Computer security company BullGuard has received US$5 million (£3.4 million) from international venture capital firm DFJ ePlanet Ventures.

Computer security company BullGuard has received US$5 million (£3.4 million) from international venture capital firm DFJ ePlanet Ventures.

London-based BullGuard, which has offices in Northern Europe and Australia, plans to use the funding to expand into Germany as well as hiring a new channel sales director for the UK.

Dennis Atkinson, managing director of DFJ ePlanet, comments, ‘Recent forecasts show that the PC consumer segment will continue to grow in the years to come, which means that there will be plenty of opportunities for a consumer-focused brand like BullGuard.’

The firm’s previous investments include voice-over-internet company Skype and Chinese search engine Baidu.