Summit leads $40m for Immersive Labs

Summit is currently investing from its Summit Partners Europe Growth Equity Fund II, which closed on €700m in July 2017. The fund makes investments in European companies across all sectors, with typical equity cheques of €20-60m.

Existing investor Goldman Sachs also joined the round.

The fresh capital will be used to support expansion in North America.

Previous funding
CyLon, a cybersecurity accelerator, invested £15,000 in the company in 2017.

Goldman Sachs led an $8m funding round in January 2019 with participation from private investors.

Company
Founded in 2017, Immersive Labs is an interactive, on-demand cybersecurity skills platform. Headquartered in Bristol, it also operates an office in Boston and employs more than 100 staff.

People
Summit Partners – Antony Clavel (principal).
Goldman Sachs Merchant Banking Division – James Hayward (executive director).
Immersive Labs – James Hadley (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Venture
• Summit Partners
• Goldman Sachs
• United Kingdom