Finance

South Africa: Kalon Venture Partners backs cyber-security firm Sendmarc’s international expansion

Thursday, 15 April 2021 16:10
South Africa: Kalon Venture Partners backs cyber-security firm Sendmarc’s international expansion

(Ecofin Agency) - South African cyber-security platform Sendmarc announced it will receive non-disclosed financial support from Venture Capital firm Kalon Venture Partners to strengthen its footprint in its main market and pursue its international expansion. The information was reported this week by CEO Sam Hutchinson (pictured).

“We welcome the support and continued commitment of Clive Butkow (CEO of Kalon Venture, ed) and the Kalon team. Sendmarc looks forward to further expanding our team and scaling the Sendmarc business into global markets,” Sendmarc’s boss said.

This new commitment follows a first deal concluded in December 2019 between the two companies. The investor that backs technology companies with high growth potential had committed to supporting the startup that solves identity theft and phishing problems in its plan to reach 200,000 South African small and medium-sized enterprises (SMEs) with its solutions and services.

“Kalon’s strategy is to invest in the best teams building innovative scalable technology; the Sendmarc team ticks all of these boxes, they continue to show exceptional leadership ability while building on outstanding tech innovation and showing exceptional revenue growth,” Clive Butkow, CEO of Kalon Venture, said.

Sendmarc claims it has handled about 400 million e-mails per month since the beginning of 2021.

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