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Venture Capital
worldtradeventures.com

Investments

16

Portfolio Exits

1

About World Trade Ventures

World Trade Ventures is an early-stage venture capital firm focused on deploying capital to companies in New York City which are building the next generation of market-disrupting technologies and businesses. The firm collaborates with inspired entrepreneurs who are driven to make a meaningful impact and passionate about changing the landscape in adtech, fintech, healthtech, big data and enterprise.

Headquarters Location

7 World Trade Center 10th Floor

New York, New York, 10007,

United States

212-739-9260

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Latest World Trade Ventures News

Sepio Announces Series B Funding

Dec 16, 2022

USA - English Share this article Share this article U.S. Venture Partners spearheads a new round of funding, joined by Citi Ventures, Bess Ventures, Stanford University, World Trade Ventures and market leaders, including Slavik Markovich and Intercontinental Exchange's CIO Mark Wassersug ROCKVILLE, Md., Oct. 25, 2022 /PRNewswire/ -- Sepio , the innovator of the physical layer-based asset risk management solution, ensuring customers can see, assess and mitigate the risk of all known and shadow IT assets at any scale, today announced a new series B round of funding. The round, led by U.S. Venture Partners (USVP), will support the growing company's sales organizations needed to address an exceeding demand from tier-1 enterprises for Sepio's solutions. It will also go toward allocating resources for Sepio's future product roadmap. Sepio's Chairman   Lane Bess , a renowned entrepreneur who made headlines for his trip to space aboard Jeff Bezos's Blue Origin's New Shepard, contributed to this round through his foundation Bess Ventures. Other investors included Citi Ventures, Stanford University, World Trade Ventures and market leaders including Slavik Markovich and Intercontinental Exchange's CIO Mark Wassersug. Supporters of Sepio's past significant investment rounds included Hanaco Ventures, Munich RE Ventures, Merlin Ventures, Pico Partners, additional private investors and Bess. The previous funding round, which occurred in November 2019, yielded $10 million, bringing the current funds raised to $37 million. Yossi Appleboum, CEO of Sepio, explained, "We are excited to continue our journey building a strong company that provides a robust – while easily deployed and used – solution to tier-1 customers. I'm honored and pleased that USVP is leading this round with the participation of Citi Ventures and the other investors, and I cannot wait to work with them in growing Sepio's market success. This provides a glimpse into more exciting developments we will unveil in 2022, 2023 and beyond." Appleboum continued, "So many companies are focused on cybersecurity. But we specifically tapped into asset risk management from the beginning when this was an inexplicably overlooked area. It has truly paid off. So many great minds are now recognizing asset risk management as a key cybersecurity challenge. We feel honored and rewarded for our efforts since Sepio's inception to increase the visibility of hardware security vulnerabilities. This funding will allocate resources as we see growing traction for global players. These organizations should be guaranteed fully operationalized cybersecurity – hardware cybersecurity is integral to that process." Gili Sahar, CFO of Sepio, added: "The new funding will allow us to expand our market presence and enhance our product offering. The continuous support of our existing investors with the addition of USVP and Citi Ventures as leading investors is a power multiplier that allows us to keep our fast growth in the next year." The industry analyst firm Frost & Sullivan   stated, "Sepio stands out from competitors based on its commitment to innovation, creativity and ability to launch new solutions with far-reaching impact and application. Sepio's solutions are vital for government agencies, financial institutions, critical infrastructure, managed security service providers, healthcare, manufacturing and retail. The company pairs its technology focus with customer-centric values, thus earning a solid reputation in the network access control market." Gartner also   shared its praise  of the company in its annual Cool Vendor Awards, writing "By providing enterprises with the ultimate visibility of what assets are on their network or are connected to their endpoints, Sepio empowers organizations to effectively secure networks and endpoints, significantly reducing attacks using rogue hardware to launch supply chain attacks or succumb to inside threats." The representative instrumental in leading USVP's series B funding for Sepio was Dafina Toncheva, a Silicon Valley-based general partner committed to investing in emerging technologies. "We research many Israeli cybersecurity companies on a day-to-day basis at USVP," explained Toncheva, "but Sepio caught our attention because it narrowed in on a challenge that other companies do not devote significant resources toward fixing. Security teams that need to manage the risks of their continuously expanding, uncontrolled ecosystem of connected assets first need to see them – as you cannot secure what you cannot see. Sepio's unique approach and algorithms cracked this nut and did so at scale. We've witnessed growing traction from tier-1 global enterprises successfully deploying Sepio's solution, and we are happy to support the company as it fortifies its leadership in this domain. I strongly believe that Sepio will continue to gain further recognition as it has a lot to offer in a world where cyber hygiene is in jeopardy. Prioritizing and  managing risks is crucial for every cybersecurity plan." About Sepio Sepio  provides the first hardware asset risk management platform based on device existence. The company's solution offers customers actionable visibility, policy enforcement and mitigation capabilities, allowing them to manage their assets' risk. The solution does not require any traffic or activity monitoring – and as such is use case and device agnostic, whether it is IT/OT/IoT or IoMT. If an asset connects to your infrastructure, Sepio will report it. At any scale, within less than 24 hours, you can see, assess and mitigate your assets' risks and strengthen your cybersecurity posture. Media Contact

World Trade Ventures Investments

16 Investments

World Trade Ventures has made 16 investments. Their latest investment was in SwiftConnect as part of their Series A on October 10, 2022.

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World Trade Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/26/2022

Series A

SwiftConnect

$17M

No

7

10/25/2022

Series B

Sepio Systems

$22M

Yes

8

9/29/2022

Seed VC

Onyxia

$5M

Yes

SilverTech Ventures, Undisclosed Angel Investors, and World Trade Ventures

5

6/21/2022

Series A

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$99M

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10

2/2/2022

Seed VC

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$99M

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10

Date

10/26/2022

10/25/2022

9/29/2022

6/21/2022

2/2/2022

Round

Series A

Series B

Seed VC

Series A

Seed VC

Company

SwiftConnect

Sepio Systems

Onyxia

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Amount

$17M

$22M

$5M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

SilverTech Ventures, Undisclosed Angel Investors, and World Trade Ventures

Sources

7

8

5

10

10

World Trade Ventures Portfolio Exits

1 Portfolio Exit

World Trade Ventures has 1 portfolio exit. Their latest portfolio exit was HyPR Brands on May 07, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/7/2020

Acquired

$99M

1

Date

5/7/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

World Trade Ventures Team

1 Team Member

World Trade Ventures has 1 team member, including current Founder, Jon Avidor.

Name

Work History

Title

Status

Jon Avidor

Founder

Current

Name

Jon Avidor

Work History

Title

Founder

Status

Current

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