# Guardsquare funding: rounds and investors

> Guardsquare has raised $30M across 3 rounds since 2014. Investors include Battery Ventures and Verdane. Every round with its source.

Source: https://millionrounds.com/company/guardsquare (Millionrounds; every figure on the page links to its filing or article)

Belgium · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Guardsquare*

3 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity Developer Tools

Funding summary Updated 26 Oct 2026

**$30M** raised across 3 rounds since 2014, from 3 sources

**$500K** Seed **$29M** Round

- **Latest round:** Venture Jul 2025
- **Biggest round:** $29M Round · Jan 2019
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2016 2018 2020 2022 2024

**$500K** Seed

**$29M** Round

**?** Venture

- **First round:** Seed, $500K
- **Biggest round:** $29M
- **Usual gap between rounds:** 6.4 years

## The rounds

- **Jul 2025** Venture **Amount undisclosed** *1 new* *1 returning* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [Verdane](https://millionrounds.com/fund/verdane) Source recorded
- **Jan 2019** Round **$29M** *1 new* [Battery Ventures](https://millionrounds.com/fund/battery-ventures) Reported by Tech.eu
- **Dec 2014** Seed **$500K** No investor was named in the report. From a historical funding record

## Founders and team

From Guardsquare's own website: 3 on the team.

- **Roel Caers** CEO
- **Sander Bogaert** CTO
- **Tim Dehaes** CFO

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2014 **Round** 2019 **Venture** 2025 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) [Verdane](https://millionrounds.com/fund/verdane)

## Everyone who backed them

[Battery Ventures](https://millionrounds.com/fund/battery-ventures) VC firm **2** rounds

[Verdane](https://millionrounds.com/fund/verdane) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=guardsquare).

## Quick answers about Guardsquare

### Who invested in Guardsquare?

Guardsquare's investors include Battery Ventures and Verdane.

### How much has Guardsquare raised?

Guardsquare has raised $30M across 3 rounds since 2014. One round did not disclose an amount, so the total is a floor.

### When did Guardsquare last raise?

Guardsquare's most recent round was a Venture in Jul 2025.

### What was Guardsquare's biggest round?

Guardsquare's largest round on record is $29M (Undisclosed round), in Jan 2019.

### Who backed Guardsquare first?

Guardsquare's first round on record, in Jan 2019, was backed by Battery Ventures.

### What stage is Guardsquare at?

Guardsquare's latest named round is a Venture, in Jul 2025.

### Where is Guardsquare based?

Guardsquare is based in Belgium.

## Companies like Guardsquare

In the same sector, and raised in the last eighteen months.

[**Timefold** $20M · Jun 2026](https://millionrounds.com/company/timefold)[**Aikido Security** $60M · Jan 2026](https://millionrounds.com/company/aikido-security)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Blacksmith** $131M · Oct 2026](https://millionrounds.com/company/blacksmith)[**Flapping Airplanes** $1.2B · Oct 2026](https://millionrounds.com/company/flapping-airplanes)[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)

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