Havoc Shield, an all-in-one cybersecurity platform, has closed a funding round on $1.45m, as it looks to grow its team.
The capital investment was led by Hyde Park Angels, with contributions also coming from Techstars, Active Capital, Lofty Ventures and a series of unnamed angel backers.
With the funds, the RegTech is planning to increase the size of its Chicago team, as well as new remote positions, and extend its reach to more small and medium-sized businesses.
The company completed a study which found the average small business has 25 breached user profiles, amongst other vulnerabilities on their websites, workstations and infrastructure. It claims small businesses can use the Havoc solution to fight against data breaches, phishing, dark web activity and other online threats.
Havoc has reported a strong year of growth. Since the end of Q2 2020, it has seen its client list quadruple.
Havoc Shield CEO and co-founder Brian Fritton said, of “For a long time, cybersecurity technology has been virtually inaccessible to small businesses, who largely can’t afford those resources.
“We created Havoc Shield because we believe in democratizing cybersecurity for the little guy. Small businesses deserve the ability to protect what they’ve built, just as much as larger companies that have dedicated cybersecurity staff.”
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