33N
Venture capitalLisbon · Seed–Series B · 51 people tracked
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Investment thesis
33N is a European VC firm investing globally in frontier Cybersecurity, AI, and Defense companies aiming to secure and power the AI era. With over a decade of experience, the firm has made 25+ investments, backed three unicorns at their earliest rounds, and deployed more than €200M since 2014. It emphasizes unique data, knowledge, and relationships, supported by a network of 50+ CISOs, AI and data leaders, and operators organized into a CISO Circle and an AI & Data Circle. These forums connect portfolio companies with customers, channels, and technical talent to accelerate their growth into global category leaders.
Source: firm website, verified Sep 27, 2026.
Team · 51 people
from the firm's website & curated & public directoriesFounder mafia
The 33N mafia →8 people who came through 33N went on to found or lead other companies.
What they invest in
from 27 of 31 portfolio companiesCybersecurity ×21SaaS ×19AI & Machine Learning ×16Enterprise Software ×16Developer Tools ×9Cloud Computing ×8Data & Infrastructure ×3Fintech ×2
HQs:United States×5Germany×1Spain×1Israel×1Italy×1New Zealand×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×42 founders×103 founders×24+ founders×1
Where their founders studiedfrom 15 founders with education data
Massachusetts Institute of Technology ×3The Academic College of Tel-Aviv, Yaffo ×3Tel Aviv University ×2
What their founders studiedfrom 17 founders with field-of-study data
Computer Science ×11Business & Management ×5Engineering ×3Economics ×2
Where their founders worked beforefrom 22 founders with career history
Israeli Air Force ×3Feedzai ×2OWASP ×2
Investments · 31 tracked
founders shown can be your intro pathBy year:2025 · 32024 · 22021 · 12018 · 28 dated
Acoru is a fraud prevention and cybersecurity company founded by former Buguroo/Revelock leaders, focused on detecting and preventing online fraud at scale.
AI & Machine LearningCybersecurityFintech
Pablo de la Riva Ferrezuelo(Co-founder)inDavid Morán(Co-founder)in
Co-investorsAdara VenturesAthos Capital
Apono provides an access management platform that replaces standing privileges by granting scoped, just-in-time access at runtime and automatically revoking it.
Cloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareSaaS
Sara Teare(Founder)Rom Carmel(Founder)inOfir Stein(Founder)in
Co-investorsAccelBackbone AngelsMatrixMeron CapitalMindset VentureNew Era Capital Partners+11 more
Arctic Wolf provides managed detection and response (MDR) services with 24x7 security teams that detect, investigate, and respond to threats using an open XDR platform processing trillions of events weekly.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSEden Prairie, US
Brian NeSmith(Founder)inKim Tremblay(Founder)
Co-investors1435 CapitalArtisanal VenturesBlue Cloud VenturesBlue Owl CapitalBright Pixel CapitalClearSky+21 more
Aryaka provides managed SD-WAN and SASE networking and security services delivered over a global cloud network for enterprise customers.
Cloud ComputingCybersecurityEnterprise SoftwareSan Mateo, US
Ashwath Nagaraj(Executive Officer, Director)inAjit Gupta(Executive Officer, Director)Matt Carter(Executive Officer, Director)inSonal Puri(Executive Officer)inShailesh Shukla(Chief Executive Officer & Chair of the Board)Darin McAreavey(Chief Financial Officer)in
Co-investorsRealization Capital PartnersThird Point VenturesAltos VenturesDTCPMohr Davidow VenturesNexus Venture Partners+3 more
Bagel AI is an AI-powered platform that connects product and go-to-market teams by integrating with existing tools to translate customer feedback and product metrics into revenue-driven business decisions.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareMarketing TechSaaS
Co-investorsAlliance DAO (ex DeFi Alliance)Tachles VC
Barracuda provides a suite of cloud-based and on-premises cybersecurity solutions protecting organizations against email threats, data loss, network attacks, and application vulnerabilities.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Co-investorsFrancisco PartnersSecha CapitalSequoia CapitalTen Eleven
Bitsight provides a cyber risk intelligence platform that monitors entities across the internet to identify vulnerabilities and emerging threats in real time.
