Venture hub Ecartic has completed its Series A funding round for group venture BlufVPN® by raising a significant amount of capital and bringing in seasoned investors from fintech and digital consumer businesses to give it strategic edge in it’s growth phase.
BlufVPN® will introduce the virtual private network product to several key European and Latin American markets in the upcoming months after its recent completion of a brand and user interface overhaul. With an ever-growing awareness of the need for consumer online privacy, BlufVPN® aims to be the number one online privacy product in Europe by 2025.
Miko Salo, CEO at Ecartic, said: “We know how competitive the virtual private network market is these days. However, with a clear positioning and relevant product offering, we see tremendous potential in BlufVPN attacking the growth in key markets around the world, not just in the VPN sector but in online privacy as a whole. We are excited to bring on board such a super group of investors and look forward to the upcoming challenges.”
Sami Koponen, Managing Director at Bluf, said: “Consumers are increasingly aware of online privacy and as a result the market is burgeoning. The increasing number of news regarding data breaches, not to mention the ever-growing list of data brokers, has resulted in a heightened demand for VPNs. However, there is a lot more to the market than simply brute security and BlufVPN® brings more value to its users through upcoming product releases. The investment allows us to kick start our user acquisition in strategic markets by utilising Ecartic’s strong digital marketing expertise. ”
Ecartic is a venture hub based in Tallinn, Estonia, which owns and operates several ventures within the ecommerce and digital marketing industries. It’s backed by venture capital fund Yolo Investments. For more information: