From: RegTech Analyst
Cybersecurity investor C5 Capital has added €5.7m to the Haven Cyber Technologies Group’s war chest in a new investment aimed to drive further expansion of the company.
Haven Group is the European focused pure play cybersecurity provider behind ITC Secure and Onevinn. It will use the new influx of capital to developing its solution and to fuel its growth across Europe.
The investment comes as the Haven Group has noticed a growing demand for cybersecurity services as the digital threat level has spiked during the Covid-19 crisis.
“The Covid-19 pandemic has demonstrated more clearly than ever the importance of having robust cybersecurity in place,” said Mick Davis, board member of Haven Group. “Many organisations do not have the in-house expertise to manage this issue; through Haven Group they can access a broad range of sophisticated services and solutions to protect against the significant threat of cyberattacks to their businesses. This investment from C5 Capital and the addition of Andrew and James further strengthens the strong team to deliver on the Haven Group growth plans.”
Andre Pienaar, founder and managing partner of C5 Capital, added: “There is a clear market opportunity for the Haven Group. It has already seen strong organic growth over the last year and, with this additional investment and bolstered management team, we’re confident that the Group will continue to unlock this potential.”
C5 Capital has previously supported companies like IronNet Cybersecurity, Shape Security and 4iQ.
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