Cloud Encryption Company Tresorit secures €11.5M

04.09.2018 12:56

Related tags


Tresorit is a Swiss-Hungarian cloud encryption company providing secure file sync & sharing service for businesses and individuals alike. More than 17.000 customers use its services globally, including leading enterprises both in Europe and North America. The company now aims to further accelerate its growth.

Tresorit, the Cloud Encryption and Collaboration company, which provides end-to-end encrypted file sync & sharing for businesses, announced today that it has closed an €11.5M Series B financing from a consortium led by 3TS Capital Partners, a leading European growth capital investor. 3TS has a long track record of investing in global software businesses originating from Europe. PortfoLion, a Central European venture capital and private equity fund management firm with flagship investments such as Codecool and Starschema contributed substantially to the funding. Several prominent existing investors, such as Andreas Kemi, early investor in LogMeIn and Co-founder of Scala Business Solutions and Márton Anka, Founder of LogMeIn, also participated in the round. Part of the funding was used for acquisition of existing shares. Tresorit is incorporated in Zurich. Andreas Kemi, President of the Board, lives in Switzerland.

Tresorit, a Global Challenger in the rapidly expanding enterprise file sync & sharing market, provides zero-knowledge encryption technology and unique encryption key management and guarantees on-premise equivalent security for businesses while offering consumer-grade simplicity. Tresorit already serves more than 17.000 customers and has grown its recurring revenue base on average by 3x every year in the last three years.

The company now aims to further accelerate its growth by building on the rising demand for secure cloud solutions that protect against data breaches, and will use the new round to broaden its management team, to scale up marketing and sales teams and to work together with new channel partners to further expand its global reach.

(Press release)

Please login or
register to comment

Please login or sign up to comment. Commenting guidelines

Please login or
register to use the
bookmark feature

Related News

Related tags

Read more about



The smartest heads for Switzerland



By continuing to use this website you agree with our TERMS AND CONDITIONS

In order to provide the best quality for you, our system uses "cookies", which are stored on your device. Cookies are necessary to identify what information (job advertisement, questionnaire, etc) you have already seen. IP address is used for the same purposes as described above.

When creating a profile, applying to the newsletter, job subscriptions and etc, you agree that the data, which you have entered, will be stored and processed in the system in order to provide services, which you have applied for.

We do NOT sell your personal data to any 3rd party services.

You must be 18 or older years old to use our services. If you are underage, you must have a permission to use our services from your parent or guardian. It is necessary in order to store and process your data.

By continuing to use our services, you agree with the these terms. You can withdraw your agreement at any time, by deleting cookies from your device and by sending request for deleting your data to the administrator.