About 33N Ventures
33N Ventures is a venture capital firm founded in 2017. It is primarily based out of Porto, Portugal. As of Dec 2025, 33N Ventures is an active investor, having invested in 27 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and FinTech. Most recently it participated in the $***** Series A round of Equixly Overall, 33N Ventures portfolio has seen 3 unicorns and 9 acquisitions including key companies like OutSystems, Feedzai and Arctic Wolf. A lot of funds co-invest with 33N Ventures, with names like USVP sharing a substantial percentage of its portfolio. 33N Ventures has team of 28 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series B
Portfolio Unicorns
Portfolio Soonicorns
33N Ventures' List of Top Investments
33N Ventures has a portfolio of 27 companies, including 3 unicorns. Their most notable investments are in Exein and StrikeReady.Their portfolio spans across United States, Israel, Portugal and 6 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, FinTech and 4 other sectors, across stages such as Series A, Series B stages. Here is the list of top investments by 33N Ventures:1. OutSystems
Developer of a low-code platform with AI-powered application development capabilities. The platform enables the creation of enterprise applications and custom agents. It facilitates the automation of workflows and processes. The platform also allows for integration with existing systems.
Key facts about OutSystems
- Founded Year: 2001
- Location: Linda A Velha (Portugal)
- Annual Revenue: £0 - £1M as on Feb 28, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $803M
- Employee Count: 2,234 as on Jul 31, 2026
- Investors: Goldman Sachs Investment Partners, General Atlantic and 13 Others
- Latest Funding Round: Series F, Oct 30, 2022, $*****
- Highlight: Editors' Pick
2. Feedzai
Provider of an AI-native platform for fraud and financial crime prevention. The platform offers solutions for scam prevention, identity verification, fraud detection, and anti-money laundering compliance. It includes features such as new account fraud prevention, transaction monitoring, and risk management. The platform serves industries including retail banks, payment service providers, and government entities. It helps to ensure trusted digital identity and reduce compliance costs.
Key facts about Feedzai
- Founded Year: 2011
- Location: San Mateo (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $347M
- Employee Count: 880 as on Jul 31, 2026
- Investors: Sapphire Ventures, Demtech and 29 Others
- Latest Funding Round: Series E, Oct 02, 2025, $*****
- Highlight: Editors' Pick
3. Arctic Wolf
Provider of managed detection, incident response, and security awareness solutions. The company offers risk management, endpoint security, and cloud security posture management. It delivers security operations through its platform and concierge delivery model. The company provides cyber insurance, security operations warranty, and cyber jumpstart programs.
Key facts about Arctic Wolf
- Founded Year: 2012
- Location: Eden Prairie (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $879M
- Employee Count: 3,292 as on Jul 31, 2026
- Investors: Adams Street Partners, Owl Rock and 33 Others
- Latest Funding Round: Series G, Oct 06, 2022, $*****
- Highlight: Editors' Pick
4. Codacy
Platform offering automated code review solution. It supports multiple programming languages. The platform helps to maintain code quality by reviewing them. It enables developers to track the code and evolution of the project quality. It provides insights and allows developers to fix the issues.
Key facts about Codacy
5. Apono
Cloud based platform offering asset management software. It provides permission and access management software that enables members in securing access to sensitive cloud assets. It allows members to discover identities and service accounts and their permissions across cloud assets and data repositories and manage them.
