Tech Company Financing Transactions
Netsparker Funding Round
Netsparker, based in Austin, raised $40 million from Turn/River Capital and private investors.
Transaction Overview
Company Name
Announced On
3/9/2018
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors
Turn/River Capital (Lead Investor) (Dominic Ang)
Proceeds Purpose
The investment will accelerate Netsparker's enterprise product roadmap, grow sales and marketing initiatives, and expand its geographic footprint to meet accelerating enterprise demand for software to detect and manage critical web vulnerabilities.
Company Information
Company Status
Private & Independent
Industry
Security
Mailing Address
220 Industrial Blvd. 102
Austin, TX 78745
USA
Austin, TX 78745
USA
Phone
Undisclosed
Website
Email Address
Overview
It was frustration with false positives that, back in 2006, motivated penetration tester Ferruh Mavituna to find a better way to security scan the web applications he was testing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ferruh Mavituna
VP - Sales
Kevin Gallagher
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