Protexxa, a Toronto, Canada-based B2B SaaS cybersecurity startup, announced that it raised CAD 4 million in seed funding.
The round was led by BKR Capital, which makes transformational investments in disruptive companies and promising Black technology founders. The Firehood Angels and several angel investors, including Jeff Fettes, Annette Verschuren, and Leen Li, also participated in the round.
The funds will be used to build out the cybersecurity platform with assisted remediation technology, facilitate pilots with global customers, and prepare to scale its operations. The company is currently in the process of filing several patents.
“Since the pandemic, cybercrime has quadrupled and continues to accelerate. Our goal is to be part of the solution. Through Protexxa, we will democratize cybersecurity by making it more accessible for both businesses and individuals,” says Claudette McGowan, who is at the helm of Protexxa in the role of Chief Executive Officer. “The key is to connect the dots on how personal cyber hygiene can affect an organization. This means identifying blind spots and building out personalized training, assessment, and awareness plans to move cyber health in a positive direction.”
Protexxa is addressing the human element of cybersecurity by connecting the dots between personal cyber hygiene and business risk.
Raised: CAD 4.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: BKR Capital
Additional Investors: Jeff Fettes, Annette Verschuren, and Leen Li
Company Website: https://www.protexxa.com/
Software Category: B2B SaaS cyber protection, assessment, & training platform
About the Company: Protexxa is a B2B SaaS cybersecurity startup that connects the dots between personal cyber hygiene and business risk. Using artificial intelligence (AI), the Protexxa platform rapidly identifies, evaluates, predicts, and resolves common cyber issues. With a key focus on prevention and increasing global cyber literacy, Protexxa also offers personalized training and consulting for companies worldwide. Protexxa’s personalized cybersecurity protection platform is currently piloted across several industries, including government, academia, and healthcare.