![]() ![]() What’s notable here is that Vilnius, Lithuania-based Nord has been bootstrapped for the last 10 years (it was founded in 2012), a state that doesn’t seem to have held back its growth. This round values the startup at $1.6 billion. The company has raised $100 million in a round of funding led by Novator - the European firm that’s backed Deliveroo, Stripe and Tier, among others - with Burda Principal Investments and General Catalyst, and individuals including Ilkka Paananen of Supercell, Miki Kuusi of Wolt and Matt Mullenweg of Automattic also participating. Now Nord Security, the startup behind one of the bigger paid VPN providers, NordVPN, is announcing significant funding at a “unicorn” valuation to build out both its consumer and enterprise business lines to capitalize on that growth. VPN usage has surged in the last several years, with growing concerns over data privacy and security - and sometimes completely different motivations like people wanting to access content otherwise blocked in their regions - driving an estimated 30% of all internet consumers globally to use a VPN at some point this year.
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