OnSecurity Technology raises £5.5m from Gresham House Ventures to accelerate growth and expand research and development.
Gresham House Ventures backed the Bristol-based security firm in its first equity funding round.
OnSecurity Technology provides IT security services and operates a dedicated platform for managing penetration testing engagements. Based in Bristol, the firm serves close to 300 customers.
OnSecurity Technology has secured £5.5m in a seed funding round from Gresham House Ventures. The capital will be directed towards accelerating the firm's growth and increasing expenditure on research and development for its pentesting platform.
Launched in 2018 and bootstrapped to profitability, the company has completed over 5,000 pentests for its client base of nearly 300 organisations. Alongside product development, the business plans to double its headcount from 35 to 70 staff over the coming years.
From the founder
"I’m super proud of what the OnSecurity team has achieved as a bootstrapped business to date."
Conor O’Neill
Co-Founder & CEO at OnSecurity Technology
Investor perspective
"OnSecurity has built a robust and differentiated platform offering in a market that has historically been plagued with manual processes and poor customer experience."
Steve Carle
GHV Operating Partner, Gresham House Ventures
Use of funds
- 01Fund research and development
Investors
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About the company
OnSecurity Technology
OnSecurity Technology provides IT security services and penetration testing platform solutions.