CyberSmart, the category leader in simple and accessible automated cybersecurity technology for small and medium-sized enterprises, has announced the completion of its Series B funding round, raising an additional £12.75 million following its initial Series A investment of over £8 million.
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.
International law firm Osborne Clarke's market leading venture capital team advised CyberSmart, led by associate director James Taylor with support from partner Robert Wood, 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.
Osborne Clarke's international venture capital team is a go-to practice for companies operating in tech-enabled industries. From start-up through venture financing and the growth journey beyond, whether continuing to sale, IPO or international expansion, the team has an outstanding track record advising businesses, entrepreneurs and investors that are driving innovation. Osborne Clarke's dedicated resource centre, OC Ventures, brings together experts from across our international network to deliver a holistic seamless service to clients throughout the ventures ecosystem.