Flow Partners advises Turkven

$24 million investment into Picus Security, a Breach and Attack Simulation (BAS) company

Picus Security

San Francisco, CA, US / Ankara, Turkey — 20 Oct 2021

Flow Partners acted as a financial advisor to a leading private equity firm Turkven on their $24 million Series B investment into Picus Security, a Turkey-based BAS company which simulates real-world cyber threats to enable enterprises to continuously assess and improve their security controls.

Turkven was the lead investor in the round, which also had the participation of existing investor Earlybird Venture Capital and industry veteran Nathan Dornbrook. Picus Security will deploy the new capital to accelerate expansion plans across North America, Europe, Middle East, Africa and the Asia-Pacific regions. The company which was founded in 2013 has now raised a total of $33 million to date.

About Picus Security

Picus’ Complete Security Control Validation Platform safely simulates real-world cyber attacks to continuously assess, measure and help optimize the performance of security controls. Picus validates controls at prevention and detection layers, including NGFW, SIEM and EDR tools, and supplies easy-to-apply, vendor-specific content to help security teams swiftly address threat coverage and visibility gaps. Picus is recognized by Frost & Sullivan as one of the most innovative vendors in the Breach and Attack Simulation market and is the most highly rated BAS vendor based on reviews posted to Gartner Peer Insights.

About Turkven

Turkven is a leading private equity firm with over $1.5 billion of AUM and a strong team of investment professionals based in Istanbul, focused exclusively on opportunities in Turkey. Established in 2000, Turkven was the first independent private equity firm in Turkey and has a fostered culture of company-building and sectoral expertise - underpinned by first-hand experience from its portfolio of leading firms across industries.

About Flow Partners

Flow Partners is a new-age technology advisory boutique, providing transaction advice to the companies and investors that shape the global digital ecosystem. Founded in 2020, the firm operates worldwide and has presence in London, Berlin, Warsaw and Miami. For more information, please visit www.flowpartners.io.


For all enquiries please contact the team at hi@flowpartners.io.