Lithuanian company Nord Security is one of the world’s largest virtual private network (VPN) providers. It helps users to ensure their safety on the internet. The company also provides other services like password management and file sharing.
Compared to other technology companies, whose value has decreased over the past year as venture capital markets have slowed, Nord Security is an outlier that increased its financing and value. Additional investment created stronger financial influence for the company and new opportunities to strengthen its market position, improve and expand its product offers, and acquire other companies.
"We will continue to address the needs of our users by bringing market-leading innovative features, informative marketing, and a holistic approach towards consumer and business cybersecurity needs. The new financing round and our investors' experience and know-how allow us to be in an even stronger position to make the Nord name synonymous with online privacy and security," shares Tom Okman, co-CEO and co-founder of Nord Security.