning individuals to major corporations like Adobe, Shutterstock and Calendly. NordVPN meets a clear demand for bypassing strict internet policies and government controls. It also appeals to users who simply want greater privacy when browsing online. The VPN industry has often fallen short in delivering on privacy promises, but Nord Security is setting a new standard for ethics and security in the space.
New Funding Fuels Expansion of Nord Security Suite
While NordVPN may be the most recognizable brand, Nord Security offers a comprehensive suite of digital security products. NordPass provides encrypted password management for securing logins. NordLocker gives users encrypted cloud storage for sensitive data. NordLayer delivers enterprise network access security for protecting company systems and data. Nord Security’s expansive product portfolio reflects its mission to provide complete protection for consumers and businesses online. The new $100 million in funding will support further enhancing these products and expanding Nord Security’s enterprise solutions. The company is actively hiring across product, engineering and go-to-market roles to scale globally. Nord Security provides a compelling vision for the future of digital security against a backdrop of proliferating cyber threats. The fresh capital injection validates Nord Security’s progress and potential in realizing this vision.
Leading Investors Bet on Nord Security’s Growth
Nord Security’s Series C funding round attracted leading investors who share the company’s vision for a safer internet. The round was led by Novator Ventures, a technology growth equity firm known for backing promising startups like Snapchat parent Snap. Nord Security’s growth and brand strength give investors confidence it can dominate the expanding cybersecurity market. Other notable investors include Burda Principal Investments, the growth capital arm of German media giant Hubert Burda Media, and General Catalyst, who previously invested in omnipresent chat app WhatsApp. The participation of major startup CEOs like Supercell founder Ilkka Paananen also signals faith in Nord Security’s trajectory. With top investors and seasoned operators now on board, Nord Security is poised to fulfill its ambition of defining the future of internet security.
Unicorn Status Affirms Nord Security’s Market Leading Position
By attaining unicorn status with a $1.6 billion valuation, Nord Security cements itself as a leader in consumer cybersecurity. Nord Security is the first VPN provider to reach unicorn status, underscoring its dominance in the space. Unicorn valuations are rare milestones, signifying a startup’s exceptional growth, disruptive potential, and promise. Out of over 1 million startups launched annually in the U.S. alone, only about 500 become unicorns. Nord Security’s expansion has been fueled by genuine demand for its services, not hype. Its unicorn status affirms that Nord Security is building meaningful, lasting solutions that benefit internet users worldwide. With its war chest of new capital and stamp of unicorn prestige, Nord Security has cleared its path to keep innovating on behalf of consumers seeking privacy and businesses managing digital risk.
The $100 million Series C funding round establishes Nord Security as a rising leader in protecting online privacy, with the potential to shape the future of cybersecurity. Nord Security’s popular NordVPN product allows millions of users to access restricted content and browse privately. The company provides a suite of security solutions spanning consumers to enterprises. Top investors are betting that Nord Security can capitalize on demand for online privacy as regulations and threats proliferate. Attaining unicorn status with a $1.6 billion valuation validates Nord Security’s market leading position in consumer cybersecurity. With strong momentum and resources, Nord Security is poised to fulfill its mission of building a safer internet.