# Tresorit

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

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.tresorit.com
- Total disclosed funding: $18M
- Latest round: Series B (Sep 4, 2018)
- Investors on record: 3

## About

Tresorit AG is a Swiss company specializing in end-to-end encrypted cloud storage solutions, catering to businesses and individuals with a focus on data security and privacy.Founded in 2011, Tresorit AG operates from Zurich, Switzerland, providing secure cloud storage solutions. The company has undergone strategic pivots to enhance its offerings and expand its market reach. It was co-founded by István Lám and Levente Buttyán, with István Hartung serving as CEO. In July 2021, Post CH Network Ltd acquired a majority stake in Tresorit AG from 3TS Capital Partners and PortfoLion for undisclosed terms. Tresorit has completed a total of 5 investment deals, with its most recent being a Series B round in July 2021, raising EUR 11.50 mn, bringing the total amount raised to EUR 11.50 mn.Tresorit provides a comprehensive suite of end-to-end encrypted cloud storage solutions tailored for both businesses and private users. Its core offerings include Tresorit SecureCloud for Businesses, which facilitates secure collaboration and file sharing within an encrypted workspace, and Tresorit SecureCloud for Private Use for individuals to securely store personal files. Tresorit Engage allows businesses to manage confidential projects and client interactions through secure data rooms, while Tresorit FileSharing ensures files can be shared with strict permission controls. The company also offers integrated solutions like Tresorit eSign, streamlining the digital signature process, and Tresorit EmailEncryption, enhancing email security by protecting attachments and content. Customers include over 11,000 organizations globally, spanning various industries such as finance, healthcare, automotive, and legal sectors, with a focus on the European and North American markets.Tresorit's revenue model primarily revolves around subscription-based services, catering to both B2B and direct-to-consumer markets. In 2020, the company reported revenue of EUR 5,489,067 and an EBITDA of EUR 859,077. Clients typically engage with Tresorit through various pricing plans, which provide tiered access to services based on their specific needs, establishing a consistent revenue stream through annual or monthly subscriptions.Looking ahead, Tresorit plans to enhance its product lineup by launching new solutions aimed at further improving data security for its clients. The company is targeting expansion into additional geographic regions, specifically focusing on increased presence in North America and Asia by the end of 2023. The EUR 11.50 mn raised in the latest funding round will be allocated to support these growth initiatives, bolstering product development and market entry efforts.

## Funding rounds

- Series B, Sep 4, 2018, $13M — 3TS Capital Partners, PortfoLion
- Series A, May 1, 2014, $3M — Euroventures
- Series A, Sep 25, 2012, $1.7M — Euroventures

## Investors

- Euroventures (https://capitalatlas.ai/funds/euroventures) — Series A
- 3TS Capital Partners (https://capitalatlas.ai/funds/3ts-capital-partners) — Series B
- PortfoLion (https://capitalatlas.ai/funds/portfolion) — Series B