South Africa’s Sendmarc raises Funding from Endeavor South Africa
South African cybersecurity email protection and compliance startup Sendmarc has announced it secured funding from Endeavor South Africa as it looks to scale more quickly.
Sendmarc is a tech startup founded in 2018 by the trio of Sam Hutchinson, Keith Thompson, and Sacha Matulovich to create a safe and secure email environment for small to large businesses in South Africa.
The startup uses the Domain Message Authentication, Reporting and Conformance (DMARC) to provide email domain owners the ability to protect their domains from unauthorized use such as email spoofing or impersonation attacks, and has become a leading cyber-security platform for Email users, IT Engineers, businesses and reducing the risk of Email fraud in Africa.
The startup has seen an average of 30 percent month-on-month growth this year and is processing around 400 million emails per month on its platform. Customers include 35 JSE-listed companies as well as some international clients. It plans to scale more quickly with the additional investment.
Sendmarc’s (CEO) Sam Hutchinson speaking on the funding said that the startup is glad to the backings of both Kalon ventures and South Africa’s Harvest fund.
“We welcome the support and continued commitment of the Kalon team and are really excited to have the Endeavor SA’s Harvest Fund on board not just as strategic investors, but as co-investors too.
“The latest round of funding gives us a great runway to supercharge our growth path both in South Africa and internationally,” said Sam Hutchinson.