Berlin-based secure collaboration platform Wired today announced that it has raised a $21 million Series B funding round led by UVC Partners, with participation from existing investors Iconical, Morpheus Ventures, Elysium Venture Capital and One Way Ventures.
The company said it saw a 3x annual growth rate in 2020. “This latest round of funding follows a three-year period of consistent quarter-on-quarter growth, and an almost 50% increase in customer base (currently 1,800 government and enterprise customers worldwide) from where the company stood just under a year ago.”
The Wire app allows users to communicate and share information securely – photos, videos, voice messages, files, conference calls or private conversations – in context.
“Our investment in Wire shows our strong belief in their leadership team as well as their product and trajectory to date, particularly given their phenomenal revenue growth has well outpaced the market. Wire’s platform is vital for serving the needs of governments and large-scale enterprises, which require the highest levels of security and privacy in their collaboration tools.” Dr. Ingo Potthof, Managing Partner at UVC Partners, said.
Wire plans to use the funding to continue investing in its platform and to grow its team. Currently the company has a team of 90 staff members based in Berlin, Switzerland, and San Francisco.
“Wire’s mission has always been to create the most secure platform, suitable for mission-critical communications and for organizations that truly value privacy. I’m proud of our team and the platform we have built so far.” said Morten Brøgger, CEO of Wire.
“It is fantastic to be able to add UVC Partners to our investment team. Backing from them not only provides further validation of our security-by-design approach, but will help propel us towards meeting and anticipating the security architecture needs of the future, with edge-based, zero trust applications. Our enterprise and government customers constantly grapple with monumental productivity, security and privacy issues all at once, and Wire is best positioned to address these challenges.” he added.