Capricorn Digital Growth Fund invests in Dutch cybersecurity scale-up EclecticIQ
Amsterdam, the Netherlands and Leuven, Belgium: 1 December 2020 – EclecticIQ, a global threat intelligence, hunting and response technology provider, has raised € 20 million in Series‑C financing, led by Ace Management, Europe’s leading cyber growth investor. Capricorn Digital Growth Fund joined this round together with Quest for Growth. Other contributors to the funding round include Invest-NL Capital, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN ventures. This brings the company’s total funding raised to €47 million over a four-year period, making it among the best funded global cybersecurity scale-ups based in Europe.
Katrin Geyskens will join the Board of Directors of EclecticIQ as a representative of Capricorn Partners, stating “As EclecticIQ is translating raw threat intelligence data into actionable insights for cyber analyst teams by leveraging smart AI technologies, the investment fits perfectly with our data-driven investment strategy. Furthermore the company is well positioned to benefit from market tailwinds behind recent trends like IoT, 5G and in general the shift to even more online and digitalized business accelerated by COVID-19. Together with the great EIQ team and the solid investor consortium, we see an opportunity to create a strong European Cyber Threat Intelligence player with global reach.”
More information on EclecticIQ’s website.