NitroSecurity Raises $10 Million

NitroSecurity Inc., a Portsmouth, N.H.-based provider of unified information security solutions, has raised $10 million in new VC funding. NewSpring Capital led the round with a $7 million investment, while return backers First Analysis and Brookline Venture Partners also participated. The company has now raised over $23 million. It had filed for an IPO last year, but pulled the offering this past May due to “difficult market conditions.”

 

PRESS RELEASE

 

NewSpring Capital, of Radnor, PA and Short Hills, NJ, announced today that NewSpring Ventures, the dedicated growth and expansion stage venture fund of the NewSpring Capital fund family, led a $10 million round in NitroSecurity, Inc. with a $7 million investment. The round was also supported by NitroSecurity's current investors, First Analysis and Brookline Venture Partners.

 

Based in Portsmouth, NH, NitroSecurity is a leading provider of Unified Information Security solutions for more than 500 companies across many market verticals. “NitroSecurity is well positioned to address the major network security challenges that organizations of all shapes and sizes face today