GoSecure extends its Series E round to reach $35m

Managed detection and response platform GoSecure has closed its oversubscribed Series E round on $35m.

The round was led by Montreal-based investor W Investments Group, with additional contributions coming from Yaletown Partners.

This is an extension to the previously closed Series E round back in June, where the RegTech pulled in $20m. The capital was supplied by Yaletown Partners, Bank of Montreal, SAP/NS2 and Razor’s Edge.

GoSecure offers a detection and response platform that helps organisations protect themselves from the latest attacks and is able to detect and mitigate threats within 15 minutes.

The RegTech platform has 200 employees and its growth has accelerated due to the pandemic, it claims.

GoSecure CEO Neal Creighton said, “GoSecure continues to add new customers at the highest rate in our history.

“Based on the detection and response platform we’ve built, customers see the value of GoSecure MDR immediately and rest comfortably knowing they are protected by the best people, processes, and technology in the market. W Investments Group brings a wealth of experience that will be vital in helping GoSecure increase the awareness and adoption of our market-leading approach to Managed Detection and Response.”

National Bank Financial served as the placement agent for the round.

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