Moxso, a Copenhagen-based cybersecurity startup turning human behaviour into risk intelligence, has raised €4.7 million in seed funding led by Seed Capital, with participation from Ugly Duckling Ventures and D2 Fund.
The investment marks Seed Capital’s first step into cybersecurity under a new strategy to back Denmark’s next generation of tech leaders. As part of the deal, Geeta Schmidt, former CEO of Humio (acquired by CrowdStrike in 2021), joins the company’s board.
“Moxso is tackling one of the hardest problems in cybersecurity. With the ambition and technology to become a global category leader, they’re the right company for our first cybersecurity investment,” said Geeta Schmidt, General Partner at Seed Capital.
Strong growth and momentum
The raise follows a €1.5M round last year and comes as the company has been selected for Google’s Growth Academy for Cybersecurity, quadrupled headcount, and tripled revenue to double-digit millions.
With the new capital, Moxso will:
- Accelerate AI-driven risk intelligence innovation
- Expand into new European markets
- Grow its engineering, product, and go-to-market teams
“Organisations don’t want another compliance checkbox. They want measurable, automated resilience — and this investment gives us the resources to deliver that at scale,” said Rune Boye Knudsen, CEO of Moxso.
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Human-centric defence
Founded by Rune Boye Knudsen and Mikkel Lindblom, the firm addresses the growing problem of personalised cyberattacks, which exploit individual weaknesses often overlooked by generic awareness training.
Instead of static templates, Moxso’s platform analyses live employee signals, builds dynamic risk profiles, and delivers targeted interventions — ensuring training adapts as quickly as attackers do.
“Every attack starts with a human decision. Moxso ensures those decisions tilt the odds back in the company’s favour,” Knudsen added.
Already active in Denmark, Sweden, Norway, and Finland, the startup is now gearing up for wider European expansion.
