27 Apr 2022 /

Luminii are delighted to have provided commercial due diligence (CDD) support to Octopus Ventures on their investment into Intigriti, Europe’s leading bug bounty and vulnerability disclosure platform, as part of the Company's €21M Series B funding round. This round represents the largest funding for a crowdsourced security platform in Europe to date.

Intigriti’s global cybersecurity platform connects organisations with ethical hackers to continuously test and improve their security through bug bounty programs and other crowdsourced techniques. Achieving 650% growth since its initial funding round in 2020, Intigriti has established itself as the European leader and fastest-growing crowdsourced security platform globally. 

The platform’s dominance in Europe is driven by its focus on the quality of services and high compliance standards, along with the ambition to inspire sustainability and innovation. This approach has caught the interest of new markets, including the US and Asia. Some of the biggest corporate organisations are transitioning their bug bounty to the EU-based platform.

The new investment will enable Intigriti to further accelerate its rapid detection, reporting and validation of vulnerabilities. Intigriti will also use the funds to grow its headcount to more than 200 employees worldwide in the UK, Europe, and Singapore as well as investing in tools and features to strengthen its position as the platform of choice for ethical hackers.

"Luminii are delighted to have supported Octopus Ventures on this transaction. This is yet another deal that helps to further strengthen our credentials in the TMT and cybersecurity sectors, having worked on several deals in this space recently. We wish Octopus and Intigriti's management team continued success for the future." - Lushani Kodituwakku, Managing Director, Luminii Consulting

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    Private equity investment firm with circa £4 billion of assets under management

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    Board of Directors of a global SaaS Company, UK

  • Luminii Consulting proved themselves to be a highly flexible and dedicated team who delivered a high quality CDD report in a complex tech sector. They were able to cover a wide scope across multiple geographies to a strict deadline and provided us with the required insight and strategic advice to make an informed decision. We appreciated their effort and enjoyed working with the Luminii team.

    Private equity and venture capital with £9.1bn worth of funds under management

  • Lushani and her team at Luminii delivered a high quality CDD report that exceeded our expectations. We were particularly pleased with the post deal recommendations and informed opinions contained within the report. We wouldn't hesitate to use Luminii's services again on future projects.

    Leading mid- market private equity firm

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    Leading independent investment manager with funds of over £1 billion under management

  • We enjoyed a strong working relationship with Luminii Consulting. Their work went above and beyond the scope of the CDD and offered strategic insight and advice that has since helped us with both our post-deal strategy and business development.

    Leading SaaS provider of Identity & Access Management (IAM) software, IDaaS and Identity API

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    Finance lender providing short term property finance