Osney Capital secures £50m to back cyber security startups [English]

Author: Aninda Chakraborty | Source: Tech Monitor | Read the full article in English

A new venture capital fund named Osney Capital has successfully raised £50 million to invest in cybersecurity startups in the UK. This fund is notable for being the first in the country to focus specifically on seed investments for early-stage companies in the cybersecurity sector. Backed by the UK government's British Business Bank and various private investors, Osney Capital aims to support startups that often struggle to secure funding.

The UK cybersecurity market has seen significant growth, with revenues reaching £13.2 billion, largely due to increasing cyber threats and the adoption of advanced technologies. Osney Capital plans to invest in around 30 startups, providing financial support ranging from £250,000 to £2.5 million. The fund's goal is to help these companies develop innovative solutions and compete on a global scale.

Osney Capital's founding partner, Joshua Walter, emphasized the potential of the UK's cybersecurity ecosystem, highlighting the country's talent and resources. The fund aims to identify and nurture the next generation of cybersecurity leaders, ensuring that the UK remains a strong player in the digital economy. Recent guidelines from the National Cyber Security Centre also stress the importance of preparing for future challenges, such as those posed by quantum computing.

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