EclecticIQ secures €5.5m in series-A round

The Amsterdam-based start-up will use the funding to expand into new geographies, and industry sectors. EclecticIQ currently commercialises its products in the UK, Benelux, Germany and the Nordic countries, as well as in Australia via a distributing partner. A source close to the deal at the company indicated the US would be the next big step in terms of market expansion for EclecticIQ, adding the US was "a year ahead" regarding research in the field. 

The €5.5m round includes €4m invested jointly by Inkef and KPN, complementing €1.5m previously invested as convertible notes by private issuers. 

This round brings the overall funding raised by EclecticIQ to around €6.5m. In 2014, EclecticIQ gathered €125,000 through seed funding and €830,000 via business angels.

Company
EclecticIQ is an applied cyber intelligence technology provider, supporting cyber-threat intelligence practices in large enterprises operating in sectors including financial services, governments and other organisations with critical infrastructure.

EclecticIQ is headquartered in Amsterdam and has further offices in London and Chisinau, Moldova.

It is a partner of the Security Incubator project of the Nato Communications and Information Agency (NCIA).

People
KPN Ventures – Herman Kienhuis (managing director).
Inkef Capital – Corné Jansen (director). 

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• Topics
• Expansion
• Benelux
• Technology
• Netherlands
• Venture