Paris-Based Cybersecurity Startup MokN Raises €2.6M To Expand In The U.S.

The round was led by Moonfire, with participation from OVNI Capital, Kima Ventures and several prominent business angels.

The funding comes amid a broader wave of early-stage investment in Europe’s cybersecurity, identity, and fraud prevention sector. Recent investments include €2.1M for WiseBee (autonomous cyber defense), €3.7M for Innerworks (AI-driven fraud detection), €936K for Egregious (misuse detection), €1.9M for Keyless (biometric authentication), €6M for Trustfull (fraud prevention) €10M for Duna (business identity verification) and €1.8M for Dold Adress (digital anonymity).

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“The project was born out of a cyber crisis I experienced in a previous role, which highlighted that a seemingly obvious approach was still missing from the market. In less than a year, fully bootstrapped, we proved the value of our solution with major enterprises. Our technical DNA allows us to speak expert to expert, which has accelerated our growth. Today, with proven technology, strong traction, and no direct competition in the U.S., we see a unique opportunity ahead,” said Gautier Bugeon, Co-founder and CEO of MokN.

MokN stands out by proactively deceiving attackers to neutralize stolen credentials rather than relying on reactive detection, identity verification, or fraud analytics. Its “phish-back” technology deploys hyper-realistic decoy portals such as fake VPN or email login pages inside enterprise networks. When attackers use stolen credentials on these decoys, they trigger alerts for security teams, often before the data is misused or sold.

Already adopted by over 20 enterprises, MokN reached more than €1 million ARR in under a year while bootstrapped. The company has protected over 500,000 users in just 12 months, demonstrating early traction in a self-funded model.

With this Seed round, MokN is expanding into the U.S., relocating part of its leadership team closer to customers, while continuing to grow its team in France across product, sales, and marketing. With no direct U.S. competitors offering a similar proactive deception strategy, MokN is well positioned to redefine credential-based security and stay ahead of cyber attackers globally.

“Identity theft is one of the fastest-growing and most damaging cyber threats, yet it’s almost impossible to recover stolen credentials before they’re abused. MokN is tackling this head-on with ingenious deception technology that turns attackers’ own tactics against them. Their rapid progress highlights both the urgency of the problem and the strength of their product. We’re proud to back their U.S. expansion“, said Akshat Goenka, Partner at Moonfire.

About MokN

MokN is a Paris-based cybersecurity startup that protects businesses from identity theft using smart deception. Its “phish-back” technology sets up convincing decoys, like fake VPNs to trick hackers and catch stolen credentials before they’re misused. Already trusted by enterprises MokN helps security teams stop attacks early and keep users safe.