Published on January 24th, 2023 📆 | 6593 Views ⚑0
French Cybersecurity Startup Raises $32.6m for European Expansion
- French cybersecurity startup Egerie has raised $32.6 million in new funding.
- The startup, founded in 2016, wants to continue its European expansion and grow into new markets.
- We got an exclusive look at the 17-slide pitch deck used to secure the fresh capital.
French cybersecurity and insurance startup Egerie just raised $32.6 million in fresh funds
The company, which was founded in 2016, offers cybersecurity software to enterprises by building a "digital twin" of their information assets and processes. Egerie then uses the twin to formulate prospective risks or areas of concern for businesses.
Egerie claims to have 300 clients in 90 countries, including Orange and Accenture, with new data sets helping to provide numerous digital risk models for different sectors.
The startup's founders told Insider that the need for more effective cybersecurity was more important than ever in an increasingly complex digital world. In France alone, more than 600 cyberattack probes were opened by prosecutors in 2022, up from just 65 in 2019.
The new funding is split between existing investor Tikehau Capital, and new investors Open CNP, Banque des Territoires, and Tiin Capital, a Dutch fund specializing in cyber security. Most of the funding conversation took place in the second half of 2022 and will be used to help Egerie grow its presence in other European markets.
The company has around 90 employees currently and wants to double that number by the end of the year, Egerie's cofounder Pierre Oger told Insider. "We want to accelerate our international strategy and also put a lot of investment into tech and innovation," he added.
Check out Egerie's 17-slide pitch deck below: