HomeFundingZenGuard secures a seed investment from Project A Ventures

ZenGuard secures a seed investment from Project A Ventures

ZenGuard, a Berlin-based startup focusing on internet security, just secured a mid six-figure amount as seed investment from Project A Ventures. Furthermore, a round of renowned Business Angels, among them David Khalil, Philipp Kreibohm and Robert Maier, have announced their investment in ZenGuard for the current financing round.

The young company developed the browser plugin ZenMate that protects user’s privacy while surfing on the Internet. Installed by one click, it encrypts out- and incoming browser traffic. Watch the video below this article in order to learn more about how ZenMate works.

ZenGuard was founded earlier this year in Manchester. The startup participated in the first cycle of the Axel Springer Plug&Play Accelerator which supports founders in developing and implementing digital business models. By the way: Axel Springer recently invested € 30 million into the Berlin-based company builder Project A.

The Project A investment (a mid six-figure amount) will be used for the technical development and for the further growth of the ZenGuard team. Additionally to funding, Project A gets involved with operational expertise. Project A’s experts will give advices to ZenGuard team in all fields relevant for success, such as performance marketing and IT.

Simon Specka, co-founder and managing director of ZenGuard, stated: „We are very glad having won Project A as a partner. This seed financing will help us developing our technology and our business model. Besides financial support, we are convinced that we can also benefit from the know-how and the experiences of Project A’s experts. We are sure that together we can make ZenGuard even more successful”.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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