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Cyber Security
Business Fortune
08 April, 2025
Osney Capital has launched a £50M fund to invest in early-stage UK cybersecurity startups.
A £50 million inaugural fund has been closed by venture capital firm Osney Capital, with the goal of investing in early-stage cybersecurity firms.
As per the official statistics, the UK's cybersecurity sector saw yearly revenues of over £13 billion for the Fiscal Year ending March 2025, representing an increase of 12% over the previous year. The complexity of cyberattacks and the growing amount of compliance standards that enterprises must follow have significantly accelerated this increase.
Osney assembled the fund with the help of the British Business Bank and investors, including US-based IronGate, a defense-focused fund of funds, and East X Ventures, another capital-based investment firm.
With checks ranging from £250,000 to £2.5 million, Osney intends to invest in 30 portfolio firms at the pre-seed and seed stages. Since the fund has been accredited by the National Security Strategic Investment Fund (NSSIF) of the UK, it has undergone extensive security vetting by the government and has proven to have advanced technical skills.
According to Joshua Walter, a founding partner at Osney, the fund's goal is to find and support the upcoming generation of UK cyber pioneers, giving them the specialized funding they require to create globally important businesses, goods, and technology.
Before setting up Osney, Walter was one of the directors in charge of operations in Manchester at the cybersecurity firm, NCC Group. While co-founder Adam Cragg was a temporary executive director at the University of Calgary in Canada, co-founder Paul Wilkes was a consultant at the offshore law firm Collas Crill.
In the past, the company has made investments in a few UK-based cyber businesses, such as Manchester-based ESProfiler and Sheffield-based Sitehop.