Uniqkey, a cybersecurity firm based in Hovedstaden, has raised €5.35 million to enhance its password and access management solutions across Europe. The company aims to strengthen Europe’s digital independence in the face of rising geopolitical tensions and underinvestment in digital infrastructure. This funding round will enable Uniqkey to scale its technology and protect more companies from cyber threats.
Uniqkey previously received attention for its innovative approach to cybersecurity, emphasizing usability while maintaining high standards of protection. This latest funding builds on prior investments and signals continued confidence from the market. The company has consistently highlighted the importance of digital sovereignty and aims to reduce dependency on foreign technology. With growing concerns about cyber-attacks, Uniqkey’s solutions are increasingly relevant to businesses across Europe.
Investors Supporting Uniqkey
The funding round was led by Swedish venture capital firm BackingMinds, alongside notable industry figures such as Jesper Zerlang, Lars Ankjer, Otto Krabbe, and Rolf Bladt. These investors recognize Uniqkey’s potential in the cybersecurity sector.
“At BackingMinds, we invest in what we call blind spots – overlooked areas with great potential. With less than 1 per cent of all founders in Cyber security being immigrants and with only 2 per cent of all Cyber security startups coming from the Nordics, Uniqkey stands out as a hidden gem.” – Susanne Najafi, Founding Partner at BackingMinds
“After tracking 500+ cybersecurity startups across Europe, it was clear that Uniqkey stood out. We have been impressed by Hakan, the company’s management team, and their technical expertise.” – Sara Wimmercranz, Founding Partner at BackingMinds
Aiming to Become the Go-To Security Solution
Uniqkey addresses the increasing threat of cyber-attacks by offering encrypted password protection directly to employees. Their solution uses a mobile app for system logins, providing high-level encryption and eliminating the need for users to remember passwords. This approach enhances security and reduces the risk of data breaches.
“Today, everybody’s got a mobile phone. Mobile phones have become an essential way we access our everyday life online. That is exactly why we’ve made the mobile phone central to Uniqkey’s security solution.” – Hakan Yagci, CEO and founder of Uniqkey
The company’s vision extends beyond password protection, aiming to become a comprehensive digital security solution for employees. Uniqkey focuses on educating organizations and enhancing cyber awareness, acting as a digital security guard.
Capital Utilisation
The new funding will help Uniqkey accelerate its growth and keep up with the latest safety standards. The company currently protects over 500 SMEs across Europe and has seen significant demand for its solutions, growing 100 per cent year over year for the past two years.
“This new funding will help accelerate the way we scale our technology to thousands of companies across Europe in the coming years. Protecting SMEs is at the heart of what we do and hopefully, we can play an important part in Europe’s rising cyber landscape.” – Simon Cederstråhle Hellström-Melander, CMO of Uniqkey
Founded by Danish entrepreneur Hakan Yagci, Uniqkey was initially developed to secure his previous company. After facing challenges with existing cybersecurity solutions, Yagci launched Uniqkey, which now provides military-grade security with convenience for IT and employees. The company has grown to a team of 50 employees and continues to expand its reach across Europe.
Uniqkey’s recent funding round demonstrates strong investor confidence in its mission to enhance cybersecurity across Europe. The company’s focus on usability, coupled with high-level security, positions it as a critical player in the industry. With the rise of remote work and increasing digital footprints, the need for robust cybersecurity solutions is more pressing than ever. Uniqkey’s innovative approach and commitment to reducing dependency on foreign technology make it a significant contributor to Europe’s digital resilience.
