The fund is to be invested in 30 portfolio companies at pre-seed and seed stage.
A £50 million fund has been assigned by Osney Capital “to capitalise on UK’s world-class cyber talent, whilst strengthening national resilience.”
The fund is to be invested in 30 portfolio companies at pre-seed and seed stage, writing cheques between £250k and £2.5m.
Dame Fiona Murray DCMG CBE, who serves on the UK Prime Minister’s Council for Science and Technology and Vice-Chair of the Board of Directors of the NATO Innovation Fund, said: “Osney Capital’s fund is an opportunity for the UK to build on the UK’s strong advantage and excellence in cybersecurity. In times of global uncertainty, we must foster a safe, secure and trusted digital economy in the UK — across all our digital and physical infrastructure.
“This means investing in and promoting innovation in the UK’s cyber security ecosystem. The work of Osney Capital’s fund is a matter of national security, digital sovereignty, and economic leadership.”
Joshua Walter, partner of Osney Capital, said: “Our mission with this fund is to identify and back the next wave of UK cyber founders — providing them with the specialist capital they need to build globally significant companies, products and technologies.”
The fund is accredited by the UK’s National Security Strategic Investment Fund, and backed by British Business Bank through its Enterprise Capital Funds programme.
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
