# SoSafe

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

- Industry: Software
- Headquarters: Cologne, Germany
- Website: www.sosafe-awareness.com
- Total disclosed funding: $83M
- Latest round: Series B (Jan 13, 2022)
- Investors on record: 5

## About

SoSafe GmbH specializes in cybersecurity awareness and human risk management, offering innovative training and simulation products designed to enhance digital safety practices among employees.Founded in 2018 in Cologne, Germany, SoSafe GmbH focuses on elevating cybersecurity awareness among organizations. The company has completed 3 deals, with the latest being a Series B funding round in January 2022, raising EUR 73.000 mn, led by Highland Europe and supported by Acton Capital, Global Founders Capital, La Famiglia, and Rocket Internet SE. Sigmund Felix Schürholz and Lukas Schaefer are among the founders, while Niklas Hellemann serves as CEO. The company has not experienced any significant pivots or changes in ownership structure since its inception.SoSafe's primary offerings center around enhancing cybersecurity awareness and human risk management through an innovative suite of products designed to foster safer digital habits among employees. Their core product line includes personalized, gamified cybersecurity awareness training, smart phishing simulations, and an AI-powered conversational chatbot named Sofie, which acts as a continuous security co-pilot for users. These products are designed to address critical issues such as improving threat reporting skills, accelerating threat detection, and mitigating human risk in real time. SoSafe primarily serves a diverse client base, including organizations across various industries in Europe, where the company's solutions are tailored to meet the needs of both corporate and governmental entities. Their focus on integrating secure behavior into organizational culture positions them as a leader in the security awareness training market.SoSafe operates primarily on a subscription-based revenue model, targeting businesses through a direct-to-consumer approach. Clients typically engage with the company to secure access to its comprehensive training modules and risk management tools, which are crucial for enhancing their cybersecurity posture. The company offers various pricing plans based on the scale of implementation and specific services selected, facilitating a customizable experience for clients ranging from small enterprises to large corporations. The flagship products, such as their human risk management tool and the AI-based chatbot Sofie, are central to the transaction structure, allowing organizations to leverage SoSafe's capabilities to integrate cybersecurity awareness seamlessly into their operations. Transactions are characterized by annual subscriptions that include ongoing support and access to updates, ensuring compliance with evolving security standards and practices.In December 2022, SoSafe GmbH raised EUR 73.000 mn in Series B funding led by Highland Europe, with participation from La Famiglia, Rocket Internet, Acton Capital Partners, and Global Founders Capital. The company intends to use this funding to accelerate international growth, focusing on expanding its market presence in new geographical regions and enhancing its product offerings. Specific details regarding new product launches or geographic expansions have not yet been disclosed.

## Funding rounds

- Series B, Jan 13, 2022, $83M — Acton Capital, Rocket Internet SE, Global Founders Capital, La Famiglia, Highland Europe
- Seed, Jul 22, 2020 — Acton Capital
- Seed, Mar 12, 2019 — Global Founders Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series B
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Seed, Series B
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series B
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Series B
- Highland Europe (https://capitalatlas.ai/funds/highland-europe) — Series B