Hoxhunt Raises $40 Million in Series B

by Kay Aloha Villamor in June 1st, 2022

Hoxhunt, a Helsinki, Finland – based cybersecurity training platform provider, raised $40 million in Series B funding.

The round was led by New York-based Level Equity Management, along with participation by existing investor Icebreaker. vc

The company intends to use the funds for the development of its technology and accelerate growth in new markets, particularly North America.

Company: HTH Technolabs Private Limited

Raised: $40.0M

Round: Series B

Funding Month: May 2022

Lead Investors: New York-based Level Equity Management

Additional Investors: Icebreaker. vc

Company Website: https://www.hoxhunt.com/

Software Category:  Cybersecurity Training Platform

About the Company: Helsinki-based Hoxhunt is a People-First Cybersecurity Platform that protects organizations and their employees from the risk of cyberattacks. Adapting to each employee's skill level, Hoxhunt's gamified platform empowers individuals with the tools and confidence to recognize and respond to attacks. Hoxhunt enables security teams with real-time visibility into threats so they can react fast and limit their spread. Founded in Helsinki in 2016, Hoxhunt has expanded from four co-founders to 120-and-quickly-growing Hoxhunters globally. Hoxhunt has raised $43 million in total funding to date with its $3M Series A and $40M Series B.      

Source: https://www.prnewswire.co.uk/news-releases/hoxhunt-raises-40m-to-solve-the-hardest-part-of-cybersecurity-people-870513742.html



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