Danish cybersecurity startup LogPoint has reportedly collected $30m for its Series B, which will support the company’s next growth phase.
Digital + Partners acted as the lead investors, with previous LogPoint backers Evolution Equity Partners and Dico, according to a report from Nordic9.
Funds from the round will be used to help the company enter new markets and further the development of its platform.
The startup empowers organisations to convert their data into actionable insights to be used for cybersecurity, compliance, IT operations and business analytics. Its machine learning-driven and automation capabilities to provide holistic cybersecurity services backed by real-time insights for vulnerability management and reporting.
LogPoint’s previous fundraise was a $10m round back in 2017, which also came from Evolution Equity Partners.
Between 2015 and 2019 a total of $3.3bn has been invested into the Nordic FinTech space, FinTech Global’s data shows. Sweden has been responsible for the largest share of this, accounting for 78%.
Denmark is the second largest country in the Nordics in terms of investment volume, representing 13% of the total capital in the region.
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