Luminii provides CDD support to Octopus Ventures on their investment in Intigriti

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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