IQ Capital led the Series A financing to support the cybersecurity provider's continued growth.
"Cyber security has become increasingly important, more so with the global shift to remote working, especially for the SMB market that CyberSmart supports. CyberSmart has already achieved great success by identifying SMBs as a market segment that was underserved by the cyber security industry. The company has a strong product-market fit, is hitting targets well ahead of schedule, and has secured strategic partnerships to further market penetration within the UK and internationally. The team has been incredible to work with over the last year and demonstrated thought leadership and deep understanding of the needs of SMBs, enabling CyberSmart to provide automated, and simple to implement protection for firms with 1-20+ employees"
Par Equity led the Series A round to support technology development and commercial expansion.
"We are delighted to continue working with Par Equity who have been very supportive of our company and our vision. This investment will enable us to continue to develop and commercialise our cutting-edge technology that addresses a major unmet need in the development of novel therapies that can significantly reduce costs of care and improve patient outcomes for millions of people worldwide."
The Series A round was led by Mercia alongside XTX Ventures to prepare the misinformation detection platform for the US elections.
"With the rise of the internet and social media, falsehoods travel faster than the truth. Misinformation can polarise societies and has become a serious threat to democracy. Logically aims to stop the spread of disinformation, ensure people see both sides of the story and keep elections free and fair. Following on from our early successes in India and Europe, we are looking to establish Logically as a partner for governments, businesses and consumers around the world."
The funding round was led by Elevator Ventures and will support growth in Central and Eastern Europe.
"Our collaboration with EV started with RBI’s fintech partnership program Elevator Lab, where we shared our solutions from a start-up perspective. The relationship developed from a successful PoC with RBI to a growth investment."