Entersekt, a South African-based leader in push-based authentication and app security solutions, has successfully raised a new round of funding with participation from Endeavor Catalyst. This marks Endeavor Catalyst’s inaugural investment in a South African company, underscoring Entersekt’s significant growth and potential in the global cybersecurity landscape.
The newly secured capital will enable Entersekt to bolster its international expansion efforts and enhance its research and development initiatives. The company’s innovative approach combines digital certificate technology with mobile platforms to provide robust security solutions, protecting millions of devices and transactions daily.
Endeavor Catalyst, the co-investment fund of global non-profit Endeavor, exclusively invests in companies led by Endeavor Entrepreneurs that have raised equity financing rounds of over $5 million from professional venture capital or growth equity funds. The fund’s participation is contingent upon the company’s eligibility through Endeavor’s rigorous selection process, which includes multiple stages of evaluation to assess the entrepreneur’s potential and the business’s scalability.
Founded in 2008, Entersekt has expanded its presence to 45 countries, serving a diverse clientele across various industries. The company’s solutions are integral in facilitating secure, cashless transactions, contributing to the global shift towards digital economies. With the support of Endeavor Catalyst and other investors, Entersekt is poised to further its mission of enabling secure digital interactions worldwide.
As Entersekt continues to innovate and expand, its collaboration with Endeavor Catalyst exemplifies the power of strategic partnerships in fostering global entrepreneurship and advancing technological solutions in the cybersecurity domain.
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