“We were impressed by the scale of the projects CybExer is performing and the world-renowned names on their client list,” said SEB board member Ainar Leppänen. Photo: SEB
CybExer Technologies is a category leader in cyber preparedness, specializing in advanced cyber ranges and AI-driven solutions to train and assess security and IT teams globally. With a strong focus on innovation and growth, CybExer became the first recipient of SEB Baltic Venture Debt, reflecting its trusted role in enhancing cybersecurity resilience worldwide.
“We were impressed by the scale of the projects CybExer is performing and the world-renowned names on their client list. After interviewing CybExer’s international customers, it became clear that the company stands out in its industry, and CybExer’s Cyber Range service is one of the best globally. We are pleased to have such a high-profile partner for our first venture debt investment,” said SEB board member Ainar Leppänen.
“Over the past few years, we have demonstrated steady growth, and this financing allows us to accelerate our progress even further.”
Andrus Kivisaar, CEO of CybExer Technologies
1.5 million euro investment helps CybExer to accelerate growth
The bank invested 1.5 million euros into the company. “We are excited to be one of the first companies to receive the SEB Baltic Venture Debt financing. Over the past few years, we have demonstrated steady growth, and this financing allows us to accelerate our progress even further. We believe this marks the beginning of a great collaboration between SEB and CybExer Technologies,” said Andrus Kivisaar, CEO of CybExer Technologies.
SEB’s innovative financing program, Baltic Venture Debt, launched this spring, enables growth companies to raise funding without relinquishing their shareholding. The total volume of the program in Estonia and the Baltics is 20 million euros, with financing of up to 2 million euros available per company. The technology company CybExer is the first to receive financing under this initiative. SEB partnered with Nasdaq Baltic CSD in Estonia and Ellex Raidla for this deal.
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