South Africa: Sendmarc raises $7m

Sendmarc, an email and domain security company, announced a $7 million Series A funding round led by Atlantica Ventures and supported by Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest and Alpha Private Capital. The funding will be used to expand Sendmarc’s market enablement strategy and to continue improving its product.

“We are proud to have protected over 10 billion emails from impersonation last year,” says CEO and founder Sam Hutchinson, “And with this new funding we can expand our market enablement strategy and also continue to improve the product, while remaining hyper-focused on being the best in this specific area of defense.”

Over 90% of cybercrime starts with an email impersonation, commonly known as phishing and spoofing. Sendmarc helps its customers solve this problem by locking down their email domains and monitoring for attempted abuse.