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Unquote
  • Expansion

Prime Ventures, Tempocap in $36m series-B for CybelAngel

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  • Mariia Bondarenko
  • Mariia Bondarenko
  • 13 February 2020
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Prime Ventures and Tempocap have co-led a $36m series-B funding round for CybelAngel, a Paris-based digital risk management company. The round brings its total funding to $52m.

Also participating were BPI France and Open CNP. The new investors include Datadog co-founder and CEO Olivier Pomel, co-founder and chief technology officer Alexis Le-Quoc, Tenable co-founder and CTO Renaud Deraison, Black Duck Software former CEO Lou Shipley and Neolane co-founder and former CEO Stephan Dietrich. 

In conjunction with the round, Prime Ventures partner Pieter Welten has joined the company's board of directors.

CybelAngel

  • DEAL:

    Expansion

  • VALUE:

    $36m

  • LOCATION:

    Paris

  • SECTOR:

    Software

  • FOUNDED:

    2013

  • STAFF:

    107

The fresh capital will be used to expand globally, enhance AI technology capabilities and build strategic partnerships.

Previous funding
In 2017, Serena Capital injected €3m in growth funding from its Serena Data Ventures fund into CybelAngel. Subsequently, the company raised $12m from BPI France and Serena in 2018.

Company
Founded in 2013 and headquartered in Paris, CybelAngel is a digital risk management platform that provides enterprises with actionable threat intelligence, enabling effective remediation and improved cybersecurity. It assists organisations to protect their intellectual property, brand and reputation. 

CybelAngel has 500 customers in Europe and North America, according to a statement. The company employs 107 people, according to Owler.

People
CybelAngel – Erwan Keraudy (CEO).
Prime Ventures – Pieter Welten (partner).

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