CybaVerse has closed a Series A funding round at £5 million.
The Chichester cybersecurity company raised the funds from Pembroke VCT, Airbridge and Haatch to ‘switch from founder-led sales to a scalable SaaS growth model’.
Founded in 2018, CybaVerse has grown from a boutique consultancy into an established UK cyber security vendor, with nearly 40 employees and a rapidly expanding customer base.
It combines detection, compliance, security and testing into one SaaS product for SMEs and managed service providers (MSPs).
The new funding will accelerate CybaVerse’s sales and marketing efforts, expand its team, and support continued product development of its proprietary platform, CybaOps.
In the last year, CybaVerse grew its revenue by 180% and retained 90% of its customers. The Series A funding follows a £1.1m funding round in 2024 and CybaVerse’s recent acquisition of SecureAck.
“This funding marks an exciting new chapter for CybaVerse. Having such a high calibre of investors onboard validates our vision to design and deliver innovative solutions that empower MSPs and SMEs,” said CEO Oliver Spence.
“With this investment, we will accelerate CybaOps development, enhance AI-driven features, and expand our team to bring smarter, more scalable security to MSPs and SMEs, all while staying true to our mission of simplifying cyber security for everyone.”