Soveren announced $6.5 million in a seed funding round led by Firstminute Capital

Soveren, a London, UK-based software startup developing a platform that automates the detection of privacy risks, announced the completion of a $6.5 million seed funding round.

The money was raised from investors led by Firstminute Capital, joined by Northzone, LocalGlobe and multiple angel investors including Tom Killalea, Sergey Barysiuk, Peter Kazanjy, Sir Richard Branson’s family, Nikesh Arora, Nathan Blecharczyk, Manuel Weiss.

Soveren, founded in 2020 by a team of Russians - Andrew Zhulin, Dmitry Zhulin and CEO Peter Fedchenkov - developed a software platform that automates the detection of privacy risks and helping Engineering and Security teams implement continuous and automated privacy incident detection and remediation. The company, which has been working in stealth until now, says it is working with 10 lighthouse customers across software, e-commerce, travel, fintech, and healthcare in North America and Europe.