Manchester Business School student start-up, Zenguard, has just received six-figure investment funding from company builder, Project A Ventures. This follows a move to the investor-backed Axel Springer Plug and Play Business Accelerator in Berlin earlier this year.
ZenGuard’s first product is the one-click browser solution ZenMate that protects user’s privacy while surfing on the Internet. Installed by one click to the selected browsers, it encrypts the out- and incoming browser traffic.
The company was founded in Manchester in 2013 by MSc in Innovation Management and Entrepreneurship student Simon Specka and business partner Markus Hänel (photo left). They are the first graduates of IQuBit –The University of Manchester’s Technology Transfer office’s (UMIP) digital business accelerator – and won second prize in the technology category of the University’s Venture Further 2013 business start-up competition.
Simon commented: “The investment is a great chance to develop our product further, as well as for developing other products, expanding our user base, scaling of our team and professionalising our company structures. We are very happy to have one of the leading European experts in their respective fields on board.
The support at The University of Manchester was very helpful at the very beginning as it provided office space and a great network to work with and challenge our ideas.”
Dr Martin Henery, Venture Further Competition Director, commented: “This is exciting news and that even if you don't win Venture Further, your business concept can still be a success.
The drive and passion exhibited by Simon and Markus has transformed their concept into an exciting opportunity that investors want to get involved with. They’ve done a great job and I can’t wait to hear about what happens next.”
Visit the ZenGuard website >> https://zenguard.org/home
Find out more about Venture Further >> https://mec.portals.mbs.ac.uk/Enterpriseactivities/Competitions/VentureFurther.aspx
Discover more about IQuBit >> http://umi3.com/iqubit/