Tikehau Ace Capital Invests in Vade Secure
Paris – Paul Hastings (Europe) LLP advised Tikehau Ace Capital in connection with its investment in Vade Secure (Vade), an international pioneer in threat detection and response technology with artificial intelligence to email-borne cyberattacks, including malware/ransomware, spear phishing/business email compromise, and phishing.
Vade, an international pioneer in threat detection and response that already monitors one billion email messages worldwide, has announced that it has raised €28 million (~$30 million) from Tikehau Ace Capital, the French government, through French Tech Souveraineté, which is part of France 2030, led by the General Secretariat for Investment and operated by Bpifrance, and Auriga Partners. The company intends to proceed with a new, more substantial round of financing in the coming months.
The latest round of funding will further accelerate Vade’s international expansion and provide additional investment to enhance its already industry leading cybersecurity products for Internet Service Providers (ISPs), MSPs and small and medium businesses. The company also plans to put increased emphasis on developing MSSP-tailored solutions with simple, rapid installation and high efficiency.
Vade has become a global cybersecurity SaaS leader, recognized by G2 as a leader in email security and cloud email security. The company has experienced over 100% growth in its flagship product, Vade for M365, an email security product that is purpose built for MSPs. The company has also grown to almost 200 employees and anticipates growing its staffing by another 80 employees by the end of this calendar year.
The Paul Hastings team, which advised Tikehau Ace Capital on this transaction, was led by Guilhem Bremond and Charles Cardon (Partners) and included Magali Bertrand and Jordan Jablonka (Associates) on the corporate and contractual aspects, as well as Olivier Vermeulen and Marc Zerah (Partners) and Peter Pedrazzani (Associate) on the financing aspects.