Quest for Growth invests 2 million euro in EclecticIQ
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.
Quest for Growth invested €2 million in this round, as a co-investment with the Capricorn Digital Growth Fund. Katrin Geyskens will join the Board of Directors of EclecticIQ as a representative of Capricorn Partners.
Other contributors to the funding round include Invest-NL, Arches Capital and existing investors INKEF Capital, KEEN Venture Partners and KPN ventures. This round brings the company’s total funding raised to €47 million over a four-year period, making it among the best funded global cybersecurity scaleups based in Europe.
Funding will go towards deepening the company's commitment to government, large enterprises and service providers, expanding its portfolio and increasing the company’s global footprint. With this investment EclecticIQ will accelerate its strategy to transform from a leading threat intelligence platform vendor into an innovative cybersecurity leader across the globe.