JP Morgan spearheads €36m funding round for Dutch tech start-up.

TLDR:

• Eye Security, a Dutch cybersecurity start-up, raised €36 million in a Series B funding round.
• The funding was led by JP Morgan Growth Equity Partners and will be used to expand across Europe.

Eye Security, a cybersecurity start-up based in the Netherlands, successfully raised €36 million in a Series B funding round led by JP Morgan Growth Equity Partners. This funding round also saw additional investments from Bessemer Venture Partners and TIN Capital, bringing Eye Security’s total raised funds to €57.5 million. The start-up, founded in 2020, focuses on providing cyber insurance, incident response, and managed detection and response solutions to mid-market businesses in the Netherlands, Germany, and Belgium. The company plans to utilize this new capital to deepen their presence in existing markets and expand into other European countries as well. Eye Security sees their solutions as uniquely positioned to meet the requirements of the EU’s NIS2 directive, which mandates businesses to enhance their incident response capabilities by a certain deadline. This significant funding round marks a milestone for Eye Security as they continue to grow and innovate in the cybersecurity space.