Startup NordVPN Raises $100 Million At $1.6 Billion Valuation

The startup behind NordVPN, Nord Securities has raised $100 million in a round of funding to build out both its consumer and enterprise business lines to capitalize on that growth. This round values the startup at $1.6 billion.

Nord Securities announced that the significant funding at a “unicorn” valuation was led by Novator (the European firm that’s backed Deliveroo, Stripe, and Tier, among others) with Burda Principal Investments and General Catalyst, and individuals including Ilkka Paananen of Supercell, Miki Kuusi of Wolt and Matt Mullenweg of Automattic also participating.

Nord has made the decision to raise funds to keep up with the pace of the times, while also continuing to stay on course with its mission, which might best be summarised as embracing the ideals of the open internet but to do so in a way that protects users from those that might exploit that with more malicious intent.

Tom Okman, the co-CEO and co-founder with Eimantas Sabaliauskas said: “We saw the changing landscape in digital privacy… and that the open internet was not working as intended. 

“Our mission is to build a radically different internet by securing consumer and enterprise accounts, and network information, against cyber threats around the world.”