Belgian Cybersecurity Company Sweepatic Secures Follow-Up Investment of € 2.8 million

Naarden/Leuven, 20 October 2021 - Sweepatic, a cybersecurity attack surface management platform monitoring internet-facing assets to protect companies against cyberattacks, has secured 2.8 million euros from TIIN Capital’s Dutch Security Tech Fund, eCAPITAL (DE) and PMV (BE). 

 

Sweepatic‘s External Attack Surface management (EASM) Platform, enables organizations with an instant overview of their internet-facing assets and risks that they may be unaware of. Helping them this way, to be proactive and become cyber resilient against attacks. 

This new investment will be used to boost and strengthen Sweepatic’s European leader role in External Attack Surface Management. In 2021 the company obtained the Cybersecurity Made in Europe label, which recognizes European IT security companies for their reliable and trustworthy solutions and underpins Sweepatic’s European identity. This label is granted by the European Cyber Security Organisation, ECSO. 

 

The company’s customer base includes references like Lineas (Logistics), Ziekenhuis Netwerk Antwerpen (Healthcare), Reynaers Aluminium (Manufacturing), CFE (Contracting) and Sibelga (Utilities). 

 

 

“We are excited to partner with PMV and cybersecurity investors like TIIN Capital and eCAPITAL on this journey. We look forward to benefit from their experience and knowledge in our ambition to grow as an emerging technology vendor. With this new investment, Sweepatic will accelerate its go-to-market, strengthen its product innovation and build strong relationships with customers and partners”, stated Founder & CEO Stijn Vande Casteele. 

Roel Reijnen, Investment Manager at Dutch Security Techfund, says: “Cyber threats increasingly disrupt our world. It is therefore important for organizations to understand their own attack surface and be aware of their exposed assets and risks. We are convinced that Sweepatic can help enterprises, governments and service providers solving these challenges and we are enthusiastic to be part of the journey to strengthen their leading role in Europe.” 

Roald Borré, Group Manager Venture Capital at PMV says: ”Digital complexity has increased dramatically in many companies in recent years, while cyber protection has not followed suit to the same extent. Hence, we strongly believe in the potential of Sweepatic, the first player with an automated attack surface mapping, monitoring and management solution in Europe. It is precisely this automation and continuous monitoring that differentiates them from the competition and makes Sweepatic a unique player in the market.” 

Willi Mannheims, Managing Partner at eCAPITAL adds: “We are thrilled to be supporting Sweepatic as it continues to establish itself as a leader in its field of External Attack Surface Management and a champion for Europe’s expertise in cybersecurity.” 

 

 

Outside of Europe, at the RSA conference in the US, Sweepatic won two Global Infosec Awards for Most Innovative in Attack Surface Management and Publisher’s Choice in Digital Footprint Security. The company was also recognized by Gartner as an EASM emerging technology vendor. 

 

About Sweepatic 

Sweepatic is a European leader in External Attack Surface Management. Our cloud-based platform automates the continuous mapping, monitoring, and managing of all internet-connected assets and risks. Running 24/7, the Sweepatic Platform delivers attack surface observations via notifications and an easy-to-use dashboard. In this way, Sweepatic supports organizations in structuring and reducing their external attack surface – making them an unpopular target for bad actors. 

Sweepatic has its headquarters in Leuven, Belgium, and was founded in late 2016. To learn more about Sweepatic, visit www.sweepatic.com, follow Sweepatic on LinkedIn, or contact Stijn Vande Casteele via marketing@sweepatic.com

 

About TIIN Capital 

Early 2019, TIIN Capital, based in Naarden and founded in 1998, started with its sixth venture capital fund; Dutch Security TechFund. Dutch Security TechFund has a sector focused approach (Cybersecurity). It has the strategy to form strong partnerships with Security Delta (HSD) and the European Cyber Security Organization (ECSO) in order be close to developments in and growth of the competitive cybersecurity market in Europe. Next to angel investors' as LPs, regional investment company InnovationQuarter, the Municipality of The Hague, KPN Ventures, Investeringsfonds Groningen and Invest-NL are also involved as LP. For more information see: www.tiincapital.nl  or contact Roel Reijnen via reijnen@tiincapital.com

 

About eCAPITAL 

eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 280 million under management and was lead investor of some very successful German exits like sonnen, Novaled or Jedox. For more information see: www.ecapital.vc, or contact Bettina Schäfer via info@ecapital.vc

 

About PMV 

PMV is an investment company that shapes the economic future of Flanders by financing promising companies from the very start to growth and internationalization. With over EUR 1 billion in assets under management and led by experienced professionals, PMV offers tailor-made financial solutions for entrepreneurs with a solid business plan and a strong management team, including venture capital, loans and guarantees. For more information see: www.pmv.eu, or contact Frank Kindt via frank.kindt@pmv.eu

HSD Partners involved