Myra Security receives 8-digit investment

MYRA NEWS | 3 November 2020

German cybersecurity company Myra Security and Round2 Capital are expanding their existing partnership with an 8-digit investment. For Myra, it is the next logical step in its development since its foundation in 2012. “So far we have grown entirely on our own – the new funds will mean we can offer even more services and performance to our customers,” says CEO Sascha Schumann.

Among the Security-as-a-Service provider´s customers are heavyweights like ministries like the Federal Ministry of Health, the European Central Bank (ECB), Sparkasse Finanzportal and other financial institutions as well as global e-commerce players. With innovative security technologies and a corporate culture geared towards sustainable growth, Myra has developed into a hidden champion “Made in Germany”. The company has the most extensive range of stringent certifications in the industry. As such, it has become the benchmark for the protection of critical infrastructures and heavily regulated sectors such as government and financial services.

“Working with Round2 allows us to expand our services and locations so that we can continue to offer our growing customer base the excellent service we stand for,” says Sascha Schumann. Co-Founder Paul Kaffsack adds: “We are a quality provider through and through and have built an excellent reputation with this approach. We will use the investment capital to further strengthen awareness for our brand – do good and talk about it.”

Dr. Christian Czernich, CEO of Round2 Capital, is enthusiastic about the performance of Myra and the team behind it. “We see similar potential to that shown by companies like Celonis here. With Myra, Sascha Schumann and Paul Kaffsack have everything they need to achieve their ambitious goals – an excellent reputation, high-performance technology and an enormously passionate team. Cybersecurity from Germany at this level has what it takes to become a global game changer.”

Stefan Nagel, partner at Round2 Capital, adds: “The protection of data traffic and networks is becoming ever more crucial as digitalization accelerates and value-at-risk increases. The two founders have established Myra as a reliable partner in this market and their sustainable and value-oriented approach will continue to pay off well into the future.”

About Myra Security GmbH

German technology manufacturer Myra Security offers a secure, certified Security-as-a-Service platform for protecting digital business processes. The smart Myra technology monitors, analyzes and filters harmful Internet traffic before virtual attacks can cause any real damage.

About Round2 Capital

Round2 is a financing partner for European scale-ups with digital and sustainable business models. In the scale-up phase outstanding entrepreneurs manage to transform their business from a succeessful venture into a real company. Round2 offers the innovative funding instruments and insights needed to master this transformation process. Headquartered in Vienna, Round2 Capital has been the pioneer of revenue-based financing for scale-ups in Europe.

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