Hoxhunt Raises $40M in Series B Funding
- Hoxhunt, a Helsinki, Finland – based cybersecurity training platform provider, raised $40 million in Series B funding
- The round was led by Level Equity Management, with participation from existing investor Icebreaker.vc.
- The company intends to use the funds for the development of its technology and accelerate growth in new markets, particularly North America
- The company provides a SaaS based gamified platform that rewards employees for reporting simulated and real email threats, using machine learning to create millions of individualized phishing simulations
- The company currently hosts over a million end users, who receive up to 36 phishing simulations a year in 30 supported languages
