Cardiff-based consultancy firm PureCyber has secured a £5 million investment from BGF.

Founded in 2016 by CEO Damon Rands, PureCyber provides a broad range of cybersecurity solutions, acting as an outsourced provider for businesses looking to optimise their protection against attacks. 

The suite of subscription services ranges from brand protection, incident response, global penetration testing and fully managed SOC (security operations centre) services.

Growth to date has been driven by the company’s affordable approach – making its services accessible to business across a range of sectors and sizes. It says it has a good foothold in the professional and financial services, manufacturing, education and sport sectors, with many global customers including large education institutions and Premier League football clubs.

PureCyber is looking to become a dominant force in the cyber industry through the continued expansion of its client base across the SME market as well as growing its market share among larger, global enterprises.

Ben Marnham, a highly experienced former tech CEO and chair, has joined as non-executive chair as part of the deal.

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“Having successfully scaled the business since its inception in 2016, it was a natural time to look ahead to the next phase of growth,” said Rands. 

“With a wealth of experience in the technology market and a pedigree of supporting ambitious businesses on their scaleup journeys, BGF was a natural fit. We are also delighted to be working with Ben Marnham, who has worked with a number of fast growth tech scaleups.

“The PureCyber team and I are committed to growing the business to support the ever-increasing needs of the global SME and enterprise market and are delighted to be working with an investment partner and a non-exec chair that shares our vision for the future.”

The deal was led for BGF by Hannah King and Edwin Davies, investors in BGF’s Wales and South West team.

Marnham added: ‘PureCyber has excellent growth potential – the market is expanding, and its track record clearly demonstrates that the culture, proposition and delivery are all on point. 

“I am looking forward to joining the board and working alongside Damon, the PureCyber team and BGF.”

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