Coinvest Capital has invested in the Lithuanian cybersecurity startup CBRX, contributing to its €540,000 pre-seed funding round aimed at developing the company’s cloud platform and expanding its presence across the European Union. The round also includes participation from Scalewolf, Plug and Play Tech Center, and Firstpick.
Coinvest Capital’s share of the investment amounts to €270,000. For the fund, this marks an important milestone – its 80th investment – with CBRX becoming the 51st company in the Coinvest Capital portfolio. The investment was made on a pari passu basis.
CBRX 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.
The TEGOS team, including Dalia Tamašauskaitė-Žilienė, Meda Stankutė, Ramilė Bartušytė, Patricija Julija Nedveckytė, Domantas Venckus, and Inga Zacharevič advised Coinvest Capital on all legal matters related to this investment.
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.
