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ETF Digest

Hacking for good: ETF Partners invests €3.8 million in Intigriti, a leading cyber security company channelling the knowledge and power of ethical crowd hacking


17 June 2020


June 2020 – Aalst, Belgium

ETF is pleased to announce its €3.8 million investment into Intigriti as part of a total round of €4.1m, the rest being subscribed by business angels in the cyber security industry. Intigriti is an innovative cyber security company working with Europe’s largest ethical hacking community to test the security of its clients’ technologies and systems. The investment will be used to fund the company’s international growth, and to develop specific programmes for companies delivering sustainable solutions.

By harnessing the “wisdom of the crowd” – specifically, the knowledge and experience of the ethical online hacking community – Intigriti offers its clients continuous vulnerability testing. Its community of hackers test the areas that the client has selected and receive a pay-out – a ‘bug bounty’ – only if they uncover a genuine vulnerability. Intigriti’s top-of-class managed services help clients design, manage, and quality control their bug bounty programmes, incoming vulnerability reports and pay-outs.

Intigriti was founded in 2016 by its CEO, Stijn Jans, then an experienced cyber security consultant and entrepreneur who saw the need for a company like Intigriti in the market. Together with his strong team in Belgium, Stijn has developed one of the market-leading ethical hacking security companies with over 75 customers and the most active ethical hacking community in Europe.

“Intigriti is directing significant resources to grow its support for companies working to deliver sustainable technologies. Sustainable solutions based on the introduction of new technologies such as sensors, cloud computing, AI, or automation are being developed and implemented at an unprecedented pace for people, cities and industries – allowing them to thrive whilst reducing the environmental impact. But a lot of these digital and decentralized systems are vulnerable to malicious hackers, as they hold lots of personal data, with backdoor access points to critical infrastructure,” said Remy de Tonnac, Partner at ETF. “But, hackers are not all bad, far from it! Intigriti’s “crowd” of ethical hackers are perfectly positioned to address the needs of the sustainable economy, securing vital sectors such as smart cities, IoT systems, smart grids, connected cars and the sharing economy.”

Stijn Jans (CEO) said: “We wanted to work with an investor that shares the same worldview as us – wanting to make the world a better and safer place. Our great and creative community of ethical hackers are helping companies develop and innovate at a faster speed, knowing that their assets are always being tested. The range and depth of Intigriti’s ethical hacker community guarantee our diverse group of clients that their systems will always be tested by experts in the relevant field.”

“ETF is very excited to be working with Intigriti as they continue to help companies tackle the reality of cyber security threats in an increasingly digital world,” said Kajsa Johansson, Associate at ETF. “We have been very impressed by their dedicated team, strong customer satisfaction and commitment to sustainability”.

About Intigriti

Intigriti is a pioneering cyber security company that channels its community of ethical hackers to test their clients’ websites and applications for vulnerabilities. Intigriti works with over 75 clients across a wide array of sectors, from small tech start-ups to large banks and airlines. The team works together with Europe’s largest ethical hacking community, and, with their strong focus on innovation and outstanding customer service Intigriti will continue to grow internationally.

For more information, please visit: www.intigriti.com

About ETF

ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Our funds come from institutional investors, global corporations and family offices. We create value by investing in technology companies that make a difference. We call it ‘sustainability through innovation’. For more insight into ETF Partners’ view on Sustainability through Innovation, please read our investor briefings.