# HoxHunt

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.hoxhunt.com
- Total disclosed funding: $43M
- Latest round: Series B (May 28, 2022)
- Investors on record: 4

## About

HoxHunt OY specializes in enhancing security awareness and mitigating phishing threats for organizations through innovative training solutions.Founded in 2016 in Helsinki, Finland, HoxHunt OY provides a Human Risk Management Platform designed to combat phishing threats. The company's founding team includes Karri Kurunmäki, Mika Aalto, Pasi Salo, and Pyry Åvist, with Mika Aalto currently serving as CEO. HoxHunt has successfully raised USD 40.00 mn in its most recent funding round, Series B, led by Level Equity with participation from Icebreaker. The firm has successfully completed a total of 3 funding deals, with the latest occurring on May 28, 2022, bringing the total amount raised to USD 40.00 mn.Hoxhunt offers a comprehensive Human Risk Management Platform that enhances security awareness and mitigates phishing threats within organizations. Their core products include adaptive phishing training utilizing AI to deliver personalized simulations across various channels such as email, Slack, and Teams, tailored to employees based on factors like department and location. Additional offerings include interactive, bite-sized security awareness training modules aimed at increasing completion rates and addressing risky employee behaviors. Hoxhunt serves a diverse clientele, including thousands of organizations worldwide, training millions of employees in sectors such as finance, healthcare, and technology across North America, Europe, and Asia-Pacific.In the most recent year, 2023, Hoxhunt reported a revenue of USD 11.67 mn, with an EBITDA of USD -9.17 mn. The company generates revenue primarily through subscription-based models, allowing organizations to access a range of training packages and simulations, typically through annual agreements, ensuring a steady revenue stream as clients utilize the platform continuously to enhance their security posture.Following the Series B funding round in May 2022, which raised USD 40.00 mn, HoxHunt plans to invest in the development of its technology and accelerate growth into new markets, particularly focusing on North America. The funding will support the introduction of new products and enhancements to existing offerings, although specific product launch dates have not been disclosed. The strategic expansion aims to capitalize on increased global demand for sophisticated human risk management solutions.

## Funding rounds

- Series B, May 28, 2022, $40M — Level Equity, Icebreaker
- Series A, Oct 16, 2018, $2.9M — Dawn Capital, Icebreaker, First Fellow Partners

## Investors

- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series A
- Icebreaker (https://capitalatlas.ai/funds/icebreaker) — Series A, Series B
- First Fellow Partners (https://capitalatlas.ai/funds/first-fellow-partners) — Series A
- Level Equity (https://capitalatlas.ai/funds/level-equity) — Series B