Telefónica and Kibo Ventures invest in Blueliv

A joint commitment to the technological leader in the prevention of Internet fraud

  • Blueliv receives 2.5 million euros from Kibo Ventures, Telefónica Ventures and Roger Casals to develop new products and fund its international expansion
  • Blueliv’s flagship product is a revolutionary technology that protects organisations from credit card fraud, data theft and the latest generation of malware and cyber threats
  • Blueliv expects turnover to reach 25 million euros by 2017

12 February 2014, Madrid - Kibo Ventures, through the Amerigo Investment fund, Telefónica Ventures, the venture capital arm of Telefónica, and the entrepreneur Roger Casals, have jointly invested 2.5 million euros in the cyber security company Blueliv. The investment will be used to develop new products and fund the firm’s international expansion. This makes Blueliv the first joint investment between Kibo Ventures, a branch of the Amerigo Venture Capital network sponsored by Telefónica, and Telefónica Ventures. Telefónica will also support Blueliv through Telefónica Digital and its operating businesses in Europe and Latin America by including Blueliv solutions in its cyber security offer.

Organisations must be aware of what’s happening beyond their Information Systems and combat cyber threats that originate outside their companies.
Daniel Solis, CEO and Founder of Blueliv

Blueliv has developed a cloud-based solution that protects organizations from credit card fraud, data theft, and the latest generation of malware and cyber threats. In response to the needs of businesses and governments to stem the rapid transformation and evolution of cyber attacks, Blueliv has designed an innovative, highly valued technology that enables real time searches for threats originated outside the perimeter of a company’s Information Systems.

“Organizations must be aware of what’s happening beyond their Information Systems and combat cyber threats that originate outside their companies. Security vendors continue to offer technologies based on old conventional models and are unable to offer an active intelligent solution to malware and other persistent and increasingly sophisticated new threats,” explains Daniel Solis, CEO and Founder of Blueliv. “Confidence in the project on the part of Telefónica, Kibo Ventures and Roger Casals will help us achieve our goal of becoming an international leader in cloud-based against cybercrime technology.”

In the two years since its launch, Blueliv has obtained important clients in the financial, energy and telecommunications sectors in Spain and Latin America. A reinforcement of the shareholding structure – thanks to Kibo Ventures and Telefónica Ventures – coupled with Roger Casals’ business experience in the security sector, will enable Blueliv to consolidate its leadership position with its product and embark on international expansion in the United States, Latin America and Europe.

In the coming years, Blueliv expects to increase its turnover exponentially, reaching 25 million euros by 2017. Moreover, this year the company plans to double the number of cyber security and intelligence specialists.

According to Jack Leeney, US Head of Investing for Telefónica Ventures, “Cyber attacks have become a crucial issue for large enterprises that face constant attack. Blueliv is a differentiated threat management platform suitable for Telefónica’s customers of all sizes, providing an intuitive solution that can proactively monitor and protect businesses and their websites. We look forward to working with Blueliv to further grow this platform globally where it will continue to be crucial in the evolving security space.”

Javier Torremocha, a founding partner of Kibo Ventures, explains, “Cyber threats are rampant these days and they pose a serious risk to the current development of companies and governments.” He continues, “Blueliv’s cyber threat prevention solution, fits perfectly with our investment strategy, which focuses on innovative, globally applicable technology.”

In order to implement the capital increase, Blueliv received legal counsel from Rousaud Costas Durand (RCD), a law firm specialising in technological start-ups, innovation, and entrepreneurship. Kibo Ventures and Telefónica were advised by Baker & McKenzie.

About Blueliv

Blueliv, a cyber security technology company, aims to develop revolutionary solutions to suit the business reality and the current climate of fraud and Internet threats. Founded by certified and internationally recognized security experts, Blueliv endorses a model of cyber security and intelligence that prevents cybercrime and manages organizational risk.

Its cloud-based technology monitors and analyses cyber threats originating from outside the perimeter of a company’s Information Systems, in real time, in order to detect and combat credit card fraud, data theft, and the latest generation of malware and cyber threats.

Major international financial institutions and telecommunications companies are Blueliv’s clients and its shareholders include Telefonica Ventures, Kibo Ventures and Roger Casals.

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About Telefónica Ventures

Telefónica Ventures is the Venture Capital Group of Telefónica S.A. with offices strategically located in innovation hubs across the globe: Silicon Valley, London, Madrid, and Tel Aviv. As a unique corporate investor, the Venture Capital Group strives to make strategic investments in companies that are poised to dramatically improve the digital world. By leveraging the company’s 320 million customers worldwide, Telefónica Ventures is able to build strong and lasting relationships with innovative companies throughout the world.

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About Kibo Ventures

Kibo Ventures is a Venture Capital fund based in Madrid (Spain), with a preeminent position in the Spanish market and a Super Angel positioning. It is one of the most active Spanish investors in the early stages of digital companies, with over 20 companies in its portfolio. It currently manages €45M of the Amerigo Invierte Spain Technologies FCR fund, part of the Amerigo network, promoted by Telefónica and CDTI, which also includes a relevant group of institutional investors such as Mutua Madrileña, Axis, Rosp Corunna and other private investors.

Kibo Ventures invests both in Spain and abroad, mainly backing exceptional Spanish entrepreneurs with differentiated technologies and business models with the potential to scale globally, while maintaining an active involvement supporting the development of the companies in its portfolio.

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 About Roger Casals

Roger Casals has more than 18 years experience as entrepreneur of several software companies and has served different executive positions including Founder and CEO in most of them. Roger has had 4 successful exits, last one in 2013, selling PasswordBank to Symantec, where he is Senior Director, Product Management.

Additionally, Roger is Board Member, Partner or Investor at several companies such as Blueliv, PowerData, Lantares, MasMovil, MMiPhone and 3Scale.

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María Asín

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