Why Passbolt is the Game-Changer Your Team Needs

Password managers? Yeah, they’re everywhere. But here’s the kicker: businesses aren’t consumers. Teams need to share credentials, IT needs control, and security teams need to sleep at night. Enter Passbolt, the open-source password manager that just raised an $8 million seed round to dominate the small and midsize business market—with its sights set on enterprises next.

“Legacy tools like Bitwarden or 1Password? They’re fragmented. Passbolt is built for collaboration, security, and control—all in one place.”

Kevin Muller, CEO of Passbolt

The Problem with Legacy Tools

Most password managers are built for individuals, not teams. They’re clunky, siloed, and don’t play well together. Kevin Muller, Passbolt’s CEO, calls it like it is:

• Fragmentation: Tools like Bitwarden and 1Password have separate systems for workforce password management, DevOps secret management, and authentication. They don’t talk to each other.
• Lack of Control: KeePass, while popular, creates a single static file for credentials. No access control. No auditing. No way to revoke access.

Passbolt’s Secret Sauce

Founded in 2017 by Kevin Muller, Remy Bertot, and Cédric Alfonsi, Passbolt was built to solve these pain points. Here’s what sets it apart:

• Collaboration: Share passwords, secrets, and credentials granularly.
• Security: Self-host behind your firewall. SOC2 Type II certified.
• Control: Role-based access, password expiry, and activity logs.

What’s Next for Passbolt?

Passbolt isn’t stopping at password management. The team is gunning for enterprise-grade Privileged Access Management (PAM) solutions like CyberArk. Upcoming features include:

• Support for managing passkeys.
• Enhanced interoperability and granular sharing.

By the Numbers

Passbolt’s traction speaks for itself:

• 38,000 teams use the free version.
• 2,000 paying customers for Pro and hosted solutions.
• 75% of users self-host, proving trust in Passbolt’s security.

“Passbolt’s organic traction across industries confirms the demand for a more collaborative, enterprise-grade solution.”

Rick van Boekel, Managing Partner at Airbridge Equity Partners

Why This Funding Matters

Passbolt hit profitability in 2024 but raised $8 million to fuel growth and meet user demands. The Series A round was led by Airbridge Equity Partners, with participation from Expon Capital, ScaleFund, and angel investors like Christophe Bianco and Xavier Buck.

Final Thoughts

Passbolt isn’t just another password manager. It’s a collaborative, secure, and enterprise-ready solution that’s already winning over teams worldwide. If your business is still juggling fragmented tools, it’s time to level up with Passbolt.