Press Release

Nord Security Raises $100 Million, Reaches $1.6 Billion Valuation

April 8, 2022

London – April 8, 2022 – Cooley advised Nord Security, a leader in providing digital security and privacy solutions for individuals and businesses, on its $100 million funding round, which propels the company to a $1.6 billion valuation. Partner Ben Shribman led the Cooley team advising Nord Security.

The funding round was led by Novator Ventures, with participation from Burda Principal Investments and General Catalyst, as well as a number of prominent business angels and tech company founders. Nord Security plans to use the new capital to build out its consumer and enterprise business lines to capitalize on its recent growth.

“Ten years ago, we set out to create security and privacy tools which would help create a safer and more peaceful online future,” Tom Okman, co-founder and co-CEO of Nord Security, said. “We are profitable and have been bootstrapped until today, but in our investors, we have found partners who believe in our mission as much as we do. We’re on to build a radically better internet by securing consumer and enterprise accounts, and network information, against cyberthreats around the world.”

Founded in 2012 by Okman and co-CEO Eimantas Sabaliauskas and based in Lithuania, Nord Security is the home for advanced security solutions, including the world’s most advanced virtual private network service NordVPN, the next-generation password manager NordPass, the encrypted cloud storage NordLocker and the advanced network access security solution NordLayer. 

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