Mesh, a Dublin-based company renowned as the world’s first purveyor of email security solutions made explicitly for Managed Service Providers (MSPs), announced the successful completion of its seed funding.
The firm, having a significant impact on cyber security, fetched an impressive €1.55m during this round.
This funding feat was achieved through the instrumental participation of investors, most notably Elkstone, who led the round, and Enterprise Ireland, who backed it with considerable support. The infusion of €1.55m into Mesh’s capital structure marks a significant milestone in the company’s expansion journey.
At the heart of Mesh’s operation is the provision of comprehensive protection against a variety of email threats, including business email compromise, ransomware, and spear-phishing. Since its inception in 2020 by Brian Byrne, Ralph Casey, and Daimhin Kavanagh, Mesh has established a reputation as a proactive, carbon-neutral email security provider.
The newly secured funds will drive a host of growth initiatives for Mesh. It will enable the company to further refine its unique email security platform and scale its global presence. A large portion of the funding will facilitate the creation of 40 new jobs over the next four years. Furthermore, investments in critical areas such as research and development, talent acquisition, and market expansion will be empowered.
Notably, Neale Richmond, Minister of State for Employment Affairs and Retail Business, lauded Mesh for its successful funding round. He acknowledged the company’s growth plans and its commendable efforts to provide tangible solutions against cyber threats.
Brian Byrne, CEO and co-founder of Mesh, expressed his gratitude, saying, “We are delighted to have secured this significant investment, which reflects the confidence placed in us by Elkstone and Enterprise Ireland, as we strive to become the leading email security provider for MSPs. This funding will accelerate our product development roadmap, facilitate customer base expansion, attract top-tier talent, and reinforce our commitment to providing an email security platform that MSPs love.”
Endorsements from other key players included praise from Niall McEvoy, Venture Partner at Elkstone, and Leo Clancy, CEO at Enterprise Ireland, both lauding Mesh’s innovative product offering, the company’s market traction, and its potential for accelerated growth across global markets.
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