CyberSmart attracts £12.75m investment
CyberSmart, the provider of automated cybersecurity technology for small and medium-sized enterprises, has announced the completion of its Series B funding round, raising an additional £12.75m following its initial Series A investment of over £8m.
Bristol and Reading-based lawyers at international law firm Osborne Clarke advised CyberSmart.
Oxx led the oversubscribed round, with participation from British Patient Capital, Legal & General Capital and Solano Partners, alongside IQ Capital, which backed the company since its seed stage, and other returning investors: Eos Venture Partners, Winton Ventures and Seedcamp.
Osborne Clarke’s venture capital team advised CyberSmart, led by Bristol-based associate director James Taylor with support from Reading partner Robert Wood, Bristol-based senior associate Andrew Massey, associate Liz Foley and trainee Tim Rouse.
Since its launch in 2017, CyberSmart has grown rapidly, and currently protects over 4,000 small businesses. This financial backing will facilitate CyberSmart’s accelerated product development, strengthen channel partnerships, as well as propel the company’s expansion in the UK and internationally, across Europe, Australia and New Zealand.
