Cado Security Closes $10M in Funding to Accelerate Adoption of First and Only Cloud-Native Digital Forensics Platform. Led by Blossom Capital with participation from existing investors including Ten Eleven Ventures, the new funding comes only six months after the company closed its seed round, due to the significant demand for its platform. The new capital will be used to accelerate Cado Security’s growth through the expansion of key functions including engineering, customer support and go-to-market operations.
About Blossom Capital
Blossom is a VC fund that connects US know-how, expertise, networks and ambition, with Europe’s unrivaled opportunity. Blossom concentrates on early-stage investments in consumer and enterprise, particularly focusing on finance, design, marketplaces, travel, developer-focused tools, infrastructure and API-first companies. Based in London, but covering the whole of Europe, Blossom competes with the top-ranked VC investors in Europe and the US to champion the next European startups capable of making it on the global stage. Find out more at www.blossomcap.com.
About Ten Eleven Ventures
Ten Eleven Ventures is the original venture capital firm focused solely on investing in digital security. The firm invests globally and at all stages, from seed to growth (the latter via its Joint Investment Alliance with KKR). Since its founding in Silicon Valley in 2015, Ten Eleven Ventures has raised nearly $US 500 million and invested in 27 leading cybersecurity companies including Twistlock, Verodin, Cylance, KnowBe4, Darktrace, and Ping Identity. For more information, please visit www.1011vc.com or follow us on Twitter @1011vc.