Hannover Digital Investments is the corporate venture capital fund of HDI Group.
Portfolio
2
companies
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Vitesse
Vitesse provides integrated treasury and payment solutions for the insurance industry.
CybSafe
CybSafe builds cybersecurity software that manages human cyber risk using behavioral and data science.
Ulrich Wallin
MD
The Series C financing was led by KKR with participation from Hannover Digital Investments.
"The global insurance industry is a key strategic focus for KKR, and we see a real market opportunity for Vitesse to disrupt and add significant value to the industry. We are excited to partner with this proven management team to support Vitesse’s ambition of providing global insurers with unparalleled control, transparency, and efficiency for the holding and management of funds."
Evolution Equity Partners led the Series B funding to accelerate product development and international expansion.
"We invest in founders with disruptive cybersecurity offerings that are reimagining how businesses approach the increasing depth and breadth of cyber threats. CybSafe’s disruptive approach tackles a complex problem with a simple solution. They design their products with the user in mind, ensuring they are tackling the cause rather than simply treating the symptoms of cyber risk. CybSafe goes far beyond traditional compliance driven approaches to security awareness, and instead focuses on delivering a genuine reduction in human cyber risk."
The funding round was led by Prime Ventures with participation from Octopus Ventures and Hannover Digital Investments.
"We are thrilled to have our new investors on board. The Vitesse team have built an incredibly strong and highly regulated platform, supported by our own global payment network and treasury capability, and we have successfully shown the value of these assets to our fast-expanding customer base. We have strong ambitions to grow and to continue our success with a strong focus on the insurance market."
IQ Capital led the Series A investment, which will fund go-to-market expansion and research capabilities.
"We believe in people. And we passionately believe in the impact data and behavioural science can have on human cyber risk management. Our platform is for organisations who ultimately want to do more than rely just on e-learning and phishing simulations. It’s a platform that can grow with them through to when they are ready to measure security behaviour change."
