On EQT Ventures’ portfolio company Baffin Bay Networks’ acquisition by Mastercard 👏👏👏

Expanding the Stockholm-based cybersecurity company’s cloud-based threat protection platform across the globe

Baffin Bay, located between the southwest coast of Greenland and Baffin Island. Photo by Joakim Sundberg, founder and CTO, from a flight from Europe on the way to the Black Hat conference in 2017

Five years after EQT Ventures’ first investment, Stockholm-based Baffin Bay Networks today announce their acquisition by Mastercard 🥳. The partnership will enable Mastercard to better protect businesses from the rapidly evolving cyber threats in today’s digital landscape.

A massive congratulations to Joakim, Andreas and the rest of the team — well deserved — and a big shout out to Stefan Lindeberg and Tyler Crowley, who introduced us back in the day.

Here’s the investment announcement Medium post from back then

This has been quite a journey, huge thanks for letting us join. We’re super impressed of what you’ve built, I’ve had a blast, and I hope we I will continue getting recipes via text message even after I’m not on your board (picture of lasanga below).

Ending the article with a feel-good c ollage:

A very happy Joakim together with Stefan Lindeberg and Misha Logvinov at Blackhat and Defcon 2019. Beneath, the Baffin Bay Networks on Stage at Sthlm Tech Fest, and one of many times I’ve spilled my coffee in the Baffin Bay Networks office. And a piece of lasagna Joakim has cooked.

Hooray!