Turn/River injects $40m into Netsparker

The fresh capital will enable Netsparker to invest in product development, marketing activities and geographic expansion.

Turn/River has a track record of investing in the web-security space, having previously backed California-headquartered Sucuri, which was sold to GoDaddy in March 2017.

As part of the deal, the Turn/River operating partner Chase Sorgel, vice-president of operations Alvin Ang and vice-president of investment Joanne Yuan will take a seat on the Netsparker board, according to publicly available documents.

Company
Founded in 2009, London-headquartered Netsparker develops web application security scanning software.

People
Turn/River Capital – Dominic Ang (founder, managing partner).
Netsparker – Ferruh Mavituna (CEO).

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