Albion Ventures et al. lead $2.25m round for Panaseer
UK-based VC Albion Ventures has led a $2.25m seed round for British cybersecurity business Panaseer.
Other investors participating in the syndicated round included Notion Capital, Winton Technology Ventures, C5 Holdings and Elixirr.
The fresh capital will fund further growth of Panaseer's New York and UK client bases, and support the company as it attempts to attract some of the $71bn spent on cybersecurity by corporates in 2014.
Company
Headquartered in London, Panaseer is a cybersecurity startup that analyses data to evaluate the security level of corporations' cyber defenses.
Founded in 2014, the company's clients include financial institutions and infrastructure assets.
People
Ed Lascelles is a partner at Albion. Stephen Chandler is managing partner of Notion Capital. Nik Whitfield is the founder of Panaseer.
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