Traced secures £400k in seed follow-on funding from Henley Business Angels and previous backers to develop its mobile security platform.
Henley Business Angels and previous backers provided seed follow-on capital to fund product development and market expansion.
Traced is an Oxford-based mobile security company that uses artificial intelligence to protect business data from smartphone and tablet threats. Its privacy-focused platform helps organisations secure employee devices against emerging cyberattacks.
Oxford-based mobile security firm Traced has secured £400k in seed follow-on funding from previous backers alongside new investors from Henley Business Angels. The capital will be deployed to accelerate product development on its Control platform and threat detection models, while simultaneously expanding its sales and marketing operations in domestic and international markets.
The raise follows a period of heightened demand for mobile threat defence solutions as remote work and personal device usage expose small and medium enterprises to increased risks. Traced intends to scale its commercial reach to surpass £1m in sales by the 2023 financial year.
From the founder
"Businesses – particularly small and medium businesses with limited security budgets or expertise – are increasingly exposed to the risks of cyberattacks and data breaches. This investment, combined with the wealth of expertise that our new investors bring to the team will enable us to protect more businesses."
Benedict Jones
Co-founder, CEO and Director at Traced
Investor perspective
"Protecting against the ever-growing cyberthreat on mobile phones has emerged as a priority for many businesses and an opportunity for investment, which HBA members are delighted to participate in."
Jurek Sikorski
Founder and Director, Henley Business Angels
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
