Passbolt, an open-source credential and access management platform for organisations, has raised $8m in a Series A funding round.
The investment was led by Airbridge Equity Partners, based in the Netherlands, with participation from existing investors Expon Capital’s Digital Tech Fund, ScaleFund, Seeder, Dedicated, Bondi Capital, Carricha Capital, and LBAN.
Notable industry veterans such as Christophe Bianco, co-founder of Excellium Services, and Xavier Buck, co-founder of Datacenter Luxembourg, also contributed to the round.
Founded in 2016, Passbolt offers an open-source password management solution designed to help technical teams securely manage and share access credentials. Its platform enables organisations to streamline credential management across IT, software development, and security infrastructure, while also providing the broader workforce with secure login access to productivity tools.
The newly secured funding will be used to accelerate product development and address complex security and regulatory requirements. The company plans to launch its next major release, Passbolt 5.0, aimed at expanding capabilities for its global user base of more than 400,000 daily active users. Additionally, Passbolt intends to scale its international sales and marketing operations to support growing demand, having already onboarded over 40,000 organisations and 2,000 paid customers worldwide.
According to Passbolt co-founder and CEO Kevin Muller, “Organisations are trapped between consumer-focused password managers and complex monolithic enterprise solutions that don’t meet the need for secure collaboration of agile teams operating in digital environments.
“We’re building a new type of credential and access manager for organisations of all sizes. It enables technical teams to collaboratively manage access to the organisation’s IT, software development, and security infrastructure. At the same time, it allows the broader workforce to automatically log into productivity tools and to share access credentials with colleagues securely.”
Passbolt previously raised $620,000 in pre-seed funding in December 2018, followed by $3.1m in a seed round that closed in January 2021.
Airbridge Equity Partners managing partner Rick van Boekel said, “Legacy password managers like Keepass or Bitwarden and Privileged Access Management (PAM) solutions such as CyberArk fall short for today’s cross-functional, distributed and agile teams.
“Passbolt’s organic traction across various industries confirms the demand for a more collaborative, enterprise-grade solution, and their impressive SaaS metrics prove that Passbolt users are delighted with the solution offered.”
Keep up with all the latest FinTech news here: here
Copyright © 2025 FinTech Global
Copyright © 2018 RegTech Analyst