Tag: Greycroft

Greycroft and LiveOak Venture Partners Lead $3M Seed Funding Round for CyberFortress
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Greycroft and LiveOak Venture Partners Lead $3M Seed Funding Round for CyberFortress

Chief executive Huw Edwards announced Wednesday CyberFortress had closed a $3 million seed funding round co-led by New York-based private equity firm Greycroft and Austin-based LiveOak Venture Partners. Monte Tulum Capital, which had invested in CyberFortress’s pre-seed round, is also participating in the latest funding. Porthcawl Holdings, Jungle Disk’s parent company, provided pre-seed financing in 2018. The San Antonio-based insurtech (insurance technology) startup will use the $3 million investment to accelerate its product launch in Texas in early 2020, Edwards said. Launched in 2018 by former Rackspace employees Huw Edwards and Michael DeFelice, the San Antonio-based startup offers tailored insurance policies to protect small- to medium-sized e-commerce companies from cyber...