AI & Machine LearningCybersecurityData & InfrastructureEnterprise SoftwareSaaSCambridge, US
Nagarjuna Venna(Founder)inStephen Boyer(Founder)inShaun McConnon(Executive Officer, Director)Robert T Turner(Executive Officer, Director)Elizabeth Fischer(Executive Officer)inBrian Cohen(Executive Officer)in
Co-investorsAlphaDriveCapital Midwest FundComcast VenturesFlybridge Capital PartnersGlobespan Capital PartnersMenlo Ventures+9 more
Codacy provides tools that help engineering teams improve code quality and security.
AI & Machine LearningCybersecurityDeveloper ToolsSaaSLisbon, PT
Jaime Jorge(Founder)inJoão Caxaria(Founder)inKendrick Curtisin
Co-investorsArmilar Venture PartnersBright Pixel CapitalFaberCaixa CapitalEQT VenturesIberis Capital+1 more
Cybersixgill (Bitsight) provides cyber threat intelligence that captures and processes emerging threats, TTPs, IOCs, and risk exposures, alerting security teams to risks such as compromised credentials, vulnerabilities, ransomware, and adversaries.
AI & Machine LearningCybersecuritySaaS
Co-investorsBright Pixel CapitalTerra Venture PartnersElron VenturesOurCrowdREV Venture PartnersSonae IM
DataGalaxy provides a governance platform that connects technical and business teams to manage data and AI as a driver of organizational value rather than a compliance burden.
AI & Machine LearningData & InfrastructureEnterprise Software
Seb
Co-investorsAV8 VenturesNewfund CapitalEvolem
Cloud-native workload protection platform designed for protecting applications on containers, VMs and serverless environments
Co-investorsAllegisCyber CapitalBright Pixel CapitalChiratae VenturesSonae IM
Equixly runs a continuous penetration testing platform that uses an autonomous "Agentic AI Hacker" to discover, attack, and validate applications and APIs in production, uncovering business logic flaws, authorization failures, and multi-step exploit chains.
AI & Machine LearningCybersecurityDeveloper ToolsSaaS
Mattia Dalla Piazza(CEO & Founder)inAlessio Dalla Piazza(CTO & Founder)in
Co-investors360 CapitalAlpha Intelligence CapitalJME Ventures
Excellium Services, part of Thales, provides cybersecurity services including risk reduction, security operations centre monitoring, incident response, and cyber threat intelligence.
Cybersecurity
Co-investorsBright Pixel Capital
Exein builds runtime cybersecurity for Physical AI and connected devices, protecting firmware, AI agents, cloud workloads, and Linux-based systems on-device across industries such as industrial, automotive, and aerospace.
AI & Machine LearningCybersecurityIoTRome, IT
Gianni Cuozzo(Founder)inGiovanni Alberto Falcione(Chief Technology Officer)inGerardo Gagliardo(Chief Financial Officer)inGary Walshe(Chief Commercial Officer)in
Co-investorsBalderton CapitalBerliner Volksbank VenturesBlue Cloud VenturesGeodesic CapitalHV CapitalIntrepid Growth Partners+10 more
Feedzai provides AI-powered fraud detection and financial crime prevention for banks and financial institutions.
AI & Machine LearningCybersecurityFintech
Nuno Sebastião(Co-Founder, Chairman, and CEO)inPedro Bizarro(Founder)inNuno Sebastiao(Founder)inPaulo Marques(Founder)
Co-investorsArmilar Venture PartnersBonsai Partners SGEIC, SABright Pixel CapitalConexo VenturesDCVC (Data Collective)Dozen Investments+15 more
Hackuity provides a vulnerability management platform that aggregates security tools and uses risk-based scoring to prioritize and automate remediation of cyber threats for organizations.
