KryptoKloud secures £500k seed investment from Foresight Group to expand operations
The funding from Foresight Group will facilitate the opening of a new security operations centre in Lincoln and create new roles.
KryptoKloud is a cyber security firm providing threat monitoring, vulnerability assessments, and managed services across multiple sectors. Based in Lincolnshire, the company protects organisations in defence, government, and commercial industries.
Lincolnshire cyber security provider KryptoKloud has secured £500k in seed funding from Foresight Group via the Midlands Engine Investment Fund. The capital will enable the firm to establish a new security operations centre in Lincoln and expand its team of analysts.
The investment follows a period of significant growth for the business, which began offering managed services to small and medium enterprises in late 2019. Alongside the funding, the company has appointed Paul Hughes as chairman to guide its next phase of expansion.
From the founder
"After the successful launch of our business in 2016, we required acceleration to the next level and felt that Foresight, with its unique market position, would provide us with that. Foresight has delivered on that expectation and we are excited that our cyber business will be able to go from strength to strength in the years to come."
Allison Burrows
Managing Director at KryptoKloud
Investor perspective
"We are delighted to be working with KryptoKloud and this investment demonstrates our commitment to finding and supporting early stage, high growth companies within Lincolnshire. KryptoKloud has a superb reputation, nationally and internationally for delivering high quality services. The business has performed resiliently throughout COVID-19 and has continued to grow during this turbulent economic environment. We look forward to supporting management to achieve its goals."
Jordan Lavender
Investment Manager, Foresight Group
Use of funds
- 01Grow the team
- 02Scale operations
Investors
Categories
About the company
KryptoKloud
KryptoKloud provides specialist cyber security and threat monitoring solutions across diverse industries.