CyberSmart Secures £12.8 Million in Series B Funding
CyberSmart, a prominent cyber security platform provider based in London, UK, recently secured an impressive £12.8 million in Series B funding, marking a significant step forward in its efforts to enhance its offerings and expand its market reach. This funding round was led by Oxx, a venture capital firm, and attracted participation from notable investors including British Patient Capital, Legal & General Capital, and Solano Partners. Additionally, previous backers like IQ Capital, Eos Venture Partners, Winton Ventures, and Seedcamp also contributed to this successful financing effort. The successful fundraising is not only a financial milestone for CyberSmart but is also indicative of the growing importance of robust cyber security measures in today’s digital landscape.
To bolster its growth strategy, CyberSmart announced that Phil Edmondson-Jones, a partner at Oxx, will be joining the company’s board of directors.
This appointment signifies a strategic advantage for CyberSmart, as it seeks to leverage Phil's extensive experience in the tech industry to guide its future initiatives. The company plans to utilize the newly acquired funds primarily for product development, aiming to refine and enhance its offerings. Moreover, it intends to explore opportunities for channel partnership extensions while also driving both domestic and international growth, thereby strengthening its position within the cyber security realm.
Under the leadership of CEO Jamie Akhtar, CyberSmart is committed to creating a platform that provides round-the-clock protection for individuals, devices, and sensitive data against cyber threats. One of the platform's key advantages is its ability to equip small businesses with effective cyber security measures without the need for costly tools, external consultants, or an extensive in-house team. Currently, CyberSmart's innovative system is trusted by over 4,000 small businesses, reflecting its growing reputation and the essential nature of its services in the ongoing battle against digital security risks.
They've invested in CyberSmart
Get to know these Cyber security investors
| Investors | Investment Focus | Startup Investments | Round Size | Connect |
|---|---|---|---|---|
 Oxx( ) Oxx is a venture capital firm that focuses on investing in B2B SaaS companies ac... London  | ||||
 British Business Bank( ) The British Business Bank focuses on enhancing finance accessibility for smaller... Sheffield | ||||
 Legal & General Capital( ) L&G has over £57bn in private assets, focusing on diverse private market investm... London | ||||
 Solano Partners( ) London | ||||
 IQ Capital( ) IQ Capital is a dedicated European deep tech venture capital firm, specialising ... London, Cambridge | ||||
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 Winton Ventures( ) London | ||||
 Seedcamp( ) The firm focuses on investing in the healthcare sector, particularly in personal... London | ||||
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