• The penetration testing-focused cybersecurity startup saw its first round of equity funding since its founding in 2018. The money will help OnSecurity achieve its ambitious growth goals, which include expanding and investing more in research and development for its pentesting platform.

Bristol-based OnSecurity wants to be the top pentest engagement platform globally. Nearly 300 clients are being served by the business, which has finished more than 5,000 pentests to far. In order to support its next growth stage, OnSecurity intends to quadruple its staff from 35 to 70 personnel in the upcoming years due to its expanding clientele.

Up until now, the business has been successful and run entirely on bootstraps; the additional investment from Gresham House Ventures will let it develop even faster. The money will be used by OnSecurity to improve its platform and increase its market share.

"Without funding, we've grown a multi-million turnover business, with almost 300 customers," stated Conor O'Neill, co-founder and CEO of OnSecurity. "We've developed a truly powerful piece of technology in the OnSecurity platform, which makes booking and managing pentests as simple as possible."

But, we felt that the moment had come to take a big step forward and raise capital, and based on our first discussions with Ben and the Gresham House Ventures team, we knew that they would be our chosen backers.

"We cherish every communication we have with them much, and they're a pleasure to deal with, which is quite essential to us. As we develop into one of the leading companies in the pentest industry over the next several years, I'm thrilled to embark on this adventure with them.