25 July 2022

Nethone in the Deloitte Technology Fast 50 list

Our portfolio company Nethone is the fastest growing technology company in Poland according to Deloitte Technology Fast 50 Central Europe 2021.

Its industry is cyber security, according to experts the global fraud detection and prevention market will reach $62.7 billion in value by 2028, registering an annual growth rate of 15.4%. Nethone has nearly 70 high-quality customers and is successfully expanding into non-European markets, primarily in Brazil and Japan. The solutions offered by Nethone , successfully compete with products from the US and Israel. Nethone closed a series A financing of PLN 25 million in June 2021.

What has changed in that time?

– The company is on a steep growth trajectory, achieving nearly threefold year-on-year recurring revenue growth.

– The paying customer base has grown by more than 75%.

– The team is successfully building a sales funnel, with current value and conversion dynamics confirming an ambitious revenue target of 100 million ARR in 2 years.

The rapid growth path is a huge success and a credit to the entire Nethone team, led by Hubert Rachwalski von Rejchwald. The company is currently working on its next round of financing, which only reinforces the validity of our investment.