Osney Capital has finished raising its first fund, reaching a £60 million limit and surpassing its original £50 million goal. The firm says this is among the largest debut seed funds ever in the UK.
This is the UK’s only venture fund focused just on early-stage cybersecurity. It is backed by the British Business Bank and approved by the UK government’s National Security Strategic Investment Fund.
Since its first close, Osney has invested in seven companies working on AI security, disinformation detection, and software supply chain protection.
The UK has built a respected cybersecurity community, supported by groups like GCHQ and top universities such as Imperial College London and the University of Edinburgh. The number of graduates grows by 20% each year.
Until now, no venture fund has focused only on helping the sector at its earliest and riskiest stage, when companies are small, and most generalist VCs are hesitant to invest. Today, Osney Capital, the UK’s first seed fund focused solely on cybersecurity, announced it had closed its first fund at £60 million, surpassing its original £50 million target.
