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

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

Fit 4 Start#8: applications are open

08-01-2019

To transform ideas into value creation, start-ups sometimes need a significant boost. For innovative entrepreneurs, participating in such a programme is an opportunity to strengthen their network but also to launch and develop their project. Participation in Fit 4 Start makes it possible to gain visibility with potential customers or even to find investors, a driving factor. It is also a simple way to test the appetite of the market for an idea and consequently to improve one’s services and products.
Read more

New opportunity to accelerate your business with Luxembourg’s Fit 4 Start programme

07-12-2018

On 21 December Luxinnovation’s new call for applications for its successful accelerator programme Fit 4 Start will open. Discover how previous participants have benefited from the programme.
Read more

Luxinnovation and Maison Moderne are proud to announce the publication of the second issue of Happen

29-11-2018

Happen is an annual business magazine that unveils the technological excellence and innovative spirit of Luxembourg and its companies to an international audience.
Read more

Evvos wins best European agritech start-up award

22-11-2018

Luxembourg start-up Evvos is one of 18 companies that were recognised as the best start-ups in Europe. Evvos won the StartUp Europe Award in the category “agritech” for its innovative solution enabling farmers to measure environmental parameters to support planting, irrigation and harvesting using remote sensors.
Read more

All news

Close