Sendmarc, a South African cybersecurity firm, recently raised US$7 million in a Series A led by Atlantica Ventures and a number of other investors. Sendmarc offers businesses and people solutions to assure email security and avoid identity theft.
The business intends to add more identity theft prevention capabilities to its product range as a result of the funding.
It obtained an undisclosed sum of cash from Endeavor South Africa in June 2021 to increase its operations in South Africa.
Read also Uganda’s Auditor General Faults National Social Security Fund (NSSF) on Suspense Accounts
Sendmarc anticipates reaching 100,000 clients in the next five years with its current clientele of over 1,000 (80% of whom are in South Africa and the remaining 20% are located elsewhere in the world). In order to better serve its clients and give tools to track international email and domain security practises, it also wants to grow its sales force throughout Africa.
Sendmarc cybersecurity Sendmarc cybersecurity
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard