Two years after its foundation and many successfully implemented projects, Build38 is ready for the next growth step.
The provider of mobile app security solutions has succeeded in closing its Pre-Series-A funding round with two new investors. This brings the number of Build38’s institutional backers to three. In addition to G+D Ventures, which originally joined as a seed investor, Caixa Capital Risc and eCAPITAL ENTREPRENEURIAL PARTNERS are now also part of the team and co-led the round. With the capital received, the expansion into further markets is to be driven forward and the multi-layer security framework is to be further developed with AI functions. In the first two years of its existence, Build38 has succeeded in concluding several long-term contracts worth several million euros from key industries like automotive, transit, e-identity, digital healthcare and financial services. Apps include digital car keys, mobile ticketing, SoftPOS and government-approved mobile IDs, which Build38 protects. To address even more markets and application scenarios in the future, the company has embarked on a search for funding partners.Click here for the detailed press release>>>
About Build38
Build38 is a global provider of mobile application protection solutions. The Trusted Application Kit (T.A.K.) provides next-generation protection for mobile apps, keeping them safe from known and unknown attacks at all times and enabling new digital business models. About eCAPITAL eCAPITAL is a venture capital firm that provides early to growth stage funding to technology companies in the fields of software & information technology, cybersecurity, industry 4.0, new materials and cleantech. Founded in 1999, eCAPITAL has a history of supporting entrepreneurs determined to build companies with lasting significance. Partnering with eCAPITAL means joining an international network of business leaders, entrepreneurs, technologists and potential partners. eCAPITAL is located in Germany, currently manages funds with over EUR 280 million under management and was lead investor of some very successful German exits like sonnen or Novaled. Contact Build38 GmbH Christoph Brecht VP Sales EMEA Atelierstraße 29 81671 München Tel.: +49 160 90326845 eMail: christoph.brecht (at) build38.com www.build38.comWinner IT Security Pitch 2019
The promising startup came into contact with Cube 5 in 2019 when it presented its business model to the jury at the IT Security Pitch and convinced them.
Click here to read the announcement from 2019>>>
