DynaRisk raises £3.5m from YFM Equity Partners to accelerate product innovation and international expansion.
The funding round was led by YFM Equity Partners to support the firm in scaling its global operations.
DynaRisk provides cyber risk management and intelligence software that helps insurers protect consumers and businesses online. Its platform offers vulnerability scanning, dark web monitoring, and incident response services.
DynaRisk has raised £3.5m in funding led by YFM Equity Partners to accelerate product innovation and expand its international footprint. Founded in 2016, the London based firm provides threat intelligence software and risk management tools to insurers, brokers and MGAs globally. The fresh capital will be deployed to scale commercial and technical operations across EMEA, North America and Asia-Pacific.
From the founder
"Brokers, MGAs and (re)insurers are rushing to tap the fast growing cyber insurance market as cyber risk is now one of the most pressing challenges for consumers and SMEs globally. While working with global banks, I saw how larger corporations were using expensive and complex enterprise-level software and services and wanted to put these in the hands of more people. DynaRisk bridges that gap for the insurance sector, helping them protect their policyholders with industry-leading threat intelligence backed risk management and underwriting software, along with cyber incident response services. YFM quickly understood our vision and their support will be critical as we scale globally and continue to evolve our platform to meet growing demand."
Andrew Martin
CEO at DynaRisk
Investor perspective
"DynaRisk has built impressive platforms and a client base in one of the fastest-growing segments of the insurance market. With cyber threats escalating and insurers and brokers under pressure to add more value to their policyholders, DynaRisk’s embedded intelligence platforms and services are ideally positioned. We are delighted to back Andrew and his team as they grow their international footprint and continue to lead innovation in cyber risk management."
Matt Gordon-Smith
Investment Director, YFM Equity Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Scale operations
