LiveDrop Secures $2.5 Million in Oversubscribed Seed Round
Eindhoven-based LiveDrop, a company specializing in secure offline data transfer, has completed a $2.5 million seed round. The funding round was led by Value Creation Capital, with participation from Secfund and Kadmos Capital. Existing investors, including Patronum Investment, also contributed. Additionally, a group of strategic angel investors, including Wi-Fi pioneer Cees Links, participated in the round.
Founded in 2021 and led by Patrick Moreu, LiveDrop develops technology for secure offline data transfer using optical encoding. This software-driven solution operates on standard hardware such as laptops, smartphones, and cameras, and can be integrated into mission systems and existing software environments. It enables unidirectional data exchange without reliance on wireless or network-based communication, which is important for defense and national security operations.
The company's twelve-person team mainly focuses on the Defense & Security sector, while also exploring applications in cybersecurity, healthcare, and secure end-user devices. LiveDrop’s dual-use strategy ensures applicability across both military and civilian markets, contributing to enhanced data handling in sensitive environments.
Patrick Moreu, CEO of LiveDrop, stated: "The fact that this round was oversubscribed, and that both existing and new shareholders reaffirmed their commitment, validates our strategic direction. The involvement of Secfund, Value Creation Capital, Kadmos Capital, and Wi-Fi pioneer Cees Links supports broader deployment in NATO countries and beyond."
With the proceeds from this seed round, LiveDrop plans to scale its technology across defense, government, and civilian sectors, aiming for accelerated international deployment and deeper integration into secure data ecosystems. The support from both national and international investors provides capital and offers strategic guidance, market access, and industry expertise.