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Announced

Completed

Seventure Partners led a $12m Series A round in Citalid.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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France

Acquisition

Digital Services

Completed

Private

Single Bidder

Friendly

Domestic

Venture Capital

Private Equity

cyber security

network security

Minority

Synopsis

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Seventure Partners, an investment company, led a $12m Series A round in Citalid, a cybersecurity solutions provider, with participation from Relyens, Albingia, Axeleo Capital and BNP Paribas Development. "We have a unique position in the market as a trusted third party between an insured and their insurer. We calibrate our solution according to the business aspect of the customer, their margin rate, their geographical deployment, and their competitive state to assess the frequency with which the company can be targeted by a cyberattack," "With the audit, we collect information on the company's existing cyber situation and automate the analysis based on risk scenarios according to the company's sectors," Maxime Cartan, Citalid Co-Founder and CEO.

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