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MindYourPass, a leading provider of solutions for
password management and digital security, announced on 23 May 2023 that Value Creation Capital has invested in the company. The investment will be used to drive MindYourPass' growth and further accelerate product development.
MindYourPass offers a unique password management solution for individuals and organisations that cleverly combines security, convenience and privacy. Unlike traditional password solutions, MindYourPass does not store passwords in a safe, but calculates them using a formula. As a result, the risks of a vault are absent and passwords always meet the highest quality requirements without any difficulties for users. MindYourPass can also actively enforce and monitor organisations' password policies. With this, password security finally becomes measurable and manageable. MindYourPass therefore delivers auditable online security. MindYourPass is easy to implement and can be used directly on any online application.
"MindYourPass has experienced impressive growth and has developed a strong team and a unique, patented technology that clearly differentiates it from existing password managers, which are repeatedly in the news when it comes to their vulnerabilities," said Aldebert Wiersinga, partner at Value Creation Capital. "We are excited to invest in the company and work together for further growth and success."
"Value Creation Capital's investment enables us to accelerate our growth ambitions and further strengthen our position as a leading provider of password management and digital identity solutions," said Merijn de Jonge, CEO of MindYourPass. "We are very pleased to partner with Value Creation Capital as they are experienced tech entrepreneurs and we therefore look forward to a successful partnership."
MindYourPass is a leading provider of unique password management and digital security solutions. Headquartered in Eindhoven, Netherlands, MindYourPass was founded in 2019. Since then, it has experienced significant growth and built a strong reputation as a reliable and innovative partner in the field of cybersecurity. The company serves clients in various sectors, including government.
Bilthoven-based Value Creation Capital (VCC) is a tech investor, founded in 2005 by a series of ICT entrepreneurs, focused on actively supporting innovative and fast-growing technology companies in Deeptech, AI and Cybersecurity. With the investment in MindYourPass, VCC expands its Security of Things Fund portfolio in the cybersecurity market.
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