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Czech Safetica Secures €3.8 Investment to Fuel Expansion in the US

Czech Safetica Secures €3.8 Investment to Fuel Expansion in the US, TheRecursive.com
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Czech-based Safetica announces a €3.84M ($4M) investment to expand to the US East Coast. The funding comes from entrepreneur Ondrej Tomek of Impulse Ventures, founder Jakub Mahdal, and investors Ondrej Smolar and Michael Poplar-Rostock.

👯 Founder(s): Jakub Mahdal

📅 Founding year: 2007

🏭 Industry: Software Security

💥 Problem: Protecting corporate data from loss

📣 Solution: Software for corporate data protection

👥 Customers: Doosan, DPD, McDonald’s

🌱 Stage: Series A

💰 Investment amount: €3.84M

🚀 Funded by: Ondřej Tomek (Impulse Capital), Jakub Mahdal, Ondrej Smolar, Michael Poplar-Rostock

💡 It will be spent on: Strengthening customer support, sales, and marketing teams in the US and Canada

💬 In their own words: “This is due to simpler administration around things like the employee stock option program (ESOP), greater transparency for global medium and large customers, and also to increase attractiveness for foreign investors.” – Mirek Křen, CEO of Safetica

💪 Their specialty: Corporate data protection software

🔑 Business model: SaaS (Software as a Service) for data security

👩‍🏫 Market: United States, Canada (global expansion focus)

📊 Traction: 25% year-on-year turnover growth

⚡Competitors: Symantec, Microsoft, Palo Alto Networks, Cisco

Read more:  Text-To-Video Solution Colossyan Secures $5M Series A to Elevate Content Creation With Generative AI
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