CyberVadis, provider of a Third Party Cyber Risk Management platform embedding the most reliable cybersecurity ratings, has raised €7M in Series-A funding led by Zobito AB.
“This investment is a validation of the need for reliable evidence-based assessments, to scale Third Party Cyber Risk Management programs and truly secure organizations’ global supply chain,” said Edouard Lacarrière CyberVadis CEO. “We expect this investment to enable us to hire top talents and expand our teams in particular to service new clients beyond our traditional markets, to accelerate innovation and continue to enhance our platform and deliver even greater value to our customers.”
Today Cybervadis has reliably assessed cybersecurity and data privacy maturity of thousands of third parties located in 96 countries using its evidence-based approach.
“We are thrilled to be investing in CyberVadis, a company that is revolutionizing the way organizations approach third-party cybersecurity risk assessment,” said Uli Beckmann, Zobito AB partner. “Their platform is a game-changer, and we are excited to be a part of their journey.”
Uli Beckman will join CyberVadis board alongside EcoVadis Co-founders and representatives of Private Equity and Growth funds including CVC and Partech.
CyberVadis CEO, Edouard Lacarrière, added: “We are thrilled to have Zobito AB on board as an investor and partner. Their expertise in technology and their commitment to innovation make them the perfect fit for Cybervadis as we enter our next phase of growth. With their support we are confident that we can deliver even greater value to our customers”.
About Cybervadis
CyberVadis provides enterprises with a cost-effective and scalable solution for third-party cybersecurity risk assessments. For a fixed annual fee we perform an unlimited number of evidence-based assessments via the CyberVadis platform. Our intuitive and user-friendly platform is built on a methodology that maps to all major international compliance standards, including NIST, ISO 27001, GDPR, and many other privacy and security laws. The CyberVadis solution combines the speed of automation with the accuracy and effectiveness of our team of experts.
We directly engage vendors from all over the world with assessments and validate results with an in-house team of security analysts. CyberVadis provides companies a standardized cybersecurity rating that they can share with others, along with a detailed improvement plan for increasing their score and the ability to collaborate with clients on implementing better practices. For more information, please visit www.cybervadis.com.
About Zobito
Zobito is a Co-investment Growth Fund based in Malmo, Sweden, founded in 2012. It offers growth capital and operational management support to help companies with high international growth ambitions, primarily in the enterprise software industry. Zobito collaborates with portfolio companies and lead investors to drive growth, productivity, profitability, and longevity in all areas of the business.
Press Inquiries
Cybervadis: Ekaterina Grekhova, egrekhova@cybervadis.com
Zobito: Markus Roithmeier, markus.roithmeier@zobito.com