Wire pitch deck to raise $21m Series-B round

This is the Wire pitch deck to raise a $21m series-b round in 2021.

About

Wire is the most secure collaboration platform, transforming the way businesses communicate at the same speed and with the same impact that our founders disrupted telephony with Skype.

Headquartered in Berlin with offices in Switzerland and San Francisco, Wire’s award-winning collaboration and communications platform counts over 1,800 government and enterprise customers worldwide, including EY, Fortum, the German government and four other G7 governments. Recognized for its secure collaboration platform as a leader and high performer by G2 Crowd, IDC, Forrester and Gartner, Wire offers messaging, audio/video conferencing, file-sharing, and external collaboration – all protected by the most advanced end-to-end encryption.

A super-private messaging app that pitches itself as the “most secure collaboration tool for work” has raised $21 million as it aims for widespread expansion.

Munich-based Wire, which is backed by Skype cofounder Janus Friis, raised the funds in a Series B round after it was “flooded” with customer requests throughout the pandemic.

Wire is among a batch of business-to-business communication firms jostling to take advantage of the growing shift towards hybrid working where employees divide up their time between working remotely and in the office.

The company raised the funds in a round led by German venture capital firm UVC Partners after reporting three times annual revenue growth last year.

Wire says its encryption technology is more advanced than other market players such as Slack, Zoom, or Signal. The software generates new encryption keys for each message or call, meaning that if a hacker ever breached its system they would only ever gain access to one message that was out of context.

“If you have $1 million and you don’t want anyone to steal it, you go and buy the best safe you can buy and put your money in the safest encryption algorithm,” Wire chief executive Morten Brøgger told Insider.

“There will still be criminals making a business case as to how much time and effort and risk is associated with hacking into the safe. In Wire, the $1 million is in $1 notes and put in a million different safes. There is just no longer a business case.”

The company offers its service as a subscription starting at €4 per seat for its entry-level Wire Pro service. It has projected to hit $10 million in annual recurring revenue this summer and Brøgger has tipped that figure to hit the “teens” before the end of the year.

Funding rounds

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors
Apr 14, 2021	Series B – Wire	5	$21M	UVC Partners
Mar 25, 2020	Venture Round – Wire	3	$6.3M	—
November 13, 2019	Venture Round – Wire	1	$8.2M	Morpheus Ventures