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Passbolt

Luxembourg-based open-source password manager built for teams, with API access and self-hosting for credential management.

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53/100Incremental Innovator

Overview

Passbolt is an open-source, self-hostable password and credential manager aimed at teams and technical organizations, using OpenPGP-based end-to-end encryption and exposing an API for automation and DevOps use.

The Luxembourg company raised an $8M Series A in January 2025 led by Airbridge Equity Partners, after earlier seed rounds.

Innovation Matrix Assessment

Innovation Velocity 5/10

Incremental product evolution on a proven open-source model.

Operational Value 6/10

Self-hosted shared-credential management with auditability suits technical teams and regulated sectors.

Market Momentum 6/10

$8M Series A (Jan 2025) reported by TechCrunch; modest scale.

Category Disruption 4/10

Another password manager, differentiated by open source and OpenPGP design.

Real-World Efficacy 5/10

Open codebase allows public scrutiny, but no independent tests located.

Enduring Relevance 6/10

Credentials remain central; sovereignty trends help.

Why CISOs Should Care

Provides auditable, self-hosted credential sharing for teams that cannot use closed SaaS vaults.

What Makes It Different

Open-source, OpenPGP-based team credential manager with API-first design.

The Matrix Verdict

53/100 — INCREMENTAL INNOVATOR

Passbolt is an Incremental Innovator: solid, credible, but a point tool in a mature market.

Editorial Note: Claims vs. Verified Findings

Funding is press-verified; headcount and total raised vary across sources.

Sources