Project A Ventures backs ZenGuard in seed round

The fresh capital will be used to enhance ZenGuard's technology, develop new products and expand the team.

A consortium of business angels, such as David Khalil, Philipp Kreibohm and Robert Maier, also backed ZenGuard alongside Project A.

Project A recently received a €30m commitment from media company Axel Springer, with Springer becoming the second largest investor in the incubator.

ZenGuard is Project A's 12th portfolio company.

Company
ZenGuard's maiden product is browser add-on ZenMate. ZenMate offers to redirect internet activity via its own cloud-based solution, which then encrypts and accelerates internet activity.

The firm was founded in 2013 in Manchester, but has since moved to Berlin.

People
Simon Specka is co-founder and managing director of ZenGuard. Uwe Horstmann is CEO and co-founder of Project A.

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• Topics
• DACH
• Technology
• Early-stage
• Germany
• seed