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§ Private Profile · Valencia, Comunidad Valenciana, Spain
A European privacy-focused cloud storage and productivity company offering encrypted, decentralized services for privacy-conscious users.
Internxt, a European privacy-focused cloud storage and productivity company, was founded in 2020 by Fran Villalba Segarra in Valencia, Spain. It offers encrypted, decentralized alternatives to mainstream tech services, providing a comprehensive suite of end-to-end encrypted products. Its suite includes Drive, Photos, VPN, Mail, Meet, Send, Antivirus, and Cleaner, all built with zero-knowledge architecture and distributed global servers. Targeting privacy-conscious consumers seeking secure Big Tech alternatives, Internxt has attracted over one million active users. The company, notably the first with post-quantum encryption, raised $1 million in seed funding in 2021, led by Angels Capital (owned by Juan Roig) and The Venture City. Its business model centers on internxt operates as a freemium subscription service offering privacy-focused cloud products. The company has raised funding through venture capital and previously through token sales.
Internxt has raised $131.1M across 8 funding rounds.
Internxt has raised $131.1M in total across 8 funding rounds.
Internxt is a privacy-focused technology company that builds secure cloud storage and related services, emphasizing zero-knowledge encryption, post-quantum cryptography, and open-source principles to protect user data from surveillance and breaches.[1][2][5] It serves individuals (primarily 24-34-year-olds concerned with privacy) and businesses seeking alternatives to Big Tech providers like Dropbox or Google Drive, solving the problem of data exploitation by corporations through end-to-end encryption where only users hold access keys.[2][3][5] Founded in 2020 in Valencia, Spain, Internxt has achieved over one million active users, 100% year-over-year net revenue growth, multiple profitable quarters, recognition in Deloitte's Technology Fast 50, and EU government support, positioning it as a fast-scaling European challenger in secure cloud storage.[2][4]
Internxt was founded in 2020 by Fran Villalba Segarra, who envisioned an internet that prioritizes user privacy, security, decentralization, and open-source principles over corporate exploitation.[1][3][4] Emerging from a frustration with privacy-light Big Tech services, the idea crystallized into Internxt Drive, the flagship cloud storage product launched that year, built as the first with post-quantum encryption and zero-knowledge architecture.[2][5] Early traction came via organic online marketing and ads, securing the first 100 customers and scaling to nearly one million active users by mid-2025, fueled by EU public funding and a small but effective team.[3][4][8]
Internxt rides the surging demand for privacy-centric tech amid rising data breaches, regulatory pressures like GDPR, and quantum computing risks, offering a European antidote to U.S. Big Tech dominance.[2][5][8] Its timing capitalizes on post-2020 privacy awareness spikes and EU digital sovereignty pushes, with government backing amplifying growth in a market projected to favor secure, decentralized storage.[2][4] Market forces like eroding trust in centralized clouds and open-source momentum work in its favor, as Internxt influences the ecosystem by pioneering post-quantum standards and inspiring competitors like Proton or NordVPN in the privacy stack.[4][6]
Internxt is poised to expand its product suite—beyond Drive to full privacy tools—leveraging profitability, Fast 50 status, and 100% growth to capture enterprise segments and global markets.[2][4] Trends like quantum-resistant tech mandates, AI-driven threats, and stricter data laws will propel it, potentially evolving from storage specialist to comprehensive privacy platform leader. As the European privacy cloud benchmark, Internxt reinforces its founding mission: reclaiming data control in a surveillance-heavy digital world.[2][5]
Internxt has raised $131.1M across 8 funding rounds. Most recently, it raised $1.5M Other Equity in May 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 6, 2024 | $1.5M Venture Round | CDTI Innvierte | — | Announced |
| Jan 15, 2024 | $3.3M Venture Round | — | Balaji S., Juan Roig, Banco Santander, Crowdcube, Extension Fund, Kevlar Fund, Notion Capital, Telefonica | Announced |
| Jan 1, 2024 | $3M Seed | — | Forerunner Ventures, Founders Fund, Norwest Venture Partners, Redpoint Ventures, Revolution Ventures, Wildcat Ventures, Troy Carter | Announced |
| Apr 25, 2022 | $4.3M Venture Round | — | Balaji S., Telefonica | Announced |
| Jun 17, 2021 | $1M Seed | Juan Roig, TheVentureCity | — | Announced |
| Jan 26, 2021 | $300K Venture Round | Pepe Peris | — | Announced |
| Oct 5, 2020 | $117.5M Venture Round | TheVentureCity | — | Announced |
| Mar 25, 2020 | $220K Venture Round | Sociosinversores.com | Delwik Group, ESADE BAN | Announced |
Internxt has raised $131.1M in total across 8 funding rounds.
Internxt's investors include CDTI Innvierte, Balaji S., Juan Roig, Banco Santander, Crowdcube, Extension Fund, Kevlar Fund, Notion Capital, Telefonica, Forerunner Ventures, Founders Fund, Norwest Venture Partners.