Sendmarc, South African Online Security Startup Secures $7M Funding

Sendmarc, a leading provider of email and domain security based in South Africa, has raised US$7 million in a Series A fundraising round to grow its market enablement approach and advance its solution.

Sendmarc protects customers’ email domains and keeps an eye out for attempted abuse to help them avoid email impersonation, such as phishing and spoofing, which is where over 90% of cybercrime begins. A set of tools that implement, oversee, and uphold international best practices for email and domain security are available to subscribers.

In addition to stock exchanges, banks, insurance companies, tech companies, retailers, municipalities, law firms, and law enforcement agencies in North America, Europe, Australia, South Africa, and Latin America, the startup actively enforces its email and domain security protection for thousands of businesses worldwide.

Its $7 million Series A investment was sponsored by Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital, with Atlantica Ventures serving as the round’s lead investor. With a focus on being the best in email and domain security, the money will be utilized to increase market enablement strategy and product development.

Sam Hutchinson, CEO and founder of Sendmarc, said, “We are happy to have safeguarded over 10 billion emails against imitation last year.” And with this additional investment, we can broaden our market enablement strategy, enhance the product, and maintain our laser-like concentration on dominating this particular branch of defense.

A principal and co-founder of Atlantica, Aniko Szigetvari, claimed that cybercrime was now a significant disruptor of economic activity in Africa and around the world, costing businesses and governments billions of dollars every year in financial loss and reputational damage.

African digital security startups and solutions that solve this expanding problem or pain point are supported by Atlantic Ventures. The Sendmarc team is concentrated on protecting email and domain security, which is a crucial component of cybersecurity. We are thrilled to support a remarkable founding team in their efforts to grow their business and expand internationally, the spokesperson stated.