Gunderson Dettmer represented client Bradesco Private Equity & Venture Capital in leading the $7 million Series A financing of Tenchi Security, a technology company focused on third-party cyber risk management. Tenchi Security is pioneering solutions to enhance cybersecurity levels cooperatively and at scale across corporate ecosystems. The new capital will establish Tenchi as the leading national player in third-party cyber risk management, contributing to its future positioning as a global technology company.

In the announcement of the transaction, Managing Director of Bradesco Private Equity & Venture Capital Rodrigo Ragazzi said, “Bradesco has a solid institutional practice and culture in information security, and due to this synergy, we have always been interested in investing in this dynamic and high-growth market in our portfolio. Tenchi combines a solid investment thesis, experienced entrepreneurs, traction, and the opportunity to have a Brazilian cyber security pioneer that can become a global leader in its field.”

The Gunderson Dettmer deal team was led by Adan Muller and included Rafael Bellaver.

Companies
Bradesco Private Equity & Venture Capital
Tenchi Security