Acuity Law Advises In £5 Million Investment Into PureCyber By Growth Capital Investor BGF
Fast-growing technology company PureCyber has announced a substantial investment from BGF, a prominent SME growth capital investor. The £5 million capital injection is an opportunity for the cybersecurity specialist firm, which provides outsourced cyber solutions and subscription services, to expand its client base and increase market share.
Since its founding less than a decade ago, Cardiff-based PureCyber has become one of the fastest-growing Welsh tech companies. Targeting SMEs, it is particularly active in professional and financial services, manufacturing, education and sports. It has a workforce of 37 cybersecurity specialists, with a growing presence among large global corporates and the aim of increased domination and market share among cyber providers.
Acuity Law partner Andrew McGlashan said: “We were thrilled to be able to support long-term client and Alliance Partner PureCyber in securing this substantial investment. We look forward to further supporting this award-winning Welsh tech success story as it builds on its market share.”
PureCyber founder and CEO Damon Rands said: “This investment marks a pivotal moment for PureCyber. It will enable us to enhance our service offerings, reach a broader audience, and continue our mission of providing best-in-class cybersecurity solutions. We are excited about the opportunities ahead and remain committed to protecting businesses from the ever-evolving landscape of cyber threats.”
He added: “The support of the team at Acuity Law throughout this investment process has been first class and we look forward to working with Acuity Law during our next phase of growth.”
