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Funding
Crossword Cybersecurity raises GBP 3.6 million in funding
Next-gen Cybersecurity
Sep 23, 2022
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Next-gen Cybersecurity

Next-gen Cybersecurity

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Sep 23, 2022

Crossword Cybersecurity raises GBP 3.6 million in funding

Funding

  • Crossword Cybersecurity, a cybersecurity consulting and risk management company, has raised GBP 3.6 million (USD 4.1 million) in an oversubscribed funding round. Crossword Cybersecurity’s total funding now stands at GBP 6.6 million (USD 7.5 million).

  • In addition to this, Gresham House Asset Management will invest GBP 2 million (USD 2.3 million) in exchange for 18.8% of the company’s issued share capital, with the right to nominate a non-executive director to the company's board.

  • The funds will be utilized to accelerate product development, increase sales and marketing, and for working capital requirements.

  • Crossword Cybersecurity expects a 50% year-over-year (YoY) revenue growth to GBP 6 million in 2023.

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