PureCyber, a leading name in cyber security based in Cardiff, stands poised for significant growth with a recent £5 million equity investment from BGF.
Since its inception in 2016, PureCyber has evolved into a pivotal provider of comprehensive cyber security solutions for diverse sectors. The recent investment marks a strategic move to extend its impact in the global market, supported by new leadership and partners.
The £5 million investment from BGF will play a vital role in PureCyber’s growth strategy. With this substantial capital inflow, PureCyber aims to expand its client base, particularly focusing on small to medium-sized enterprises (SMEs) and larger global corporations. This strategic expansion is intended to enhance its stature as a leading player in the cyber security industry.
CEO Damon Rands highlighted the importance of this new chapter, stating, ‘Working with an investment partner and non-executive chair who shares our vision is crucial for our future.’ This collaboration is poised to support their ambitious growth objectives.
The investment is expected to bolster PureCyber’s ability to innovate and deliver cutting-edge cyber security solutions tailored to a wider range of clients, ensuring robust protection against evolving threats.
Hannah King from BGF expressed enthusiasm about backing PureCyber, noting the company’s potential in a rapidly expanding market. BGF’s involvement is not only financial but also strategic, offering insights and support to drive PureCyber’s continued success.
Damon Rands affirmed the strategic alignment with BGF and the shared vision for expansion. This partnership is expected to facilitate innovation, drive growth, and solidify their market position worldwide.
BGF’s model of taking non-controlling minority equity positions allows them to support businesses without exerting control, thereby enabling partners like PureCyber to retain autonomy while benefiting from strategic guidance.
PureCyber’s dedication to innovation in cyber security is a cornerstone of its business model. The firm is committed to developing state-of-the-art solutions that meet the increasing demands of various industries.
PureCyber’s strategic partnership with BGF and the appointment of Ben Marnham as non-executive chair aligns with its commitment to growth and innovation in the cyber security realm.
This investment is anticipated to propel the company forward, fulfilling its vision of becoming a market leader on a global scale.
