Secfix, a Berlin-based startup that helps businesses comply with cybersecurity standards like ISO 27001 and TISAX, has raised €3.6 million in seed funding.
Octopus Ventures led the investment, with participation from Neosfer, owned by Commerzbank, as well as Signavio and Blair’s founders and other investors. It comes just a year after the German startup launched its platform for security compliance and automation.
Secfix’s seed round will be used to accelerate its expansion in Europe, boost product growth, and expand customer support, with an emphasis on expanding tool integrations and automating their platform.
Fred Ellis, Investor, B2B software, Octopus Ventures, comments “Small and medium-sized businesses face ever-growing complexity in ensuring data security and meeting the rigorous standards needed to create customer confidence. Few businesses have the expertise they need to meet and apply for those standards in-house, and the process can become a drain on time and money. By automating the building of certifiable information security processes and systems, Secfix is improving the quality of information security within SMBs while lowering the cost to the business. The Secfix platform will become infrastructure that small businesses can’t live without.”
Secfix’s founders Fabiola Munguia, Grigory Emelianov and Branko Džakula were inspired to create the platform after running a marketplace for ethical hackers. Many of their customers requested assistance in achieving ISO 27001 certification. As a result of this experience, Secfix was founded as a solution that could streamline the certification process for small and medium-sized businesses.
“We’re excited for this new era of security compliance. With the new funding, our amazing team and our investors’ support, we will be able to focus on bringing more value to our customers and making sure we are building something they want. We’re all about making our customers happy and helping them achieve their security compliance goals”. Fabiola, CEO.
Using Secfix, small and medium-sized businesses can set up their IT security, meet compliance and get certified in the security standards they need to meet – ISO 27001, TISAX, GDPR, and SOC 2.
Over 30 cybersecurity regulations exist in the US alone, and the global market for certification support is over $16 billion, so small and medium-sized businesses are facing increasing pressure to meet the demands of larger customers. In order to achieve security compliance certifications, companies must continually comply with customers’ security standards. It is a never-ending journey to maintain certification as companies grow their tech stacks, add SaaS integrations, and change suppliers.
Secfix connects to companies’ tech stacks, including Azure, Office365, AWS, GCP, Jira, and Personio, helping them meet security standards. To help them become and remain certified in the standards they need, it collects the required information and generates a checklist. With the platform, businesses can get compliant in weeks rather than months, and auditors can save at least 30% of their time.
Secfix is strongly present in the EU and has an extensive network of certification bodies in Europe.
