– HUNGARY, Debrecen – BitNinja announced that after a seed investment of €500,000 last year, the company raised $2.5 million Series A funding led by Lead Ventures alongside iEurope, and Oxo Technologies Holding also participating in the round. Investors from the previous round are Oktogon Ventures and the founders of Balabit also raised funds in Series A.
The company will use the fund to make the Internet a safer place by improving the existing ServerProtection SaaS tool and by developing new products.
The Series A round was led by Lead Ventures, they focus on companies which are in the scaling phase in the Eastern-European region.
“The investors were impressed by the well-built organization, the story behind them and, of course, the rapidly growing cybersecurity industry seems very attractive for investors,” said Balazs Haszonics, CFO of Lead Ventures.
BitNinja gives ultimate protection against WordPress, Joomla, and Drupal infections for hosted websites. They provide an easy-to-use all-in-one SaaS cybersecurity tool, which protects more than 20,000 servers worldwide and defends against 10+ million attacks daily.
BitNinja was founded in 2014 and became very profitable by the following year. In December 2015 they were one of the eight selected start-ups in Cyber London’s second accelerator program. They wanted to make the Internet a safer place, so they decided to speed up their growth with the help of investors. In November 2019 they raised €500,000 from cybersecurity veterans and cloud entrepreneurs. The Ninjas used the investment to develop their existing product, they doubled the number of the Ninjas and now their new product is just around the corner.
For more information: https://bitninja.io/
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