Key facts about Apono
- Founded Year: 2021
- Location: Wilmington (United States)
- Stage: Acquired
- Total Funding till date: $54.5M
- Employee Count: 101 as on Jul 31, 2026
- Investors: Vertex Holdings, New Era Capital Partners and 9 Others
- Latest Funding Round: Series B, Nov 18, 2025, $*****
- Highlight: Acquired
33N Ventures' Year-on-Year Investment Trends
33N Ventures has invested in 27 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 4 investments. Its most recent first time investment was in Equixly and most recent follow-on round was in Exein.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 1 | 4 |
2024 | 2 | 0 | 2 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 1 | 0 | 1 |
2019 | 0 | 0 | 0 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
33N Ventures' Investments by Stage
33N Ventures has made 5 investments in Series A stage with an average round size of $11.6M and 3 investments in Series B stage with an average round size of $25.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 5 |
Series B | 3 |
Note: We have considered here, only first round of investments
33N Ventures' Investments by Sector
33N Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Artificial Intelligence - Industry Applications, High Tech and Industrial Goods and Manufacturing. Notably, it has invested in 24 Enterprise (B2B) companies, 24 Tech companies, 23 Software companies and at least 19 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 8 |
Enterprise Infrastructure | 7 |
Artificial Intelligence - Industry Applications | 1 |
High Tech | 1 |
Industrial Goods and Manufacturing | 1 |
Note: We have considered here, only first round of investments
33N Ventures' Investments by Geography
33N Ventures has made most investments in United States (5), followed by Italy where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 5 |
Italy | 2 |
Israel | 1 |
Spain | 1 |
Note: We have considered here, only first round of investments
33N Ventures' recent investments
33N Ventures has not made any investment in 2026 so far.Here are the most recent investments by 33N Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 09, 2025 | Italy | Series A | 8345 | [+3] | |
Nov 18, 2025 | United States | Series B | 8019 | [+2] | |
Jul 16, 2025 | Italy | Series C | 6882 | [+4] | |
Apr 24, 2025 | Spain | Series A | 4524 | [+1] | |
Jul 11, 2024 | Italy | Series B | 1688 | [+3] |
Unicorns in 33N Ventures' Portfolio
33N Ventures has 3 unicorns in its portfolio - Arctic Wolf, Feedzai and OutSystems. The most recent unicorn in their portfolio is Arctic Wolf. It became a unicorn in 2022, 5 years after 33N Ventures first invested in it.Here is a list of unicorns in 33N Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
62 | Provider of managed detection, incident response, and security awareness solutions | 2012 | Eden Prairie | Series G | sq{rpp{ | ||
66 | Provider of an AI-native platform for fraud and financial crime prevention | 2011 | San Mateo | Series E | iuzfqpp | ||
68 | Developer of a low-code platform with AI-powered application development capabilities | 2001 | Linda A Velha | Series F | leebpcc |
Acquired companies in 33N Ventures' Portfolio
9 companies from 33N Ventures' portfolio have been acquired. The most recent acquisition was Apono in Jun 2026 by 1Password for $*****.Here are 33N Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 15, 2026 | Nov 18, 2025 | Series B | 7286 | |
Jan 08, 2026 | - | - | 2723 | |
Nov 14, 2024 | - | - | 7330 | |
Nov 12, 2024 | - | - | 4235 | |
Jan 30, 2024 | - | - | 3070 |
Team profile of 33N Ventures
33N Ventures has a team of 28 members including 2 Partners, 1 Venture Partner and 2 Principals located in Portugal. 33N Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in 33N Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Lisbon | - | ||
Partner | - | - | ||
Venture Partner | - | - | ||
Principal | Porto | - | - | |
Principal | Porto | - | - |
Co-investors of 33N Ventures
Over the past 9 years, 64 investors have co-invested in 33N Ventures's portfolio companies. This includes funds and angels.
- Invested before 33N Ventures: Lightspeed Venture Partners, Meron Capital and 25 others have invested in rounds before 33N Ventures. There is 1 company where Lightspeed Venture Partners has invested before 33N Ventures and 1 company where Meron Capital has invested before 33N Ventures.
- Top Co-investors of 33N Ventures: 15 investors entered a company along with 33N Ventures. These include investors like USVP (1 company).
- Invested after 33N Ventures: A total of 22 investors have invested in 33N Ventures's portfolio after their investments. Top Investors include Blue Cloud Ventures (2 companies), Redpoint Ventures (1 company) and Knollwood Investment Advisory (1 company).
Recent News related to 33N Ventures
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Apono Raises $34M Series B to Redefine Privileged Access for the Agentic Eraintelligence360•Dec 27, 2025•33N Ventures, Vertex Ventures, Swisscom Ventures, USVP and 1 other
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Verona-based Equixly raises €10 million to scale its AI-driven platform for automated API security testingBebeez•Dec 09, 2025•AIC, JME Venture Capital, 33N Ventures, Equixly and 2 others
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Apono Secures $34M to Combat Cloud Privilege Sprawl with Zero Standing Privilege ModelSiliconAngle•Nov 18, 2025•Apono, USVP, 33N Ventures, Vertex Ventures and 2 others
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Acoru Raises €10M in Series A FundingFinSMEs•Oct 22, 2025•Acoru, 33N Ventures, Adara, Athos Capital and 4 others
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Italian startup Exein raises €70 million to build the “immune system for digital life”EU-Startups•Jul 16, 2025•Balderton Capital, Supernova Invest, Lakestar, 33N Ventures and 3 others
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Exein raises €15M for device-level IoT securityTech.eu•Jul 12, 2024•Exein, 33N Ventures, Partech Partners, United Ventures and 5 others
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North Texas-Based StrikeReady Raises $12M for AI Security Command PlatformDallas Innovates•Apr 10, 2024•StrikeReady, 33N Ventures, Hitachi Ventures, Mountain View Capital
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33N Ventures closes €50M for its cybersecurity and infrastructure software fund to invest across the globeZephyrnet•Jan 10, 2024•33N Ventures, Alantra, Mutua Madrilena, Caixa Capital and 3 others
