South African email protection and compliance startup Sendmarc has raised an undisclosed amount of funding from Kalon Venture Partners.
“We are very excited about this new investment partnership and look forward to building a more non-threatening cyber future by making email safe again,” Co-founder Sam Hutchinson said.
Here Is The Deal
- This round of investment was led by the South African based Kalon Venture Partners.
- The round of investment would be used to grow the company.
Why The Investors Invested
Launched in 2018 by Sam Hutchinson, Keith Thompson and Sacha Matulovich, cybersecurity startup Sendmarc provides the setup, implementation and reporting functionality for a global email protection standard known as DMARC.
“At Kalon we firstly invest in people. Sam, Sacha and Keith gave us confidence that they were the right team for this opportunity. This is not their first rodeo and they bring significant experience in building and scaling tech businesses,” said Kalon Venture Partners CEO Clive Butkow.
“Sendmarc is the type of disruptive technology that solves big business problems in a growing market of cybersecurity threats faced by businesses. The need for a secure system that ensures “business as usual” is more important than ever before and we are excited about Sendmarc joining our portfolio. Cloning of emails and malicious intent is now something a business can have control over, and in doing so we are indeed part of the solution towards winning the war on cyber threats.”
At Look At What The Startup Does
Sendmarc is spearheaded by chief executive officer (CEO) Sam Hutchinson, who was also the founder of marketing startup Everlytic, acquired by Vox Telecom in 2016.
This protocol is designed to give email domain owners the ability to protect their domains from unauthorised use, such as impersonation attacks or email spoofing. The purpose and primary outcomes of implementing DMARC are to protect a domain from being used in business email compromise attacks, phishing emails, email scams and other invasive cyber threats.
Hutchinson said the need for a secure and safe email environment was of paramount importance today.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer.
He could be contacted at udohrapulu@gmail.com