South African email and domain security leader Sendmarc has secured a US$7 million Series A funding round to advance its product development and expand its market enablement strategy. Sendmarc offers clients access to an array of tools for securing email domains, ensuring compliance with global email and domain security best practices, and monitoring for attempted abuse.
The company has an impressive client roster, which includes banks, law enforcement agencies, retailers, insurance companies, and tech companies, among others. The funding will be used to build on Sendmarc’s successful track record, with a focus on enhancing email and domain security.
Atlantica Ventures led the funding round, with Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital also participating.
The funding will be used to expand Sendmarc’s market enablement strategy and further develop its product. The company plans to focus on being the best in email and domain security while expanding its reach and maintaining its reputation as a leader in the industry.
Sendmarc CEO and founder Sam Hutchinson said that the funding will help the company to continue improving its product and expand its market enablement strategy, adding that they are proud to have protected over 10 billion emails from impersonation last year.
Aniko Szigetvari, Atlantica principal, and co-founder stated that cybercrime has become a major disruptor of economic activity worldwide, costing companies and governments billions of dollars annually in financial loss and reputational impact.
The Sendmarc team’s focus on email and domain security protection is a crucial area of cybersecurity that addresses a growing issue or pain point. The company’s founding team is exceptional, and they are excited to support the growth of their product and geographic expansion.