Orbik Cybersecurity — Seed (estimated) · €1.8M

Orbik Cybersecurity closed a €1.8M round when it converted from a limited company into a mixed cooperative, the first tech start-up in the Basque Country to do so. The Basque Government put in €250K through SPRI's Basque Tek Ventures programme, and MONDRAGON and IKERLAN provided the rest. This was part of their agreement to mobilise more than €10M over four years. No lead or stage was stated. Revenue in 2024 was €700K, with 20+ staff.