ZenMate, a Berlin, Germany-based consumer security and privacy suite, raised $3.2m in Series A funding.
Backers included Holtzbrinck Ventures, current investor and company builder Project A Ventures, and new investors Shortcut Ventures and T-Venture.
The company intends to use the funds to scale and grow its product line.
Founder and CEO Simon Specka, ZenMate provides a a Virtual Private Network (VPN)-style browser privacy service that encrypts browser traffic, hides real location, unblocks geo-restrictions, provides Wifi and hacker security and protects user privacy. Launched in July 2013 as a browser extension for Google Chrome, the product is now available for Google Chrome, Firefox, Opera, iOS and Android. It currently has over 5m users across 180 countries.
The company, which won the Europas Award for Best Security/Privacy Startup of 2014, competes with Hotspot Shield, TunnelBear and CyberGhost.
FinSMEs
01/10/2014