Vilnius-based Nord Security, a company known for its VPN services, announced on Thursday that it has raised $100M (approximately €95M) at a valuation of $3B in a funding round led by Warburg Pincus, a New York-based global growth investor.
Existing investors, including Novator Ventures and Burda Principal Investments, also participated in the round.
Nord Security says it will use the funds to expand its product offering and accelerate growth through strategic mergers and acquisitions.
Tom Okman, co-CEO and co-founder at Nord Security, says, “Our users’ trust allowed us to remain on a sustainable and profitable journey for more than decade. In a saturated cybersecurity market, it is not enough to offer next-gen privacy and security solutions. They also have to be intuitive for both professional and casual internet users.”