Insurtech Eye Security secures € 17M from Bessemer Venture Partners

Eye Security, a European-based scale-up offering top-notch cyber security and rapid insurance to businesses across Europe, has raised €17 million in a new financing round led by prominent global venture capital firm Bessemer Venture Partners.

Founded by former intelligence officers Job Kuijpers, Vincent van de Ven and Piet Kerkhofs only 2,5 years ago, Eye Security already has multiple offices across Europe and over 70 employees. This is the second investment round, following a successful investment by TIIN Capital earlier this year. This brings the total funding in 2022 to € 21,5 million.

Job Kuijpers, CEO Eye Security: “Companies, local governments, hospitals, they all clearly need better cyber security, faster insurance quoting and better service. At Eye Security we deliver state-of-the-art cybersecurity combined with cyber insurance without hassle. The growth that we have been able to achieve since inception is testament to the quality and spot-on product market fit of our solution. We have proven that we are the first company that is able to protect and insure organizations against the increasing cyber threat fast and easy.” This investment allows Eye Security to execute its expansion plan and further accelerate its mission to mitigate the cyber risk of European companies.

Alex Ferrara, Partner at Bessemer Venture Partners: “The demand for cyber insurance has skyrocketed in recent years, yet there has been a segment of companies that don’t have the right resources to protect themselves at a time when ransomware attacks are at an all-time high, and therefore, become uninsurable. The Eye Security team bridges this gap by bringing a depth of expertise that these businesses wouldn’t be able to implement on their own. We look forward to partnering with Eye Security in their mission to protect small and medium-sized businesses against cyber risk.”

About Eye Security

Eye Security is a subscription-based cybersecurity and insurtech company which makes cybersecurity feasible and affordable for European businesses. With a growing team of security and insurance experts, Eye Security offers a high-quality, affordable all-in-one security product with active 24/7 protection and cyber insurance. Founded in 2020, Eye Security operates in Europe both direct and though her strategic partnerships and has offices in the Netherlands, Belgium, Germany. Read more about Eye Security here.

About Bessemer

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 135 IPOs and 200 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr and Toast and has more than $20 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Boston, Beijing and Bangalore. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

For more information

Mara Jochem
Manager Communications
+3188 644 48 88
mara.jochem@eye.security