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Shea & Company Advises Guardsquare on its Investment from Verdane

Guardsquare Profile

  • Guardsquare offers the most complete approach to mobile application security on the market, delivering the highest level of protection in the easiest possible way
  • Guardsquare’s software integrates seamlessly across the development cycle, from app security testing to code hardening to real-time visibility into the threat landscape
  • The company’s products provide enhanced mobile application security from early in the development process through publication, and more than 900 organizations worldwide across all major industries rely on Guardsquare to help them identify security risks and protect their mobile applications and SDKs
  • Guardsquare was founded in 2014 and is headquartered in Leuven, Belgium

Verdane Profile

  • Verdane is an independent specialist growth investment firm that partners with tech-enabled and sustainable European businesses
  • Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to invest inside two core growth themes: digitalization and decarbonization
  • Verdane has more than €8 billion in assets under management and its funds have made over 200 investments in fast-growing businesses since 2003

Battery Ventures Profile

  • Battery is a global technology-focused investment firm that has raised over $13 billion in capital since inception, working with companies across all investment stages in markets including software and services, enterprise infrastructure, consumer tech, healthcare IT and industrial technology and life-science tools
  • Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, New York, London, and Tel Aviv
I’m excited to embark on this new partnership with Verdane. It marks an inspiring and well-aligned progression toward our long-term vision. We will benefit from their expertise as, together, we take Guardsquare to the next level, significantly expand our market share, and increase our global reach through organic growth, ongoing product enhancements, and M&A

Roel Caers

CEO, Guardsquare

Guardsquare’s industry-leading mobile application protection is a critical cybersecurity service, and we’re excited to partner with Roel and the entire Guardsquare team to make this available for even more businesses globally. The company’s growth from a European to a global leader has been very impressive to behold, and we’re looking forward to supporting the company in its future journey

Morten Weicher

Partner, Verdane

  • Verdane’s investment in Guardsquare was announced on July 3, 2025; financial terms were not disclosed
  • Shea & Company served as the exclusive financial advisor to Guardsquare
Read The Press Release