CybersecurityEnterprise SoftwareSaaS
Co-investorsBright Pixel CapitalForgePoint CapitalSeventure PartnersSonae IM
IriusRisk develops ACSDA (Automated Cyber Security Design Assistant), a tool for real-time, automated security design and threat modeling of cloud infrastructure as code such as CloudFormation and Terraform.
AI & Machine LearningCloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareSaaS
Stephen De Vries(CEO of IriusRisk (now Chief Strategy Officer, ThreatModeler))inArchie Agarwal(Founder & Advisor)inKevin Gallagher(Chief Executive Officer)inKaren Higgins(Chief Financial Officer)inKrishna Bala(Chief Technology Officer)inMike LeBlanc(Chief Revenue Officer)in
Co-investors360 CapitalBright Pixel CapitalChamaeleonInveready Technology Investment GroupPaladin Capital GroupSonae IM+2 more
Jscrambler provides client-side security software that monitors and controls third-party and AI-powered scripts running in the browser to prevent supply chain attacks, data leaks, and code tampering.
CybersecurityDeveloper ToolsEnterprise SoftwareSaaS
Rui Ribeiro(CEO & Co-Founder)Pedro Fortuna(CTO & Co-Founder)
Co-investorsBright Pixel CapitalChamaeleonSonae IMAce Capital PartnersIberis CapitalPortugal Ventures
Link11 provides DDoS protection and cloud infrastructure services, serving enterprises that require network security and availability across a global infrastructure.
Cloud ComputingCybersecurityEnterprise SoftwareSaaS
Co-investorsData Point CapitalPride Capital Partners
MedUX provides Quality of Experience (QoE) solutions for testing, benchmarking, and monitoring of fixed and mobile networks.
AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareIoTSaaS
Luis Molina(CEO)inRafael González(EMEA SVP)inAlfonso Araujo(SVP, Product & Technology)inJorge Aguilar(Americas SVP)in
Co-investorsBright Pixel Capital
OutSystems provides an AI-powered development platform that enterprises use to build, deploy, and manage mission-critical applications and AI agents with built-in security and governance.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSGrand Duchy, US
Rui Pereira(Director)
BoardJoaquim Rodrigues(Director)inPaulo Rosado(Executive Officer, Director)inStephen Shanley(Director)Christian Resch(Director)Michael Pehl(Director)
Co-investorsArmilar Venture PartnersGoldman SachsBright Pixel CapitalChamaeleonGeneral AtlanticSolid Ventures+3 more
Panorays provides continuous monitoring and assessment of external attack surfaces and third-party cyber risks through automated scanning of digital assets across supply chains.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSTel Aviv, IL
Matan Or-El(Founder)inMeir Antar(Founder)inDemi Ben-Ari(Founder)in
Co-investorsAlephBlueRed PartnersGreenfield PartnersMoneta VCOak HC/FTSamsung Next+3 more
Portainer builds a container management platform that simplifies deployment and administration of containerized applications.
Cloud ComputingDeveloper ToolsEnterprise Software
Anthony Lapenna(Founder)inNeil Cresswell(Founder)in
Co-investorsAlt VenturesBessemer Venture PartnersBlack Nova VCBright Pixel CapitalMovacNZ Growth Capital Partners+2 more
Probely is a security testing platform that discovers APIs and web applications, finds their vulnerabilities, prioritizes them, and provides guidance on how to fix them.
CybersecurityDeveloper ToolsSaaS
Co-investorsBright Pixel CapitalChamaeleonSemapa NextShilling VCTIIN CapitalEDP Ventures+2 more
Reblaze provides a cloud-based security platform that detects and blocks attacks on web applications and infrastructure, including AI-powered DDoS protection, while also delivering content such as text, images, and video with low latency.
