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Nord Security

Nord Security sells consumer and business cybersecurity and privacy products, including NordVPN, NordLayer and NordPass, to individuals and companies worldwide.

CybersecurityVPNPrivacyPassword ManagementNetwork Security
ARR
$357M revenue (est.)
as of Oct 2026
Employees
1.8K
as of Oct 2026
Valuation
$3B
8.4× ARR
ARR / employee
$198K
revenue efficiency
About Nord Security

Nord Security makes the NordVPN, NordPass, NordLocker, NordLayer, NordStellar and Incogni products. Its customers are individual consumers and businesses, and it sells mainly through subscriptions. It raised $100M in 2022 at a $3B valuation, which made it a unicorn, and another $100M in 2023. Third-party estimates put revenue at about $357M (2025) and headcount at roughly 1,900 (2026). The company is a Tesonet spin-off.

Investors · 5

LeadWarburg PincusPrivate equity6 partners on file
BoardNovator Partners (Novator Ventures)Venture capital· Birgir Már Ragnarsson (Managing Partner at Novator Ventures)2 partners on file
BoardWarburg PincusPrivate equity· Chandler Reedy (Managing Director, Head of Strategic Investments and Co-Head of Business Services at Warburg Pincus)6 partners on file
InvestorBaltCapVenture capital3 partners on file
InvestorBurda Principal InvestmentsCorporate
InvestorGeneral CatalystVenture capital71 partners on file
InvestorNovator Partners (Novator Ventures)Venture capital2 partners on file
82 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

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