EQT Ventures leads $6.2m series-A for Baffin Bay Networks
EQT Ventures has led a $6.2m series-A funding round for Stockholm-based cybersecurity startup Baffin Bay Networks.
Baffin Bay will use the capital from the funding round to fuel its international expansion, as well as invest in R&D and global sales growth.
Company
Founded in 2017 and headquartered in Stockholm, Baffin Bay offers a cloud-based threat protection platform to help companies and service providers protect their assets and services. Customers include Tieto, Bonnier News, Netnod, IRS and Elastx.
People
EQT Ventures – Ted Persson (partner).
Baffin Bay Networks – Joakim Sundberg (CEO).
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