Manchester, UK, 27 February 2024 – ESProfiler, the pioneering British cybersecurity start-up, announces a £2.8 million Seed round, led by Nauta Capital. This significant milestone builds on the momentum from notable angel investments received in 2023.

Founded with a mission to tackle the widespread inefficiencies in enterprise cybersecurity investments, ESProfiler is emerging as a game-changer in the industry. The founding team, leveraging their first-hand experience, identified critical gaps in how cybersecurity tools were being utilized. These tools often overlapped, were underutilized, and misaligned with the actual methods of adversaries and continued a frustrating cycle of inefficient security tooling churn.

This challenge is exacerbated by a lack of standardization within the cyber market. Chief Information Security Officers (CISOs) are navigating a labyrinth of marketing jargon, struggling to quantify the effectiveness and relevance of their growing security portfolios. This struggle is set against a backdrop of tightening budgets and escalating pressures from boards to justify cybersecurity expenditures.

Enter ESProfiler, a revolutionary platform co-developed with some of the UK’s leading financial institutions. The platform is a unique amalgamation of financial and commercial insights with a cutting-edge threat model. The platform quantifies what security investments do against the evolving ways adversaries attack organisations. ESProfiler empowers CISOs to focus on the most pertinent threats and continuously optimize their investments for maximized security returns. It offers a comprehensive view of an enterprise’s security capabilities, identifies gaps and efficacy, and provides the vital commercial and financial data needed for informed decision-making.

The newly secured investment will fuel ESProfiler’s commercial growth, enhance product development, and add substantial new capabilities to its platform.

Louis Holt, CEO and Co-founder of ESProfiler, expressed his enthusiasm:

“Partnering with Nauta Capital marks a significant step in our journey towards offering continuous security investment validation to enterprises. This funding is not just a financial boost but a validation of our vision at ESProfiler. It will accelerate our engineering efforts, expanding our platform’s capabilities and reach.”

Pratima Aiyagari, London-based Partner at Nauta, adds,

“ESProfiler has created a new way for CISOs to operate. It provides continuous analysis of security tools and their performance.  With this intelligence, any company’s security can be optimized to help teams do more with what they have. For the first time, companies can rationalize their security budget based on hard data. In today’s economic environment, that’s a huge advantage – and one that positions security as a business driver and competitive advantage for the long term.”

ESProfiler, headquartered in Manchester, has also benefited from the UK National Cyber Security Centre’s NCSC For Startups program in collaboration with Plexal.

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About ESProfiler

ESProfiler is a pioneering cybersecurity firm based in Manchester, dedicated to transforming how enterprises assess and optimize their cybersecurity investments. Through its innovative platform, ESProfiler is setting new standards in the industry, ensuring that enterprises can navigate the complex landscape of cybersecurity with confidence and efficiency.

About Nauta

Nauta is a pan-European venture capital firm investing in early-stage B2B software companies with offices in London and Barcelona. With over half a billion assets under management and a team of 20 people, Nauta Capital is one of Europe’s largest B2B focused VCs. As a sector-agnostic investor, Nauta’s main areas of interest include B2B SaaS solutions with strong network effects, vertically focused enterprise tech transforming large industries as well as those leveraging deep-tech applications to solve challenges faced by large enterprises. Nauta has led investments in more than 80 companies including Brandwatch, Lodgify, Mercaux, Holded, Onna, MishiPay, Landbot, AppFollow, ifeel and Cledara. 

Find out more at www.nautacapital.com.