# Hack The Box

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hack-the-box

- Industry: Education/Training
- Headquarters: Folkestone, UK
- Website: www.hackthebox.eu
- Total disclosed funding: $69M
- Latest round: Series B (Jan 11, 2023)
- Investors on record: 6

## About

Based in the UK, Hack The Box Ltd operates as a leading provider of cybersecurity training solutions, enhancing the skills of individuals and corporate teams through an interactive learning platform and engaging competitions.Hack The Box Ltd specializes in cybersecurity training, offering a platform that combines education with practical experience. Founded in Folkestone, UK, in 2017, the company has engaged in four funding rounds, with its most recent Series B round completed on January 11, 2023. The round raised GBP 45 million, led by Carlyle Group and included participation from multiple investors such as Brighteye Ventures and Marathon Venture Capital. The firm is led by CEO Haris Pylarinos.Hack The Box (HTB) offers a comprehensive suite of cybersecurity training solutions designed to enhance the skills of individuals and corporate teams across various sectors. Their primary products include an interactive learning platform featuring specialized courses, hands-on labs, and gamified competitions that cover offensive, defensive, and general security domains. The HTB Academy provides access to over 40 courses that cater to different skill levels, from beginners to advanced practitioners, along with industry-recognized certifications that validate the competencies acquired. Their services are utilized by a wide array of customers, including corporate teams, educational institutions, and individual learners, primarily located in North America, Europe, and Asia. The platform aims to address critical cybersecurity skill gaps, facilitate talent development, and ensure organizational readiness against real-world threats.Hack The Box generates revenue through a subscription-based model, with a reported revenue of GBP 19,314,573.40 for the year 2023. Their offerings include various tiers of access to training courses and hands-on lab environments. Clients can choose plans like the HTB Academy Gold, which provides extensive access for a fixed fee, allowing organizations to enhance their cybersecurity capabilities. The firm’s revenue structure empowers direct transactions with businesses and educational providers, fostering tailored training approaches to meet specific workforce development needs.In January 2023, Hack The Box Ltd raised GBP 45 million in Series B funding, which will be utilized to accelerate growth aspirations with a focus on expanding its market-leading "gamer-first" solutions portfolio. Plans for future growth include the launch of new products designed to enhance user engagement and address evolving cybersecurity challenges. The company is also targeting geographical expansion into new markets, particularly in North America and Asia, to reach a broader audience and enhance its service offerings.

## Funding rounds

- Series B, Jan 11, 2023, $55M — Carlyle Group, Paladin Capital Group, OUP (Osage University Partners), Endeavor Catalyst, Marathon Venture Capital, Brighteye Ventures
- Series A, Dec 30, 2020, $10M — Paladin Capital Group, OUP (Osage University Partners), Marathon Venture Capital, Brighteye Ventures
- Seed, Oct 31, 2019, $2.6M — Marathon Venture Capital
- Seed, Mar 8, 2019, $1.3M — Marathon Venture Capital

## Investors

- Marathon Venture Capital (https://capitalatlas.ai/funds/marathon-venture-capital) — Seed, Series A, Series B
- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Series A, Series B
- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A, Series B
- Brighteye Ventures (https://capitalatlas.ai/funds/brighteye-ventures) — Series A, Series B
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series B
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series B