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New Atlantic Ventures Leads $1 Mln Round for Spotflux

Spotflux said Wednesday that it raised $1 million in new funding led by New Atlantic Ventures and group of angel investors, including Paris-based Kima Ventures. Spotflux, of New York, is a free application that lets consumers connect to the Internet with privacy protection.

PRESS RELEASE

Spotflux officially opens its doors today, introducing a free application that allows consumers worldwide to freely connect to the Internet with unprecedented privacy protection. Since its inception less than a year ago, adoption of Spotflux has grown exponentially, with more than 100,000 users across the globe depending on Spotflux to provide a more private, secure, and less restricted Internet experience. As part of its formal debut on Windows and Mac computers, Spotflux also announced today that it closed its first round of funding, led by New Atlantic Ventures and joined by a group of angel investors, including Paris-based Kima Ventures. The $1 million in new venture capital will be used to meet global user demand by advancing Spotflux’s technology, enhancing the consumer application and for worldwide brand building.

“Everyone online today has lost control of their privacy. Big companies like Facebook, advertisers, employers and governments look at everything you do online, and before Spotflux, no one was looking out for you,” said John Backus, founding managing partner, New Atlantic Ventures. “We invested in Spotflux because of these emerging privacy concerns and its universal appeal to the 1.2 billion people using the Web. Consumers, policy makers and activists are fighting the privacy issue hard but they often face a daunting and cumbersome process. Spotflux has removed the burden for more than 100,000 customers across 121 countries – before its formal launch – demonstrating that consumers are actively seeking a more secure, more private, more open Internet.” With the initial round of funding, Mr. Backus joined the board of directors.

Spotflux is a free application and allows you to connect to the Internet with unprecedented privacy protection from any computer, anywhere in the world. Spotflux gives you the freedom to use the Web like you always have, from shopping to social media, without unwittingly giving away private information like your location and where you spend your time online. Expensive off-the-shelf Internet protection tools protect you from traditional online threats but fall short by failing to understand that most threats to privacy can come from common websites or applications. Spotflux bridges this gap by providing an all-encompassing free, cloud-based solution to your online security and privacy. Spotflux gives you an easy to use, secure, limitless connection to the Internet by protecting your identity and fully encrypting your Web connection.

“We created Spotflux to give consumers the opportunity to take back control of their privacy online,” said Dean Mekkawy, co-founder, Spotflux. “There is a large gap between what consumers are willing to share online, and what’s actually being shared without their consent. Spotflux is bringing security, access, and privacy back to the web for everyone.”

Founders Dean Mekkawy and Chris Naegelin are technology entrepreneurs who have spent more than a decade solving large-scale information security challenges in the financial and public sectors. Mr. Naegelin is an award-winning technologist recognized for his enterprise-level contributions to the open-source community and as a contributing author to a widely adopted risk management framework. Both Mr. Naegelin and Mr. Mekkawy, were named two of the top 30 Entrepreneurs Under 40 by Bisnow in 2011.

About Spotflux

Spotflux is a free application that allows consumers worldwide to freely connect to the Internet with unprecedented privacy protection. Spotflux shields you from spyware, cookies, adware and other malicious software that stick to your computer and simultaneously gives you secure, unrestricted access to the Web anywhere in the world. Founded in 2011, Spotflux is based in Brooklyn, New York and funded by New Atlantic Ventures, Kima Ventures and a group of angel investors. To sign up or for more information, go to Spotflux.com.