CybSafe secures £22.2m Series B investment led by Evolution Equity Partners
Evolution Equity Partners led the Series B funding to accelerate product development and international expansion.
CybSafe is a London and San Francisco based cybersecurity software company that uses behavioral science and data science to manage human cyber risk.
CybSafe has secured £22.2m in a Series B funding round led by Evolution Equity Partners, with participation from Emerald Development Managers, IQ Capital and Hannover Digital Investments. The company plans to deploy the capital towards accelerating product development, growing its team across multiple disciplines, and scaling its go to market activities into new geographies such as the United States. The latest raise follows significant customer expansion and independent market recognition.
Investor perspective
"We invest in founders with disruptive cybersecurity offerings that are reimagining how businesses approach the increasing depth and breadth of cyber threats. CybSafe’s disruptive approach tackles a complex problem with a simple solution. They design their products with the user in mind, ensuring they are tackling the cause rather than simply treating the symptoms of cyber risk. CybSafe goes far beyond traditional compliance driven approaches to security awareness, and instead focuses on delivering a genuine reduction in human cyber risk."
Karthik Subramanian
Partner, Evolution Equity Partners
Use of funds
- 01Continue product development
- 02Grow the team
- 03Accelerate go-to-market
- 04Expand into international markets
Investors
Karthik Subramanian
Evolution Equity Partners
Emerald Development Managers
IQ Capital
Hannover Digital Investments
