33N Ventures wants to raise €150M to invest in cybersecurity and software
With €20 million already secured, the company wants to raise a total of €150 million from other investors.
33N Ventures is a new venture capital company focusing on startups in the sectors of cybersecurity and infrastructure systems in Europe, Israel and the United States. With €20 million already secured, the company wants to raise a total of €150 million from other investors. Once it reaches that level, it intends to place €10 million in Series A and B investment rounds.
33N Ventures was founded by Carlos Alberto Silva and Carlos Moreira da Silva, former directors of Sonaecom. In the last decade, the two partners have made over 20 investments and handled the growth of cybersecurity companies S21sec and Excellium, sold to Thales.
“We have been ready to invest since day one and are already actively exploring various growth opportunities. We are looking for scalable high-growth businesses with global potential, proven technology and that already have revenues,” points out Carlos Moreira da Silva, one of the founding partners.
“With digital transformation a priority for governments, institutions, businesses and investors from all around the world, the opportunity in this area is huge. The cybersecurity market alone is expected to be worth more than $160 billion by 2022 (€164.9 billion), and double-digit annual growth is predicted in the coming years, given the increase in investment opportunities,” adds Carlos Alberto Silva, the other founding partner.
