33N Ventures leads investment in Exein and StrikeReady

Porto-based fund 33N Ventures has led investment rounds in cybersecurity startups Exein and StrikeReady with US$15 million and US$12 million respectively.

The investment from the VC led by Carlos Alberto Silva and Carlos Moreira da Silva, is part of a commitment to invest in promising companies in the cybersecurity areas.

33N, which partners with Spanish asset management company Alantra, was founded in 2022.

The European venture capital fund specialised in cybersecurity and infrastructure software has revealed that the Italian startup Exein, an Internet of Things cybersecurity company, netted €15 million in a series B financing round, which also involved investors Partech, United Ventures, eCapital and Future Industry Ventures.

US-based StrikeReady bagged a series A investment round of US$12 million. Led by 33N, the round also involved investment from Hitachi Ventures, Monta Vista Capital, as well as Brian NeSmith (Arctic Wolf) and Rod Beckstrom (ICANN/CISA).

At the start of the year, 33N announced that it had attracted €50 million, with contributions from Caixa Capital, Golden Wealth Management and several company founders to invest in cybersecurity and software companies.