Sendmarc, a leading provider of email and domain security based in South Africa, has secured a US$7 million Series A funding round.
Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital joined Atlantica Ventures in leading the funding round.
Sendmarc protects customers’ email domains and keeps an eye out for attempted abuse to help them avoid email impersonation, such as phishing and spoofing, which is where over 90% of cybercrime begins.
A set of tools that implement, oversee, and uphold international best practices for email and domain security are available to subscribers.
In addition to stock exchanges, banks, insurance companies, tech companies, retailers, municipalities, law firms, and law enforcement agencies in North America, Europe, Australia, South Africa, and Latin America, the startup actively enforces its email and domain security protection for thousands of businesses worldwide.
Sam Hutchinson, CEO and founder of Sendmarc, said, “We are happy to have safeguarded over 10 billion emails against imitation last year.” And with this additional investment, we can broaden our market enablement strategy, enhance the product, and maintain our laser-like concentration on dominating this particular branch of defense.
With a focus on being the best in email and domain security, the funding will be utilized to increase market enablement strategy and product development.
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