ECSO Member 33N Cybersecurity and Infrastructure Software Fund has announced the first closing at €50 million to invest across the globe. The venture capital fund has secured a commitment of €50 million towards its target size of €150 million, adding to the €20 million investment committed by its strategic partners Alantra and Mutua Madrileña.
33N is a specialised cybersecurity and infrastructure software European venture capital and aims to invest globally in early growth-stage companies developing and commercialising emerging technology solutions. Supported by a global network of more than 30 leading entrepreneurs, experts, and decision makers, 33N has been tackling valuable cybersecurity challenges related to the European cybersecurity posture.
The 33N Ventures team, led by Carlos Alberto Silva and Carlos Moreira da Silva, have secured more than 20 investments in cybersecurity and infrastructure software over the past 10 years across the globe. This is the reason why 33N is well positioned to reach the €150 million target. As cybersecurity investments are of critical importance in the current geopolitical context, the next move for 33N is to globally expand their fundraising efforts, addressing investors looking for exposure in Europe.
With the first close successfully completed, here at ECSO we look forward to seeing 33N continue its mission of innovating cybersecurity and infrastructure software start-ups through investments.