KYND secures £3.3m Series A funding from BGF to fuel global expansion
The investment from BGF will be used to accelerate product development and international growth.
KYND builds cyber risk monitoring technology that provides continuous insights into an organisation's exposure. The platform supports insurers, brokers and private equity firms in navigating threat management.
Cyber risk management platform KYND has secured £3.3m in Series A funding from BGF to support its international expansion and product development. The firm has seen rapid growth since mid-2020, establishing partnerships with high-profile insurance brands.
The capital will be deployed to accelerate global customer adoption and expand the firm's suite of cyber risk tools. BGF joins the cap table as the sole named backer of the round, bringing patient growth capital to the London-headquartered business.
From the founder
"At KYND, we are on a mission to provide the increasingly-vital cyber risk management tools to radically simplify and improve the cyber insurance process. Our industry-first API-based platform, which provides meaningful risk insights, is making the cyber-insurance market more efficient and well-equipped to deal with the deluge of attacks facing small and mid-market companies."
Andy Thomas
Chief Executive at KYND
Investor perspective
"We regard KYND as a best-in-class business that has carved out an impressive niche in the burgeoning cyber-insurance market. With a differentiated offering, high-quality management team, compelling distribution model, and pioneering technology platform, KYND is ideally placed for rapid growth."
Rowan Bird
Investor, BGF
Use of funds
- 01Continue product development
- 02Expand into international markets
