Osborne Clarke advises SME cybersecurity market leader CyberSmart as it attracts £12.75 million investment

By Peter Davison

13 March 2023

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CyberSmart, the category leader in simple and accessible automated cybersecurity technology for small and medium-sized enterprises, has announced the completion of its Series B funding round, raising an additional £12.75 million following its initial Series A investment of over £8 million.

Bristol and Reading-based lawyers at international law firm Osborne Clarke advised CyberSmart.

Oxx led the oversubscribed round, with participation from British Patient Capital, Legal & General Capital and Solano Partners, alongside IQ Capital, which backed the company since its seed stage, and other returning investors: Eos Venture Partners, Winton Ventures and Seedcamp.

Osborne Clarke's venture capital team advised CyberSmart, led by Bristol-based associate director James Taylor (pictured) with support from Reading partner Robert Wood, Bristol-based senior associate Andrew Massey, associate Liz Foley and trainee Tim Rouse.

Since its launch in 2017, CyberSmart has grown rapidly, and currently protects over 4,000 small businesses. This financial backing will facilitate CyberSmart’s accelerated product development, strengthen channel partnerships, as well as propel the company’s expansion in the UK and internationally, across Europe, Australia and New Zealand.

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.