Yogosha completed a series A funding round of 10 million euros, led by Tikehau Ace Capital, followed by OneRagtime and BNP Paribas Development. DAF Part Time - 2CFinance supported Yogosha in its due diligence process.
Since its creation in 2015, Yogosha has become a key player in securing companies' IT systems, thanks to a community of ethical hackers offering private bug bounty campaigns. This method rewards ethical hackers who detect vulnerabilities in an information system with a financial reward. The company has built a solid track record and gained the trust of many key players in the market, such as Bouygues Telecom, BNP Paribas, the Ministry of the Armed Forces, Vestiaire Collective, Galeries Lafayette, L'Oréal, Swiss Life, and Veolia.
Thanks to this fundraising, Yogosha will be able to support its growth and conquer international markets.
Founded in 2017, Tikehau Ace Capital is a venture capital firm that invests in European technology startups. OneRagtime, founded in 2016, is a global venture fund investing in promising startups in Europe, Israel, and the United States. BNP Paribas Development is a subsidiary of BNP Paribas, providing long-term equity investments in SMEs and mid-cap companies.
Yogosha's Bug Bounty platform enables companies to identify vulnerabilities in their IT systems before they can be exploited by hackers. By connecting ethical hackers with companies, Yogosha provides a win-win solution that enhances companies' cybersecurity while rewarding ethical hackers for their skills.
With the 10 million euros funding round, Yogosha will be able to further develop its platform and expand its services globally, making the world a safer place for businesses to operate in.