Project A backs encryption startup ZenGuard

Michelle Kuepper 2013-10-21 2

Berlin-based company builder Project A Ventures today announced a six-figure investment in online security service ZenGuard. The news comes just one week after German media conglomerate Axel Springer announced a €30m investment in the company builder.

The Berlin-based startup wants to help protect users’ privacy when on the internet by offering a browser plugin (called ZenMate) that changes users’ IP address and encrypts all outgoing and incoming traffic. ZenGuard said it will use the funding to improve its technical development, work on new features and grow the team. The plugin will be free initially but the team has plans to implement a freemium model in the future.

Alongside the capital, Project A will also support ZenGuard in areas such as marketing and IT. A number of business angels also contributed to the funding round, including eDarling founder David Khalil, Home24 cofounder Philipp Kreibohm and founder Robert Maier.

ZenGuard also has a connection to Axel Springer – the startup took part in the first round of the Axel Springer Plug and Play Accelerator, a three-month programme which provides startups with €25,000 in seed funding for a five per cent shareholding.


For related posts, check out

Axel Springer Plug and Play kicks off in Berlin – meet the accelerator’s first eight startups
Axel Springer bets €30m on internet company builder Project A
An exit for Project A: Delticom buys online tire shop Tirendo for €50m


VN:F [1.9.20_1166]
Rating: 5.0/5 (2 votes cast)
Project A backs encryption startup ZenGuard, 5.0 out of 5 based on 2 ratings

All images in this article are subject to the Creative-Commons-Lizenz (credit - no editing, CC BY-ND , link to the legally-binding license agreement). Excluded are pictures that are labelled differently, including from Panthermedia, Fotolia, Pixelio, Morguefile, along with press photos or publishers' own visual material.