Cybersecurity startup CBRX secures €540,000 for European expansion from Coinvest Capital and other investors

Lithuanian cybersecurity startup CBRX has raised a €540,000 pre-seed investment, which will be used to develop the company’s cloud platform and expand its presence within the European Union. The funding round includes participation from venture capital fund Coinvest Capital and other partners, including accelerators Scalewolf, Plug and Play Tech Center, and venture capital fund Firstpick.

CBRX helps IT service providers (MSPs – Managed Service Providers) quickly and with minimal investment become cybersecurity service providers (MSSPs – Managed Security Service Providers). The company’s cloud platform, powered by artificial intelligence (AI), automates incident management, threat monitoring, analysis, and customer support.

“This investment round is especially important for us, as it allows us to accelerate what we already see as an inevitable shift in the market – traditional IT service providers (MSPs) are moving into the field of cybersecurity and becoming MSSPs. Our goal is to help them make this transition quickly, without upfront costs, complex infrastructure, or the need for an expensive team of experts. This enables service providers to start serving clients today, not months or years from now. The investment will not only strengthen our technological advantage but also help CBRX become one of Europe’s leaders in the transformation of MSPs into MSSPs,” said Kazimieras Sadauskas, CEO of CBRX.

“The solution developed by CBRX significantly accelerates cybersecurity processes and enhances overall business resilience against growing digital threats. By democratizing access to advanced security technologies, this startup contributes to building a safer Europe. Our investment strategy prioritizes innovations that strengthen both physical and digital security, and we see great potential in CBRX in this area. We believe the company has all the prerequisites to become a major player in Europe’s cybersecurity ecosystem,” noted Viktorija Trimbel, Managing Director of the venture capital fund Coinvest Capital.

Coinvest Capital’s share of the investment amounts to €270,000. For the fund, this marks a milestone – its 80th investment – with CBRX becoming the 51st company in the Coinvest Capital portfolio. The investment is made on a pari passu basis.

The majority of the raised capital will be allocated to further expansion and technology development at CBRX. The company plans to make significant investments in expanding its sales and partner network in the DACH region (Germany, Austria, Switzerland) and the Nordic countries, aiming to strengthen its position in the European market.

A strong focus will also be placed on enhancing artificial intelligence (AI) capabilities to further automate cybersecurity incident management and reduce the risk of human error.

In parallel, CBRX will continue to expand the platform’s functionality, enabling MSPs to provide advanced cybersecurity services to their clients more efficiently.

The company also plans to grow its team, prioritizing the recruitment of product development and AI specialists.

About Coinvest Capital

Coinvest Capital is a sovereign venture capital fund established by the national development bank ILTE. The fund invests public funds of EU and Republic of Lithuania, alongside private investors, in promising European start-ups that create value for Lithuania. Since the beginning of its operations, the Fund, together with its partners, has invested in 51 startups and exited 6 investments. The total venture capital deployed amounts to more than €58,6 million, of which €25.9 million was contributed by Coinvest Capital. Under the profit-sharing model, private co-investors have contributed €13.2 million, while an additional €19.5 million has been invested under the pari-passu model.

The Fund offers a globally unique profit-sharing program, capping its annual return on investments at 4 to 8 percent. In the event of a successful exit, any return exceeding this cap is allocated to accredited private co-investors. Out of the €44.3 million in committed capital entrusted to the Fund, €12.1 million remains available for new investments following this transaction.

For more information:

CBRX

Kazimieras Sadauskas | CEO

hi@cbrx.ai