Phoenix is proud to announce its investment in Cybanetix, a leading UK-based cybersecurity specialist. This latest investment marks Phoenix’s fifth investment out of its latest fund.
In an era where digital threats loom large, companies like Cybanetix are more essential than ever. Founded by Martin Jakobsen, a technology and cyber expert, in 2017, Cybanetix has grown rapidly to become one of the UK’s leading Managed Security Service Providers (‘MSSPs’). Cybanetix partners with a range of market-leading technologies to underpin its services, and from its state-of-the-art UK Security Operations Centre, the company supports a range of high-profile enterprise customers with monitoring, defence, and response to cyber threats.
Cybanetix’s core UK market is valued at over £500m and is growing at 15% per annum, in line with the growth of enterprise customers’ digital activities. This has led to increasing complexity and exposure to cyber threats that are best handled by specialist providers.
Phoenix has partnered with Cybanetix’s founding team to support the company’s rapid organic growth in this fast-moving market. The investment reflects Phoenix’s commitment to partnering with ambitious founder-entrepreneurs, a hallmark of its investment strategy to nurture businesses and help them scale. For businesses seeking the best in cybersecurity, Cybanetix’s continued growth and innovation are welcome news.
James Chiang, Investment Director at Phoenix, commented:
“Since its formation only seven years ago, Cybanetix has already made huge strides on its exciting journey, with some amazing results to show for it.”
“We are very excited to be partnering with Martin and the team in one of the UK’s most exciting, high-growth markets. Between us, we have very ambitious plans for growth, so watch this space.”
Martin Jakobsen, CEO of Cybanetix, added:
“We are very proud of the fantastic growth we have achieved to date – but we’re just getting started. With an outstanding team and a service offering that we believe is unmatched in the market, we are delighted to have partnered with Phoenix, whose excitement for Cybanetix and cultural values match our own.”
“We look forward to the value that Phoenix will bring to Cybanetix in our joint goal of making Cybanetix the UK’s leading independent MSSP.”
