UK-based startup Cybaverse, which provides managed cybersecurity solutions such as penetration testing, training, and compliance, has raised £1.1 million to enhance its cybersecurity offerings and expand its workforce.
- Founded in 2018 by Oliver Spence and Gemma Blake, Cybaverse has evolved from a boutique consultancy into a premier Managed Security Service Provider (MSSP), merging expert consultancy with cutting-edge cybersecurity solutions. The company delivers continuous and proactive security services designed to protect businesses against ever-evolving cyber threats.
- Cybaverse AI is designed to make cybersecurity management easier for small and medium-sized enterprises (SMEs). The platform provides a clear, comprehensive view of the cyber landscape, enhancing efficiency and improving project management while reducing the demands on in-house IT and security teams.
- The startup serves a range of notable clients, including ConnectedHealth, Crowdcube, Funding Loop, Ticknovate, OnlineDirect, and Orbus Software.
Details of the deal
- The fresh funding round received support from the FSE Group, which provides accessible market-gap funding, including loans and equity investments, to help high-growth businesses reach their growth potential. Additionally, it was backed by Stamford-based VC Haatch, which invests in pre-seed B2B SaaS startups, London-based VC Founder & Lightning, and several business angels.
"We were very impressed with their ultimate vision to build a comprehensive SaaS-based cyber security management system tailored for SMEs. It's really great to be working with Gemma, Oliver and the team. We're very excited for the journey ahead," CEO and founder of Founder & Lightning, Matt Jonns, commented.
- The funding will help expand the team and accelerate the development of the platform.
