Rantum Capital finances Hannover-based software company Hornetsecurity
Rantum Private Debt Fund II today provided growth financing to Hornetsecurity, a leading SaaS provider of cloud-based email security and hacker defense solutions in Germany, Austria, Switzerland, and Spain. The Rantum loan will fund Hornetsecurity’s continued organic growth and support the add-on acquisition of another complementary cloud backup solution provider.
Marc Pahlow, Managing Director of Rantum Capital, comments, “As part of our due diligence, together with the expertise of our industrial partners, we gained a detailed understanding of the company. It is the clear market leader in cloud-based security solutions for mid-market companies and has the opportunity to scale quickly and profitably through its SaaS business model. We are pleased to be able to contribute to this future growth and to more cyber security for the SME sector with our loan.”
The legal advisor to Rantum Capital on this transaction was Ashurst (Anne Grewlich, Sabrina Bremer, and Dr. Ralf Stenger).