The funding comes after an undisclosed investment in June 2021. It will help expand both the team and its operations.
Sendmarc, a South African cybersecurity startup that provides companies and individuals with tools to ensure email security and prevent identity theft, recently raised US$7 million in a Series A led by Atlantica Ventures and several participating investors.
Thanks to the funding, the startup plans to expand its product line to include additional identity theft protection features.
In June 2021, it secured an undisclosed amount of funding from Endeavor South Africa to expand its South African operations.
With over 1,000 clients (including 80% in South Africa and the remaining 20% in other parts of the world), Sendmarc eyes up to 100,000 clients in the coming five years. It also plans to expand its sales team across Africa to get closer to its clients and provide tools to monitor global email and domain security practices.
Chamberline Moko
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Senegal’s president to visit Spain March 24-26 at king’s invitation Talks expected on migration, security, and economic cooperation sectors Spain...
DR Congo says fuel supply stable, stocks sufficient through June Government plans strategic reserve amid Middle East-related disruptions Global...
Food prices vary widely across regions, highest in Lomé Cereals cheaper near production areas; vegetables show mixed patterns Transport costs drive...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ court actions delay projects by Shell,...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...