Encrypted cloud storage and collaboration company Tresorit secures €11.5M Series B [TechCrunch Blog]
LOGMEIN (LOGM)
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Source: TechCrunch Blog
Tresorit , the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early investor in LogMeIn and co-founder of Scala Business Solutions, and Márton Anka, founder of LogMeIn. I also understand the round included some secondary funding, meaning not all of the cash has entered Tresorit’s balance sheet. Operating in the enterprise cloud storage and collaboration market, Tresorit provides what it describes as zero-knowledge encryption technology and unique encryption key management. The high level pitch is that the company is able to offer on-premise equivalent security for businesses while offering the type of simple user experience we have come to expect in consume
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