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Johannesburg-based tech startup Sendmarc has secured an undisclosed amount of funding from Kalon Venture Partners, a South African venture capital fund.
Sendmarc has secured an undisclosed amount of funding from Kalon Venture Partners
Clive Butkow, CEO of Kalon Venture Partners attributes the investment made into Sendmarc to its exceptional business model and offering created.
“Kalon’s strategy is to invest in the best teams building innovative scalable technology, the Sendmarc team tick all of these boxes, they continue to show exceptional leadership ability while building on outstanding tech innovation and showing exceptional growth in revenue. This follow-on round is testimony to the Sendmarc team’s ability to deliver a solution solving a large problem across industries. Sendmarc is the solution that makes the internet a safer place and prevents phishing and spoofing which reduces the cloning of emails for malicious intent. A very real threat and an essential and much-needed security solution for every business.”
Founded in 2018, Sendmarc is a cyber-security email protection and compliance tech startup. Established entrepreneurial trio Sam Hutchinson, Keith Thompson, and Sacha Matulovich, the tech startup aims to create a safe and secure email environment for small to large businesses in South Africa.
The tech startup provides the setup, implementation, and reporting functionality for a global email protection standard known as Domain Message Authentication, Reporting and Conformance (DMARC).
DMARC has been designed to provide email domain owners the ability to protect their domains from unauthorised use such as email spoofing or impersonation attacks. Implementing the standard helps protect one’s domain name from scamsters stealing the domain name to send hoax emails to companies’ clients, suppliers or network.
Sendmarc’s service enables businesses to protect their customers, suppliers, and themselves from email cyber-attacks.
The tech startup claims that it has grown by 30% monthly since the startup of this year and has processed an estimated 400-million emails per month on its innovative and secure platform.
Sendmarc has become the leading cybersecurity platform in Africa solving the phishing and spoofing problem. Sendmarc’s expansion plans include entering International markets, while the company continues to build its presence in South Africa.
Sam Hutchinson, CEO of Sendmarc comments on the most recent funding secured.
“We welcome the support and continued commitment of Clive Butkow and the Kalon team, Sendmarc looks forward to further expanding our team and scaling the Sendmarc business into global markets”.
Featured image: Sendmarc founders Sam Hutchinson, Keith Thompson, and Sacha Matulovich (Supplied)