LogPoint raised $30m in Series B funding from Digital+ Partners.

LogPoint, a Copenhagen, Denmark-based SIEM (security information and event management) provider, announced closing a series B funding round of $30 million.

The money was raised from investors led by the German growth VC company Digital+ Partners and will enable LogPoint to enter the next phase of growth, fueling expansion in new markets and providing for continuous enhancement of the LogPoint SIEM and UEBA Solution.

Existing investors Evolution Equity Partners from USA and Dico from Denmark also participated in the round.

LogPoint, founded in 2008 by Søren Laustrup and led by CEO Jesper Zerlang, provides enterprises solutions that enable to proactively monitor their networks and rapidly detect and respond to cybersecurity threats and fulfills compliance and regulatory requirements, including auditing guidelines, ISO standards, UK GPG13 and the European Union GDPR.

The company records double-digit ARR growth, and has grown from 30 to 200+ employees with offices in the United States, Germany, United Kingdom, France, and Sweden.

Prior to this deal, in 2017, Logpoint raised $10M.