Eye Security Raises $39 Million

Dutch cybersecurity startup Eye Security has raised $39 million in a funding round led by JPMorgan Chase’s growth equity investment arm, with participation from Bessemer Venture Partners and TIN Capital.

Founded in 2020, Eye Security provides enterprise-level cyber protection, incident response and cyber insurance to midsize businesses. Its insurance partners include Chubb, Hiscox, and Lloyd’s.

The startup operates in the Netherlands, Germany and Belgium and plans to enter additional European countries.

“There is a confluence of events around some of the regulatory changes and specifically the NIS2 Directive that puts a lot more accountability on companies. And so with that as a backdrop, we think it’s a really interesting time to invest in this space.” – Christopher Dawe, a managing partner at J.P. Morgan Growth Equity Partners.

“We’ve developed a scalable platform that not only strengthens a business’s defenses against cyber threats but also quickly delivers insurance coverage.” – Job Kuijpers, CEO of Eye Security.