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Build38

Build38

Cybersecurity·Germany·Exited 2026·Held 4yr
Entry
2022
Hold
4yr
Exit
2026

Who owns Build38?

Build38 is a German Cybersecurity company, now owned by OneSpan, which acquired it in 2026 from G+D Ventures, eCAPITAL ENTREPRENEURIAL PARTNERS and Tikehau Capital.

Hand-verified · updated 2026-09-30

Open JSON · CC-BY
Tikehau Capital
Most recent investor
Tikehau Capital
Tikehau Brienne III · 2022 · Cybersecurity
3 ownership periods · full history below

Key facts

HQGermany
SectorCybersecurity
Key takeaways
  • ·Fully exited in 2026 to OneSpan.
  • ·Average hold across 3 realized cycles: 6 years.

Ownership history

3 ownership periods · co-invest detected

Exited
Last exited in 2026 to OneSpan.
Co-invest · 3 holders · 2018 · 2026
G+D Ventures
G+D VenturesExited 2026
2018 · 2026(8yr) · G+D Ventures TrustTech Book · 2018 · Evergreen
Trade Sale · to OneSpan

G+D Ventures sold Build38 to OneSpan in 2026 after 8 years.

eCAPITAL ENTREPRENEURIAL PARTNERS
2021 · 2026(5yr) · eCAPITAL Cybersecurity · 2018 · Cybersecurity
Trade Sale · to OneSpan

eCAPITAL ENTREPRENEURIAL PARTNERS sold Build38 to OneSpan in 2026 after 5 years.

Tikehau Capital
Tikehau CapitalExited 2026
2022 · 2026(4yr) · Tikehau Brienne III · 2022 · Cybersecurity
Trade Sale · to OneSpan

Tikehau Capital sold Build38 to OneSpan in 2026 after 4 years.

Questions

Who owns Build38?

Build38 is now owned by OneSpan, which acquired it in 2026 from G+D Ventures, eCAPITAL ENTREPRENEURIAL PARTNERS and Tikehau Capital.

When did OneSpan acquire Build38?

OneSpan acquired Build38 in 2026, buying from G+D Ventures, eCAPITAL ENTREPRENEURIAL PARTNERS and Tikehau Capital.

Who did Build38 sell to?

G+D Ventures, eCAPITAL ENTREPRENEURIAL PARTNERS and Tikehau Capital sold Build38 to OneSpan in 2026 (Trade Sale).

Who has owned Build38 over time?

Build38 has been through 3 private-equity ownership periods: G+D Ventures · via G+D Ventures TrustTech Book · 2018–2026 · sold to OneSpan · (Trade Sale); eCAPITAL ENTREPRENEURIAL PARTNERS · via eCAPITAL Cybersecurity · 2021–2026 · sold to OneSpan · (Trade Sale); Tikehau Capital · via Tikehau Brienne III · 2022–2026 · sold to OneSpan · (Trade Sale).

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