Bayern Kapital is investing in Secfix for the first time. The Free State of Bavaria's venture and growth capital company is investing in the Munich-based startup through its ScaleUp Fund Bavaria. Startup Bayern Kapital has raised a total of €10.3 million (US$12 million) in its Series A funding round. In addition to Bayern Kapital, lead investor Alstin Capital and existing investor Neosfer, the early-stage investor of the Commerzbank Group, are also participating.
Secfix develops an AI-powered end-to-end platform for security and compliance. Founded in 2021, the company targets SMEs and mid-market companies in Europe. Regulatory complexity is increasing in many industries, while the time and costs associated with certifications are also growing. Smaller companies, in particular, often lack the resources to efficiently meet regulatory requirements.
The Secfix platform The startup supports companies in achieving certifications such as ISO 27001, NIS2, DORA, and GDPR. Specifically, it offers services including continuous monitoring, incident and access management, security questionnaires, gap analyses, policy reviews, cloud security scans, and comprehensive guidance. Currently, its customer base primarily consists of highly regulated sectors such as banking and finance, and the energy industry.
Capital for expansion and further development
With the new capital, Secfix intends to drive forward its European expansion and further develop its AI-based CISO-as-a-Service offering. Fabiola Munguia, CEO and co-founder of Secfix, explains:
“Our first step was to help companies obtain security and compliance certifications quickly and easily. Now we are going further and want to become a trusted security and compliance partner for these companies for everything that follows. Our goal is to become Europe’s leading provider of end-to-end security and compliance solutions – a partner that supports companies from their initial ISO 27001 certification and grows with them throughout their entire security and compliance journey.”
And Monika Steger, Managing Director of Bayern Kapital, comments:
“Secfix not only has a team with many years of experience and extensive expertise in security, compliance, and B2B, but also offers a scalable SaaS solution with compelling AI capabilities that is relevant to companies across numerous sectors. The Secfix platform can already be used productively today to simplify security and compliance processes and offers great potential for the future – just like Secfix does for us as an investment.”
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