Sosafe raises $73 million

The cyber security start-up has thus successfully completed its Series B financing round. The company recently tripled its workforce.

The start-up Sosafe has successfully completed its current financing round of 73 million US dollars. The round was led by Highland Europe, Acton Capital and Global Founders Capital (GFC). New investors include Carsten Thoma, who is also on the advisory board of Celonis, La Famiglia and Adjust founder Christian Henschel.

Founded in 2018, the start-up focuses on building security cultures. To this end, it simulates cyberattacks to raise employee awareness of the issue and teach them the correct behavior in such a situation. It was founded by Niklas Hellemann, Lukas Schaefer and Felix Schuerholz in Cologne. According to the start-up, it now has 1,500 customers worldwide and is a leader in the field of security awareness in Europe. According to the start-up, its customers include Aldi, Ceonomy AG, Taylor Wessing, Vattenfall and Valtech.

The start-up intends to use the capital it has now raised to expand its own presence and double its team to 500 employees. It has already tripled the number of employees to 250. Founder Niklas Hellemann says: "We will now further expand our international presence and strengthen our position as a leading platform for second-generation safety awareness and human risk management that is deeply rooted in behavioral science."

Commenting on the investment, Gajan Rajanathan, Partner at Highland Europe, said: "The company has quickly become one of the leading software scale-ups and has seen incredible momentum in a short space of time. We have no doubt that as Sosafe expands its product and market vision, it will join the ranks of the latest global market leaders."