- Clipperton acted as sole financial advisor to HarfangLab, a French Cybersecurity software company offering endpoint detection and response (EDR) solutions to enhance identification and neutralization of cyberattacks, on its €25m Series A led by Crédit Mutuel Innovation, with the participation of MassMutual Ventures and Elaia.
- The funds will be used to accelerate expansion to new Europe countries, and to strengthen the investment in R&D needed to support the development of cutting-edge protection against increasingly sophisticated cyberattacks.
- This deal illustrates Clipperton’s increasing focus in the cybersecurity segment, following the recent transactions involving Advens and Preligens. This 8th landmark growth financing since the beginning of 2023 confirms the compelling expertise of Clipperton to advise future category leaders on their acceleration rounds.
Our Client
- HarfangLab offers clients and partners a much-needed lightweight, cloud-agnostic, and open EDR solution. The solution is certified by the French National Cybersecurity Agency (ANSSI) and HarfangLab has seen best-in-class EDR early results from its first MITRE ATT&CK Evaluation. The company is growing fast, having increased its revenues by 250% in 2022. It has more than 250 clients and experience protecting over 800,000 endpoints and servers.
- This growth financing is the company’s second since its creation in 2018 by Grégoire Germain, Xavier Boreau, Maxime Rameau and Mathieu Gaspard, who jointly have decades of experience in combating cyber threats.
Deal Rationale
- The new funds will be used to accelerate HarfangLab’s business expansion in Europe, as well as to facilitate investment in research and development. The cyber threat landscape is ever-evolving, and HarfangLab will continue to invest in the latest AI, detection automation and threat intelligence technologies to ensure they are one step ahead of the latest threats. To drive visibility and highlight its expertise, HarfangLab will accelerate recruitment and investment to develop its partner network.
- HarfangLab strengthened its Executive Committee in September 2023 with the appointment of Tanguy de Coatpont as Chief Revenue Officer and of Anouck Teiller as Chief Strategy Officer. Both recruitments are aligned with the growth and increasing footprint of the company across Europe.
- Grégoire Germain, CEO and Co-Founder at HarfangLab, stated: “Our solution is now a must-have in the French cybersecurity market: it has been certified by ANSSI, has received great results at the latest MITRE ATT&CK Evaluations, and is constantly adding new innovations to fight against the ingenuity of cybercriminals. This funding round equips us with the resources to continue to invest in research and take the next step in the commercialization of our solution in Europe with one ambition in mind: to always protect our clients, as the best partners would do.”
Clipperton’s Cybersecurity track record
This deal illustrates Clipperton’s increasing focus in the cybersecurity segment, following the recent transactions involving Advens and Preligens. This 8th landmark growth financing since the beginning of 2023 confirms the compelling expertise of Clipperton to advise future category leaders on their acceleration rounds.
Deal Team
- Thibaut Revel, Managing Partner
- Olivier Combaudou, Partner
- Wael Abou Karam, Vice President
- Lucas Pingard, Associate
- Elie Hodara, Associate
Read the press release in French.
About Clipperton
Clipperton is a leading investment bank dedicated to technology and growth companies. We provide strategic and financial advisory to entrepreneurs, corporates, and top-tier investors in Europe willing to execute transactions such as strategic M&A, private equity transactions, and private placements. Founded in 2003 and with offices in Paris, Berlin, Munich, London, New York, and Beijing, Clipperton has completed over 400 M&A and private placement transactions with fast-growing technology start-ups, blue-chip corporates, and renowned financial investors.