CyberSmart secures £12.8m Series B funding led by Oxx to expand internationally
Oxx led the Series B round with participation from institutional and returning investors to fund product development and global expansion.
CyberSmart provides simple and accessible automated cybersecurity technology designed specifically for small and medium-sized enterprises. The company offers intuitive protection platforms, internal policy tools, and cyber insurance solutions to help mitigate digital risk.
CyberSmart has secured £12.8m in a Series B funding round led by Oxx. The capital will be deployed to accelerate product development, forge stronger channel partnerships, and drive international expansion across Europe, Australia, and New Zealand.
The financing also drew participation from British Patient Capital, Legal & General Capital, and Solano Partners. They were joined by returning backers IQ Capital, Eos Venture Partners, Winton Ventures, and Seedcamp.
From the founder
"Once again, we were blown away by the interest we received from investors, but as we carve our niche in the market, we remain steadfast in being selective of shareholders whose values and ambition align closely with our own. In spite of the economic downturn, we are encouraged that some of Europe’s most reputable investors believe in, and are keen to financially support, CyberSmart’s mission to protect and empower the underserved SME market against cybercrime. More importantly, we are delighted that they trust us to deliver on that vision, and I look forward to seeing how much we can accomplish in the year ahead."
Jamie Akhtar
CEO and Co-founder at CyberSmart
Investor perspective
"SMEs are notoriously under-protected from the rising cyber threat, and existing cybersecurity and insurance propositions are neither fit for purpose nor affordable."
Phil Edmondson-Jones
Partner, Oxx
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Phil Edmondson-Jones
Oxx
Catherine Lewis La Torre
British Patient Capital
Legal & General Capital
Solano Partners
IQ Capital
Eos Venture Partners
Winton Ventures
Seedcamp
Categories
About the company
CyberSmart
CyberSmart provides automated cybersecurity and compliance technology for small and medium-sized enterprises.