MokN, a French cybersecurity startup specialising in protection against credential theft, has raised €12.9 million ($15 million) in Series A funding to build its platform, grow in France and the United States, and begin its expansion into the United Kingdom.
The round was led by GV (Google Ventures), with participation from DataDog, MokN’s existing European investors Moonfire (UK) and OVNI Capital (FR), and angels. Notably, this marks GV’s first investment in a French startup. In October 2025, the company raised €2.6 million in Seed funding led by Moonfire.
“The rapid adoption by major companies and the results achieved with our first solution have confirmed one thing: this approach must go further. Today, we are laying the groundwork for Active Identity Recovery by extending proactive recovery to all forms of identity, with the ambition of making it a new global standard for identity protection,” said Gautier Bugeon, CEO and co-founder of MokN.
Founded in 2024 by Gautier Bugeon, Antoine Coudoux, Alexis Georges, and Adrien Casteleiro, MokN is a cybersecurity company specialising in protection against credential theft. The company claims to offer a direct solution to the longstanding issue of credential theft through its unique approach.
The firm cites ENISA’s Threat Landscape 2025 report, which states that in Europe, phishing remains the primary means of intrusion, accounting for approximately 60% of reported cases.
The company states that its novel “phish-back” technology traps attackers and recovers compromised credentials before they are used or exposed on the dark web. MokN works with dozens of enterprises to give them a head start against cybercriminals and fill the gap left by traditional approaches.
Its first product, Baits, works by deploying ultra-realistic decoy access points (such as VPN or webmail portals) that faithfully replicate the company’s environment. When an attacker attempts to log in, they unwittingly hand over the stolen credentials, allowing security teams to proactively neutralise the threat.
Luna Schmid, Partner at GV, said, “We invested in MokN because of Gautier’s founder-market fit as a former SOC manager and our deep conviction in the team’s ability to address a critical gap in the cybersecurity market.
“With their initial product, Baits, they’ve developed a sophisticated wedge that turns the tide on attackers by leveraging high-fidelity decoys to trigger immediate, automated recovery workflows. We believe their approach is a game-changer for enterprises looking to neutralise credential theft before it can escalate.”
With the fresh funding, the company plans to significantly increase its R&D investments to build a comprehensive platform specialising in identity theft protection. By the end of the year, the company will launch several new products: customer accounts (B2B2C), as well as stolen cookies and sessions.
MokN reports that it protects over 1 million users across large corporations and mid-size companies, including Fortune Global 500 companies. It seeks to establish itself as a pioneer in a new category called “Active Identity Recovery,” which involves taking a proactive approach to recovering compromised identities, breaking away from traditional passive methods such as dark web monitoring.
Alongside launching its multi-product platform, MokN will adopt an aggressive approach to speed up its global expansion. With the support of its leadership teams based in Paris and New York, the company will strengthen its presence in Europe and across the Atlantic.
For now, MokN states that its priority is on business development across the United States and opening new markets, starting with the United Kingdom, with the opening of new offices.
It further plans to establish local teams in each country. By the end of 2027, the startup aims to recruit 30 new employees, particularly to strengthen the sales and marketing, engineering, and customer success departments.
Read the orginal article: https://www.eu-startups.com/2026/05/mokn-raises-e12-9-million-to-combat-credential-theft-as-gv-makes-its-first-investment-in-a-french-startup/
