The top 7 VC investors in European and Israeli cybersecurity
June 29, 2017
Weeks after the 'WannaCry' ransomware attack, companies across the world have once again been hit by another major cybersecurity threat. The virus, known as 'Petya', has affected businesses including Danish shipping giant AP Moller-Maersk, Russian oil major Rosneft and law firm DLA Piper.
The security breaches have brought the impact of malicious software attacks into sharp focus, most notably how their effect isn't limited to just patching and extortion costs. A report by Lloyd's of London this month suggests long-term implications such as litigation liabilities, share-price falls and regulatory penalties can turn a short-lived problem into an everlasting headache.
With this in mind, it's no wonder that the venture capital industry has become increasingly focused on backing companies providing solutions to prevent these crimes. Last year saw VC investor activity in cybersecurity across Europe and Israel increase by over 13% from 64 financings to 74, per the PitchBook Platform. The biggest deal so far in 2017 has been Wandera's $27.5 million Series C round in May, led by Sapphire Ventures. In total, 337 investors have been involved in at least one of the 302 cybersecurity deals across Europe and Israel since 2012.
Here are the seven most active VC investors in European and Israeli cybersecurity during that time (not including accelerator rounds):