Sendmarc, a Johannesburg-based cybersecurity platform has secured commitment of an undisclosed amount from Kalon Venture Partners, a South African venture capital fund to expand internationally. The announcement was made by CEO Sam Hutchinson.
“We welcome the support and continued commitment of Clive Butkow [CEO of Kalon Venture Partners] and his team. Sendmarc looks forward to further expanding its team and growing its business in the global market, ”commented Sam Hutchinson.
Here Is What You Need To Know
- This new commitment follows a first transaction concluded in December 2019 between the two entities. Kalon Venture which supports technology companies with high growth potential had pledged to support the startup that solves identity theft and phishing problems in its plan to reach 200,000 small and medium-sized enterprises (SMEs).
- Clive Butkow attributes the investment made in Sendmarc to its business model and the offer created.
“Kalon’s strategy is to invest in the best teams who build innovative, scalable technology; The Sendmarc team ticks all of these boxes. It continues to demonstrate exceptional leadership capacity while leveraging technological innovation and showing strong revenue growth, ”he said.
Read also:South African eHealth Startup Quro Medical Secures $1.1m In A Rare Funding Round
At Look At What The Startup Does
Sendmarc, launched in 2018, 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.
On its website, Sendmarc claims to have processed around 400 million emails per month, since the start of 2021.
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
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