Startups

Platform that helps security teams manage and resolve automated privacy incidents in compliance with CCPA and GDPR.

Summary

Seedtable Score
  • 50
Locations
Company Size
  • 11 to 50 employees
Last Stage Round
  • Seed

Insights

This section hypothesizes why Soveren can be a $10 billion dollar company in 10 years, in 10 lines or less.


Soveren, based in London, offers a vital tool for security teams dealing with privacy regulations like CCPA and GDPR. By automating the management and resolution of privacy incidents, it addresses the inefficiencies and errors of manual monitoring. This focus on compliance reduces risks of legal penalties and data breaches, providing an advantage over traditional methods. Backed by investors such as LocalGlobe, Northzone, and Firstminute Capital, Soveren has strong financial support to scale its SaaS B2B platform. This strategic positioning and robust backing suggest it has solid potential to gain traction in the growing privacy and security market, helping businesses avoid hefty fines and reputational damage.

Total funding Amount

$6.5M

Fundraising History

  • Nov 01 '21 Seed
    $6.5M

Investors

  • Northzone
    Seed
  • Local Globe
    Seed
  • Firstminute Capital
    Seed