Burda Principal Investments was among the participants that backed the virtual private network provider at a $1.6bn valuation.

Lithuania-based internet privacy and security software provider Nord Security has secured $100m from investors including media company Hubert Burda in its first external round.

Novator Ventures led the round with backing from General Catalyst and private investors Miki Kuusi, Ilkka Paananen and Matt Mullenweg. It valued Nord at $1.6bn while Hubert Burda Media participated through its growth equity arm, Burda Principal Investments.

Founded in 2012, Nord Security provides a range of privacy and online security products for consumers and businesses…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.