Battery Ventures intends to help Guardsquare grow exponentially in the coming years, planning to increase its turnover from EUR 7.3 to EUR 100 million by 2024. To achieve this, Guardsquare will focus primarily on investments in marketing in the US, capitalizing on the brand awareness and reputation of Battery Ventures.

The 35-year-old venture capital group has already raised USD 6.9 billion over the years and invested in more than 300 technology companies. It has brought dozens of businesses to the stock exchange or sold them to well-known buyers such as Apple or Google.

In November, Guardsquare won Deloitte’s Technology Fast 50 Award as the fastest-growing technology company based in Belgium. The company currently serves more than 650 customers in over 70 countries.