Pride Capital Partners provides growth financing to Link11
Cologne/Frankfurt, 21th August 2019
Link11 has received a mezzanine loan from Pride Capital Partners to finance further growth. Link11’s proprietary cloud security platform protects businesses of all sizes and across all industries from malicious application and website DDoS attacks. Even the smallest disruption to business-critical applications or services caused by cyber-attacks can cost companies time, nerves, cash, trust and reputation. Link11’s scalable platform that blocks such attacks is sold in a Software-as-a-Service (Saas) model.
Link11 is a leading provider of DDoS protection software
Link11 operates its IT security platform and the necessary infrastructure from its Frankfurt location. For this purpose, Link11 maintains data centers and networks worldwide and fends off cyber-attacks in a matter of seconds. Customers redirect their traffic (e.g. website or application requests) via the Link11 Security Cloud. The core of the cloud platform is a patented Link11 filter software that detects malicious requests in real-time and reliably fends off attackers. Unique is the self-learning artificial intelligence component of the protection solution, which allows Link11 to continuously improve its attack detection.
Some of the largest logistics, finance and e-commerce companies in the D-A-CH region are already protected by Link11. With the increasing digitalization of business processes and growing dependence on real-time applications, the need for protection solutions that ensure business continuity is also growing. Analysts expect annual growth rates of over 14% until 2024.
Financing of growth strategy
The Pride Mezzanine loan enables Link11 to continue its ambitious expansion strategy without diluting its current shareholder base. Link11’s international presence in Europe will be further strengthened and expanded globally. The company’s existing strategies and product developments will remain unchanged.
Jens-Philipp Jung (founder & CEO of Link11): “We are delighted to take the next big steps with Pride Capital Partners’ investment. Pride Capital is a strong partner with many years of experience in the growth financing of B2B companies with a focus on the SaaS space. With the additional resources, we will be able to expand our market presence quickly and substantially“.
Jens-Philipp Jung, founder and CEO of Link11: “We are delighted to take the next big steps with Pride Capital Partners’ investment. Pride Capital is a strong partner with many years of experience in the growth financing of B2B companies with a focus on the SaaS space. With the additional resources, we will be able to expand our market presence quickly and substantially”.
Lars van ’t Hoenderdaal (managing partner Pride Capital Partners): “We always look for market leading software companies that are aiming for further expansion. Link11 has a unique recurring and scalable business model with a superior product/software and young founder/management profile. Our mezzanine product and network are a perfect match for their ambitions”.
About Pride Capital Partners
Pride Capital Partners is a specialized private debt firm that finances profitable and growing companies in the software and ICT segment. Classical scenarios include growth, acquisition and buy-out transactions. The focus is on the Benelux and DACH regions. Pride Capital has offices in Amsterdam and Cologne.
Pride Capital Partners is financed by its own shareholders, wealthy private individuals, family offices, (former) entrepreneurs and institutional investors. The portfolio consists of amongst others OnGuard, DataManagement Professionals, The Valley, Spotzer, Bright River, Blue Field and the German companies KAIROS and COYO.