# Build38

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/build38

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.build38.com
- Total disclosed funding: $17M
- Latest round: Series A (Dec 14, 2022)
- Investors on record: 3

## About

Based in Germany, Build38 GmbH specializes in providing advanced mobile app security solutions that safeguard applications from various threats, ensuring data integrity and user trust across different industries.Build38 GmbH, founded in 2018 in Munich, Germany, focuses on mobile app security. The company has successfully raised a total of EUR 13.000 mn in funding, with the latest being a Series A round in December 2022 led by Tikehau Capital. The founders, Christian Schlaeger, Joaquín Barreiro, Marc Sureda, and Pedro Hernandez, have a diverse background in technology and entrepreneurship, contributing to the company's innovative approach to app security.Build38 offers an advanced mobile app security platform that combines in-app protection, AI-driven active hardening, and cloud-based threat intelligence to provide comprehensive security solutions for businesses across multiple sectors. Their core offerings include a unified platform designed to safeguard mobile applications from threats such as data breaches, unauthorized access, and tampering. The technology is tailored for industries that handle sensitive user information, including financial services, healthcare, automotive, and digital identity sectors, supporting mobile operating systems from Android 4.4 to the latest versions of iOS. The company serves a global client base, providing services in key markets such as Europe, North America, and Asia, with a focus on ensuring compliance with emerging regulatory standards such as PCI-MPoC and GDPR.Build38's revenue generation model is primarily based on subscription services and partnerships with businesses that require mobile app security solutions. Clients, which include enterprises in sectors like mobile banking, eHealth, and automotive, typically engage with Build38 through direct agreements that encompass customized security packages adapted to their specific needs. The pricing structure includes various tiers of service that allow organizations to select a configuration that suits their operational requirements, likely covering features such as automated threat responses and compliance support. Flagship offerings, such as Master Code Protection, are integral to their service lineup, providing robust security mechanisms within a streamlined user interface. This transactional relationship fosters ongoing revenue through renewals and upgrades as clients adapt to evolving security challenges in the mobile landscape. In March 2026, OneSpan Inc., acquired Build38 GmbH from G+D Ventures, Caixa Capital Risc, eCAPITAL, Tikehau Capital. Financial terms of the transaction were not disclosed.

## Funding rounds

- Series A, Dec 14, 2022, $14M — Tikehau Capital, eCAPITAL, Caixa Capital Risc
- Series A, Dec 30, 2020, $3.6M — eCAPITAL, Caixa Capital Risc

## Investors

- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series A
- Caixa Capital Risc — Series A
- Tikehau Capital — Series A