Cybersecurity Venture Fund Targeting Europe

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2Q 2014 | IN-1019499

C5 Capital to Raise US$125 Million


United Kingdom-based asset manager C5 Capital is raising a US$125 million fund for investment in cybersecurity ventures. To be eligible, companies must show an established business model with a minimum baseline revenue of US$10 million. C5 has already made two investments: the first in BalaBit, a Hungarian firm specializing in privileged activity monitoring, trusted logging, and proxy-based gateway technologies, and Metrasens, a magnetic detection business spun out from QinetiQ.

The venture fund is targeting high-net-worth individuals and small companies in the United States, Europe, and the Middle East. Metrasens was part of a funding round alongside Octopus Investments in March 2013 for an unknown amount, and BalaBit was announced just last week for a total of US$8 million. C5 is focusing investment opportunities in Europe to the tune of US$5 million to US$25 million. This is a significant step for the European cybersecurity industry, which has been laggin...

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