Cybersecurity company Advens has closed an investment from CAPZA Growth Tech, which values the business at €100m.
The agreement will see CAPZA, which sees it become a reference shareholder, will hold a minority stake in the company, alongside Advens founder Alexandre Fayeulle and management who hold the majority stake.
With the support of CAPZA, the company hopes to deepen its position in the market.
Advens claims 40% of the financial value of the company will be distributed in the coming years to an endowment fund. This will be used to support initiatives with societal impact, with a focus on promoting inclusion and education of younger generations.
Based in France, Advens has built a security-as-a-service model to help companies protect themselves online. Leveraging AI and human expertise, the platform ensures simplified online protections from various types of attacks.
The company boasts over 300 employees and €30m in net sales forecasts for 2021, which is up 30% from 2020.
Advens president and founder Alexandre Fayeulle said, “After ISAI in 2016, we are very happy to welcome to our capital a partner who also strongly espouses our entrepreneurial and societal DNA.
“This operation anchors our business plan a little more and gives concrete expression to the meaning we want to give to our performance. Every day, Advens teams work to protect their customers and contribute to the progress of society. Together and ahead with CAPZA!.”
Copyright © 2021 FinTech Global
