South African Tech Start-Up Sendmarc Secures Funding
South African Tech Start-Up Sendmarc Secures Funding. Johannesburg-based tech start-up Sendmarc has secured an undisclosed amount of funding from Kalon Venture Partners, a South African venture capital fund.
Clive Butkow, CEO of Kalon Venture Partners told Venture Burn that, “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 makes the internet a safer place and prevents phishing and spoofing which reduces the cloning of emails for malicious intent.”
Founded in 2018, Sendmarc is a cyber-security email protection and compliance tech start-up. Established entrepreneurial trio Sam Hutchinson, Keith Thompson, and Sacha Matulovich, the tech start-up aims to create a safe and secure email environment for small to large businesses in South Africa.
Sam Hutchinson, CEO of Sendmarc told Venture Burn that, “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.”
The tech start-up provides the setup, implementation, and reporting functionality for a global email protection standard known as Domain Message Authentication, Reporting and Conformance (DMARC). DMARC has been designed to provide email domain owners the ability to protect their domains from unauthorised use such as email spoofing or impersonation attacks. Implementing the standard helps protect one’s domain name from scamsters stealing the domain name to send hoax emails to companies’ clients, suppliers or network.
According to Venture Burn, the tech start-up claims that it has grown by 30% monthly since the start-up of this year and has processed an estimated 400-million emails per month on its innovative and secure platform. 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.
