We are pleased to announce that LogPoint, the Modern SIEM and UEBA company, has raised $30m in Series B funding in a round led by the Germany-based growth equity investor Digital+ Partners.
LogPoint headquartered in Copenhagen has consistently delivered double-digit ARR growth, as the company has grown from 30 to 200+ employees with offices in the United States, Germany, United Kingdom, France, and Sweden.
LogPoint’s Modern SIEM and UEBA solutions provide the analytics and automation tools that enable customers to securely build, manage and effectively transform their businesses. LogPoint supports cybersecurity, compliance, IT operations and business analytics.
LogPoint is a Visionary in the Gartner Magic Quadrant for SIEM. With its Modern SIEM and UEBA solution, the company addresses an annual market expected by Gartner Research to grow to $5,3bn in 2022.
LogPoint is the leading European SIEM provider, and the only EAL3+ certified SIEM solution in the global market. This certification allows LogPoint to serve customers in high-security sectors, including NATO, Defense forces, intelligence agencies, law-enforcement agencies, and infrastructure-critical industries.
The company today serves more than 1,000 customers globally with a significant customer base in Europe, whether it be government authorities, organizations, and private enterprises. The clients are served through a network of infrastructure and security specialist partners such as CGI, Orange Cyberdefense, NNIT, KMD, and Cygate.
Series B funding will enable LogPoint to enter the next phase of growth, fueling expansion in new markets and providing for continuous enhancement of the LogPoint SIEM and UEBA Solution.
“We are very pleased with the process run by Tofte & Company,” says LogPoint CEO Jesper Zerlang. “The successful Series B round provides us the capital needed to take LogPoint to the next level. Once again Tofte & Company has provided advise and deployed their unique skills to help us get the right deal.”
“It has been a pleasure working with Tofte & Company. Very professional people with strong deal-making skills” says Thomas Jetter, founding partner of Digital+ Partners.
“Jesper Zerlang and Søren Laustrup (founder of LogPoint) have built an amazing company with huge potential. Their product is truly innovative and taking such a strong position in the Magic Quadrant is a testimony to this and their fast-growing customer base,” says Thomas Tofte, Managing Partner of Tofte & Company.
LogPoint is committed to creating the best SIEM in the world. We enable organizations to convert data into actionable intelligence: supporting cybersecurity, compliance, IT operations, and business analytics. LogPoint’s Modern SIEM with UEBA provides advanced analytics and AI-driven automation capabilities that enable our customers to securely build-, manage, and transform their businesses. Our flat licensing model, based on nodes rather than data volume, drastically reduces the cost of deploying a SIEM solution on-premise, in the cloud or as an MSSP. LogPoint is easy to implement and offers unparalleled time-to-value. And don’t just take our word for it. 1.000+ customers agree, our service is consistently receiving a 96% customer satisfaction rating. For more information, visit www.logpoint.com.
About Digital + Partners:
Digital+ Partners is a growth equity investor focused on B2B technology companies. Our aim is to invest in companies with best-in-class technologies and help scale them into global digital leaders. Digital+ is active in Germany and internationally with a particular focus on companies in the Industrial Tech and FinTech verticals. We differentiate ourselves through our deep B2B domain expertise and a unique, global corporate network.
About Tofte & Company:
Tofte & Company is a highly specialized corporate finance advisory firm working exclusively with technology companies. Tofte & Company identifies, structures, and executes value-creating transactions for corporations and financial investors exclusively within the tech sector.
With a track record of more than 400 deals and many years as investors/buyers, Tofte & Company has built an extensive network of strategic buyers, private equity funds, and business angels. The partners in the firm have previous experience as both entrepreneurs, advisors, and investors within the tech industry and are therefore able to provide a 360° service based on a mix of strategic, operational, financial, and legal expertise.