Internet security and privacy company ZenGuard has launched a crowdfunding campaign for ZenMate, a VPN service provider.
ZenMate, which has already been backed by the world’s leading venture capitalists such as Bessemer Venture Partners, Holtzbrinck Ventures, Deutsche Telekom’s T-Venture, and Project A, is looking to raise £660,000 in capital. To date, the campaign has already pulled in over £40,000 from 100 investors according to Crowdcube. The company has a pre-money valuation of £25.5m.
ZenMate provides an array of multi-platform online security products and services that ensure the users’ anonymity and protection while connected to the internet. It provide ‘simple yet powerful solutions’ like ZenMate VPN, SafeSearch, and Web Firewall to help people around the globe gain access to a ‘free and unrestricted internet’.
In 2018, it has reached more than 40 million installs in over 160 countries. With a compound annual growth rate of 655% and a YoY sales growth of 29% in 2017, the company is aiming to transition into a fully comprehensive security provider by offering “privacy-as-a-service” in the near future.
By 2022, the VPN industry will reach the value of $35.73bn and more than $6trn will be spent worldwide on cybersecurity measures and damages by 2021 according to Statista and Cybersecurity Ventures
“With our VPN service we have already proven that we can fully cover one aspect of online security and privacy. We want to use this experience to give all of our users simple and efficient security solutions that they can use to protect themselves while connecting to the web” adds Jörn Stampehl, the new CTO of ZenMate.
Founded in 2013 in Berlin, ZenGuard provides a multi-platform security software that encrypts and secures user’s internet connection and protects their privacy while browsing. With ZenMate VPN flagship privacy service, ZenGuard prevents snoopers, hackers, governments, and ISPs from spying on user’s web browsing activities, downloads, credit card information, and more.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
