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Kalon makes follow-on investment in Sendmarc

Africa Global Funds
April 13, 2021, 11:07 p.m.
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South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.

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South African venture capital firm Kalon Venture Partners has announced a follow-on investment a cyber-security email protection and compliance business, Sendmarc.

Clive Butkow, Kalon Venture Partners CEO, said: “Kalon’s strategy is to invest in the best teams building innovative scalable technology, the Sendmarc team tick all of these boxes, they continue to show exceptional leadership ability while building on outstanding tech innovation and showing exceptional growth in revenue.”

“This follow-on round, is testimony to the Sendmarc team’s ability to deliver a solution solving a large problem across industries. Sendmarc is the solution that make the internet a safer place and prevents phishing and spoofing which reduces the cloning of emails for malicious intent. A very real threat and an essential and much needed security solution for every business.”

Sendmarc was launched in 2018 by Sam Hutchinson, Keith Thompson, and Sacha Matulovich.

These key founding members were the pioneers in identifying a need for a safer and more secure email environment for small to large companies.

Sendmarc provides the setup, implementation and reporting functionality for a global email protection standard known as DMARC. This protocol is designed to give email domain owners the ability to protect their domains from unauthorised use, such as impersonation attacks or email spoofing.

By accelerating the implementation of DMARC, Sendmarc enables organizations to protect not only themselves, but their customers, suppliers and the whole world from impersonation attacks on the implementing organization’s domain.

Sendmarc’s revenue has grown at an average of 30% month-on-month since January 2021 and processed circa 400 million emails per month on their platform.

This is a substantial growth from the previous 1.5 billion emails processed during their first eight months after going live.

In addition, Sendmarc have grown their customer base 14 times during the last 14 months.

These customers include 35 JSE listed companies as well as some international clients.

Sendmarc has become the leading cyber security platform in Africa solving the phishing and spoofing problem.

Sendmarc’s expansion plans include entering International markets, while the company continues to build its presence in South Africa.

Sam Hutchinson, CEO of Sendmarc, said: “We welcome the support and continued commitment of Clive Butkow and the Kalon team, Sendmarc looks forward to further expanding our team and scaling the Sendmarc business into global markets.”

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