search

Passbolt is a password manager that focuses on productivity and security by making it easy to centralise passwords, and share them securely between employees of a company. A major difference compared to other password managers is the fact that it is open source, available on-premises, and based on open standards. This allows companies to have 100% ownership of their data and gives them the ability to integrate the tool in their existing infrastructure.

Luxinnovation spoke with Cédric Alfonsi and Kévin Muller.

How did you first hear about Luxinnovation and our Fit 4 Start programme?

One of our early investors pointed out the Fit 4 Start programme to us. Finally, this autumn edition we seized our chance, had the chance to pitch in front of a jury and got selected amongst 130 other startups.

Likes about Fit for Start:

 

  • Sharing experiences with the participants
  • The credibility of the programme that gives value to our project
  • The state-of-the-art methodology (Lean-start-up)

What has your biggest achievement been since you founded Passbolt?

Honestly, in the 4 years of R&D that it took to release the first version of Passbolt, there were several moments when we thought we would give up. Now we know that it was worth it and the efforts start to pay off. We created a Minimum Viable Product (MVP) and released it publicly meaning that it is downloadable online. The software already gained a lot of traction and we have a community of over 1000 users. Even the facebook cryptographic team tweeted the release of passbolt to the hacker community. This is huge!

What did you learn so far by participating in the Fit 4 Start programme?

During the programme we learned how important it is to constantly experiment and validate your own hypotheses with people. While testing which one among our potential offers could interest customers, we actually managed to do our first sales and got a lot of interesting feedbacks. This phase definitely produced positive results.

What are your next challenges?

In the future we are aiming high. We are working on a production ready version of our software that can be commercialised and scaled. Moreover we will be on the lookout for investors so that we can finance the development of the enterprise version and the cloud service. Right now we have gained credit in the open source community but another very important step for Passbolt will be to organise a third-party security audit in order to validate our innovative asymmetric security model.

Tip from an entrepreneur:

“Entrepreneurship is a marathon, not a sprint. There is no such thing as a shortcut. Train, learn, adapt, and persevere through pain.”

–  Passbolt Team

Company details:

Name: Passbolt

CEO: Kévin Muller

Founding date: Birth of idea: July 2012 / Incorporation: December 2016

Registered office: Technoport

Contact: contact(at)passbolt.com

Website:  www.passbolt.com

Read more

Mission accomplished for Luxembourg at VivaTechnology

22-05-2019

With a 40 m2 national pavilion, Luxembourg attracted many entrepreneurs interested in the country's innovation ecosystem during the VivaTechnology exhibition, held in Paris from 16 to 18 May. The eight exhibiting Luxembourg start-ups present on the stand also received interesting visits.
Read more

Publication of the 2018 Luxinnovation Annual Report

07-05-2019

Luxinnovation, the national agency for the promotion of innovation, has just published its annual report for 2018: a year marked by the refinement of the agency's general strategy, more than ever at the service of Luxembourg companies, whatever their size, to support them in their innovation efforts.
Read more

Fit 4 Start #8 is well and truly underway

05-04-2019

The names of the 10 start-ups that will participate in the 8th edition of Fit 4 Start are now known. 50 entrepreneurs from all over the world came to promote their project during Pitching and Graduation Day, which took place on Thursday 28 March at Kinepolis in Kirchberg.
Read more

Fit 4 Start: First time appearance for HealthTech

15-03-2019

The 7th edition of Luxinnovation’s coaching programme had a new look and feel about it. For the first time since its launch, five start-ups from the health technologies sector were selected, on top of the ten selected from the ICT sector.
Read more

Salonkee raises €1 million from Luxembourg investors

21-01-2019

The start-up specialising in online appointments for hairdressers and beauty salons closed its first round in mid-January, bringing together exclusively Luxembourg investors.
Read more

All news

Close