The funding round will drive team expansion and accelerate the development of the company software platform.
"I’m delighted to be a part of the CybaVerse team. I have been completely drawn to Ollie’s ambitions and goals and the company’s innovation and creativity, which I believe will significantly benefit the security community at large. Cyber security is the most critical challenge in the digital world and we must support SMEs with a more efficient way to defend against the threats they face, otherwise we will always be on the backfoot to adversaries. I believe CybaVerse is making strides in tackling this important issue and I am delighted I will be playing a part in helping them reach this goal with my skills, experience and network."
The funding follows an earlier private round and values the custom bicycle maker at £3.7m.
"Cyclists these days know they can get more from their equipment if it’s designed around their body, for the specific riding they do. Our recent reviews prove we can compete on performance terms with any of the big brands. This new funding will help us shift more people away from mass-produced equipment in favour of a better bike with perfect fit, fabrication, and finishing designed for individual performance needs."
The round was backed by FSE Group, Armajaro Holdings, Smith & Williamson, and Carlisle Commerce Group LLC.
"As a group we realised the benefits of developing our digital marketing strategy. We realised there was an opportunity to grow our database and promotional presence in the online market across our venues by developing our ticket selling platform. We looked at various systems on the market and felt that FIXR was the best fit for our business. The platform offers some key operational functions that benefitted both the consumer and venue management allowing a quick and easy customer journey when purchasing alongside a platform that allows the manager to be in complete control of their online offering 24/7."