Cloud ComputingCybersecuritySaaS
Co-investorsBright Pixel CapitalJAL Ventures Ltd.Pride Capital PartnersSixThirty Ventures
SafeBreach offers a continuous threat exposure management (CTEM) platform that combines breach and attack simulation, attack path validation, and an AI agent to help enterprise security teams identify, prioritize, and remediate cyber risk.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaS
Guy Bejerano(Founder)inItzik Kotler(Founder)inMichal Weiner(Chief Financial Officer)inRaman Kumar(Chief Customer Officer)in
Co-investorsOCV PartnersBain CapitalDTCPBright Pixel CapitalDnx VenturesEmerald Development Managers+2 more
StrikeReady offers an AI-powered security command center that centralizes, analyzes, and operationalizes security data across an organization's entire security tech stack.
AI & Machine LearningCybersecuritySaaS
Alex Lanstein(CTO)in
Co-investors11.2 CapitalCriteria Venture TechHitachi VenturesMonta Vista CapitalOutliers VC
The page hosts "WeaveSlot", offering articles and services related to online slot gambling, including game reviews, demo play, free credits, deposit/withdrawal via True Wallet, and bankroll management tips for players.
ConsumerGamingLondon
Matthias Radestock(Founder)Alexander Richardson(Executive Officer, Director)Alexis Richardson(Founder)Brandon Rodman(Founder)inClint Berry(Founder)inJared Rodman(Founder)in
Co-investorsAccelBright Pixel CapitalGV (Google Ventures)Accel-KKRSonae IM
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AcoruAIAtheros CommunicationsMesh Security
Exits · 2
2 acquisitions · showing 1Atheros Communicationsacq. by Qualcomm
Portfolio news
latest coverage across their companiesExein · securityweek.com · Dec 18, 2025
Equixly · fintech.global · Dec 10, 2025
Apono · fintech.global · Nov 19, 2025
Acoru · finsmes.com · Oct 22, 2025
Frequently asked questions
- How many investments has 33N made?
- 33N has 31 tracked investments, 2 of which have exited, including 3 dated in the last 24 months.
- What stage does 33N invest at?
- 33N invests at the Seed, Series A, Series B stages.
- What is 33N's typical check size?
- 33N typically writes checks of $4.3M – $13M.
- What sectors does 33N focus on?
- 33N focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, Defense Tech, Enterprise Software, SaaS.
- Where is 33N located?
- 33N is headquartered in Lisbon, PT.
- Does 33N lead rounds?
- Yes, 33N leads investment rounds.
- Who does 33N co-invest with?
- 33N most often shares deals with Bright Pixel Capital, Chamaeleon, Armilar Venture Partners, among 130 tracked co-investors.
Images
Co-investors · 19
Bright Pixel Capital is an investment firm backing technology companies, with a strong focus on cybersecurity, retail tech, and infrastructure software across multiple geographies.
Portugal Ventures is a Portuguese venture capital investor backing early-stage companies across digital and technology, industry and technology, health technologies, and tourism sectors, investing from seed through Series D.
Accel is a venture capital firm that partners with exceptional teams, positioning itself as a first partner to founders globally.
360 Capital is a European venture capital firm active since 1997, investing in innovative technology startups across deep-tech, climate-tech and digital sectors.
JME Ventures is a Spain-focused seed-stage venture capital firm that backs founders building world-class solutions, having invested in over 70 startups since 2012.
GV (Google Ventures) is a venture capital firm that has invested in AI and machine learning since its early days, backing more than 100 AI companies across infrastructure, life sciences, and applications.
Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Balderton Capital is a European venture capital firm that backs technology startups.
Unusual Ventures is a venture capital firm focused on early-stage enterprise founders, supporting them from initial insight through to market leadership with a proprietary product-market fit playbook.
AllegisCyber Capital is a venture capital firm focused exclusively on cybersecurity investments, emphasizing deep domain expertise and operating experience.
Adara Ventures is an early-stage technology investor with roughly two decades of experience backing companies built on proprietary data, trust, domain depth and physical systems.
▶7 more co-investors
Swanlaab Venture FactoryIntel CapitalNextGen Venture PartnerseCAPITAL ENTREPRENEURIAL PARTNERSSands Capital VenturesSunvest Capital PartnersArctic Wolf
Firms observed investing alongside 33N, from public investor directories. Shared companies are the overlap with 33N's recorded portfolio.
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