CybaVerse secures £1.1m in seed funding from FSE Group, Haatch and Founder and Lightning to expand its team and develop its platform.
The funding round will drive team expansion and accelerate the development of the company software platform.
CybaVerse is a cyber security vendor offering an all in one management platform designed to simplify protection for small businesses and managed service providers.
CybaVerse has secured £1.1m in a seed funding round backed by investors including FSE Group, Haatch, and Founder and Lightning. The capital will be directed towards team expansion and accelerating the development of the company's proprietary SaaS platform.
Alongside the funding announcement, the business has strengthened its leadership team with three senior appointments. Andreas Wuchner joins as chairman, Juliette Hudson takes on the role of chief technology officer, and Nicola Hartland comes in as a non-executive director and brand advisor.
The investment underscores ongoing interest in automated security management solutions tailored for smaller enterprises.
From the founder
"I’m delighted to be a part of the CybaVerse team. I have been completely drawn to Ollie’s ambitions and goals and the company’s innovation and creativity, which I believe will significantly benefit the security community at large. Cyber security is the most critical challenge in the digital world and we must support SMEs with a more efficient way to defend against the threats they face, otherwise we will always be on the backfoot to adversaries. I believe CybaVerse is making strides in tackling this important issue and I am delighted I will be playing a part in helping them reach this goal with my skills, experience and network."
Andreas Wuchner
Chairman at CybaVerse
Investor perspective
"We love the fact that CybaVerse has significant traction and very impressive founders and board. They are the perfect fit for us as they already have product-market fit nailed and the love of their customer base. We will now support them to reach their next goals with tech and investment. We were very impressed with their ultimate vision to build a comprehensive SaaS-based cyber security management system tailored for SMEs. Cybersecurity is vital to the functioning of all companies and particularly poignant at the moment with the evolution of AI. It’s really great to be working with Gemma, Oliver and the team. We’re very excited for the journey ahead"
Matt Jonns
CEO & Co Founder, Founder and Lightning
Use of funds
- 01Grow the team
- 02Continue product development
