Passpack raises €74,000 more to manage your passwords

Online password management startup Passpack, announced it’s follow-on funding. The company raised €350,000 in June 2008 and now previous investor Zernike Meta Ventures is topping that with additional €74,000.

This new capital injection will enable the company to finish the development of their product and start to actively market it. They blog about it here.

The Rome-based company is not looking for full blown venture capital until it hits profitability. Apparently, the new round was determined by reaching a major milestone in development and user-base.

The founders, an Italian/American couple: Tara Kelly and Francesco Sullo that I recently met with (in an attempt to create a Roman startup community) say that their revenue from premium packages is growing at a 2 digit percentage each month.

While this is great news for the Italian startup ecosystem, it still raises many questions and doubts. €74,000, really? Let’s analyze the situation: Passpack has a working and cheap product, revenue growing every month, a committed team, decent international press coverage and recently launched a desktop version to take on its competitors. Even thought the company is not looking for VC money right now, I still think it deserves some faith from investors.

If Passpack raises this modest amount what can other Italian seed-stage startups aim for?

Techcrunch event

Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025

Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss the 20th anniversary of TechCrunch, and a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.

Join 10k+ tech and VC leaders for growth and connections at Disrupt 2025

Netflix, Box, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, Vinod Khosla — just some of the 250+ heavy hitters leading 200+ sessions designed to deliver the insights that fuel startup growth and sharpen your edge. Don’t miss a chance to learn from the top voices in tech. Grab your ticket before doors open to save up to $444.

San Francisco | October 27-29, 2025

Topics

, , , , , ,
Loading the next article
Error loading the next article