CG Results has advised Intigriti on securing more than €21M in Series B funding
- Service: Equity Fundraising
- Sector: Technology
- Sub Sector: Enterprise SaaS, Cyber Security
- Engagement Type: Fundraise
CG Results is delighted to announce that it has advised Intigriti, Europe’s leading bug bounty and vulnerability disclosure platform, on its €21,133,700 Series B fundraise. This round represents the largest funding for a crowdsourced security platform in Europe to date.
The round was led by Octopus Ventures, one of Europe’s largest and most active early-stage investors. Germany-based fund EnBW New Ventures is also participating in the round, alongside previous investors and Intigriti’s largest shareholder, ETF Partners.
Intigriti’s global cybersecurity platform connects organisations with ethical hackers to continuously test and improve their security through bug bounty programs and other crowdsourced techniques. Achieving 650% growth since its initial funding round in 2020, Intigriti has established itself as the European leader and fastest-growing crowdsourced security platform globally, and some of the biggest corporate organisations are transitioning their bug bounty to the EU-based platform.
The new investment will enable Intigriti to further accelerate its rapid detection, reporting and validation of vulnerabilities. Intigriti will also use the funds to grow its headcount to more than 200 employees worldwide in the UK, Europe, and Singapore as well as investing in tools and features to strengthen its position as the platform of choice for ethical hackers.
CG Results acted as exclusive financial adviser to Intigriti, cementing its position as the most active advisor for European cybersecurity with 13 deals in the sector to date.