JP Morgan leads €36m Series B raise for Dutch start-up Eye Security
Eye Security, a cybersecurity start-up based in the Netherlands, has raised €36 million through a Series B funding round as it looks to expand its solutions across Europe.
Eye Security raises €36m in JP Morgan-led Series B
The round was led by JP Morgan Growth Equity Partners – the late-stage venture and growth equity investment arm of the US banking giant’s private capital unit – with additional backing from Bessemer Venture Partners and TIN Capital, which previously participated in Eye Security’s earlier fundraises.
Eye Security has now raised €57.5 million to date. Its latest round follows its €17 million Series A from two years ago.
Founded in 2020 and headquartered in The Hague, the start-up provides cyber insurance, incident response and managed extended detection and response (MXDR) solutions to mid-market businesses in the Netherlands, Germany and Belgium that operate across the European supply chain.
The start-up says it will leverage its latest capital injection to “deepen its presence in existing markets…while also expanding across select European countries”.
It goes on to describe its solutions as “uniquely positioned” to serve the EU’s incoming NIS2 directive which, set for final implementation by 17 October, requires businesses to bolster their incident response capacities.
