Nord Security
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Nord Security - overview
Established
2012
Location
Amsterdam, -, Netherlands
Primary Industry
IT Security/Cybersecurity
About
Based in Vilnius, Lithuania, and founded in 2012 by co-CEO Tom Okman, co-CEO Eimantas Sabaliauskas, and Jonas Karklys, Nordsec Ltd. , d. b. a.
Nord Security operates as an IT security company that provides digital and network security, as well as privacy solutions to people and enterprises. In September 2023, Nord Security raised USD 100 million in venture funding led by new investor Warburg Pincus, with participation from returning investors Burda Principal Investments and Novator. Individual investors also participated in the round. The venture funding values Nord Security at USD 3 billion post-money.
Nordsec provides NordVPN, a VPN (a virtual private network) to protect online traffic and privacy; NordLayer, a network access security solution to scale with business; NordPass, a password manager; NordLocker, an encryption tool for safely storing and sharing files; and NordWL, a definitive collection of tools for building own VPN products. The company’s products can be used in multiple operating systems, and applications, including Windows, Mac OS, Linux, Android, iOS/iPhone/iPad, Chromium, Firefox, and Edge. Nordsec generates revenue through subscription of its product packages, which include NordVPN for INR 909 per month, NordPass for INR 379 per month, NordLocker for INR 249 with 500 GB storage for a month, and NordLayer USD 11 per user per month. The company plans to use its proceeds from April 2022 funding to grow its product suite, expand its enterprise footprint, and research and development on new platform features.
Current Investors
General Catalyst Partners, Novator, Burda Principal Investments
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Analytics & Performance Software, Monitoring & Security Software
Website
www.nordsecurity.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Nord Security - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|
| Revenue (USD) | 202,881 | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - |
| EBITDA (USD) | 60,740 | - | - | - | - |
| Operating Income (USD) | 60,740 | - | - | - | - |
| Operating Margin | 29.9% | - | - | - | - |
| % EBITDA Margin | 29.9% | - | - | - | - |
| NET Income (USD) | 48,899 | - | - | - | - |
| % Net Margin | 24.1% | - | - | - | - |
Nord Security - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | Nord Security | - | ||||||||
| Unspecified Round | Completed | Nord Security | - |
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Nord Security - employee data
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