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From bootstrapped to billions: How Nord spent ‘hundreds of millions’ getting customers to use controversial VPNs, and became Lithuania’s tech darling

Fortune
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Lithuania -based Nord Security started as an obscure, bootstrapped company in 2012 .

In 2022 , 10 years after its founding, it achieved unicorn status, it has over 15 million users worldwide.

Last September , the company raised $100 million at a $3 billion valuation, nearly double compared to when it became a unicorn.

“We're in a very lucky position where we're growing extremely fast, and we're very profitable.” This story was originally featured on Fortune.com .