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Cybersecurity funding in 2011

European Cybersecurity startup funding raised during 2011.

In 2011, 30 European Cybersecurity companies closed 33 funding rounds and raised €167M in equity funding (excluding debt and grants). Debt rounds added €2.2M. Russia led by capital raised, and Octopus Ventures was the most active investor. Data as of 6 Nov 2026.

Equity funding
€167M
excl. debt & grants · +€2.2M debt
Funding rounds
33
Companies
30
Top country
Russia

Cybersecurity: last three years

change vs the year before
YearEquityChangeRoundsChangeDebt
2009€184M+308.6%23+0.0%€3.8M
2010€170M-7.2%28+21.7%—
2011€167M-2.1%33+17.9%€2.2M
Break down 2011 by period
Half-year
Rank among sectors
#7
4.5% of sector funding
Debt financing
€2.2M
1.3% of total
Top-10 round share
91.9%
of disclosed capital

Funding by month

€ raised vs rounds, by month
Cybersecurity — funding by month, 2011 — interactive chart.
Data table
FundingRounds
Jan€5.4M2
Feb€2.2M1
Mar€1.8M4
Apr€6.6M2
May€1.7M3
Aug€8.4M6
Sep€77M5
Oct€36M5
Nov€29M4
Dec€1.1M1

Top countries

by € raised
Cybersecurity — top countries by capital, 2011 — interactive chart.
Data table
Cybersecurity — top countries by capital, 2011
Russia€69M
France€27M
Switzerland€26M
Israel€24M
UK€17M
Sweden€2.1M
Italy€1.1M
Czech Republic€1.0M

Stage mix

by € raised
Cybersecurity — stage mix, 2011 — interactive chart.
Data table
Cybersecurity — stage mix, 2011
Growth/Late€94M
Series B€28M
Series D+€27M
Series A€7.8M
Seed€5.0M
Early VC€3.4M
Debt€2.2M
Other€1.6M
Grant€140k

Exits & M&A

1 Acquisition

1 exit.

Largest equity rounds

by disclosed amount, 2011
CompanyStageDateAmount
OzonGrowth/LateSep 2011€69M
ZenpriseSeries D+Oct 2011€27M
WISeKeyGrowth/LateNov 2011€25M
BillGuardSeries BOct 2011€7.4M
FireHostSeries BSep 2011€6.9M
MetaforicSeries BApr 2011€5.6M
GreenSQLSeries BAug 2011€4.1M
HexaTierSeries AAug 2011€4.1M
BriefCamSeries BJan 2011€3.9M
CertiVoxSeries ANov 2011€1.7M

Largest debt rounds

debt financing, 2011; not in the equity total
CompanyStageDateAmount
cVidyaDebtFeb 2011€2.2M

Top investors

most active in 2011, by deal count

Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology