Nord Security, the Lithuanian startup renowned for its world-famous VPN application, NordVPN, has raised $100 million in its second funding round, bringing its post-investment valuation to $3 billion. The funding round was led by Warburg Pincus, a New York-based investment firm, with participation from the startup’s existing investors, Novator Ventures and Burda Principal Investments.

Established in 2012, Nord Security operates as an internet privacy and security provider for individuals and businesses. Its flagship product, NordVPN, boasts over 14 million users worldwide as of 2023, with subscription plans available on a monthly and yearly basis forming a core part of the company’s revenue model.

With operations in 20 global markets, Nord Security currently employs approximately 2,000 people across these regions. The recent funding will be utilized to scale up operations, accelerate growth through acquisitions, and expand the company’s product portfolio, with a focus on increasing its user base.

Tom Okman, Co-CEO and Co-founder of Nord Security, expressed the company’s future plans, saying, “We will continue to meet our users’ needs by providing a holistic approach to consumers’ and businesses’ cybersecurity needs. The new funding round, combined with the experience and knowledge of our investors, will place us in an even stronger position to make the Nord name synonymous with online privacy and security.”

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