An anti-phishing tool has secured $13m (£8.8m) in a second round of funding, amid growing revenues and expansion into the UK.
Led by its existing partner the Paladin Capital Group, PhishMe was able to push its total funding to $15m (£10m) by recruiting the investment of Aldrich Capital Partners, whose partner Raz Zia will join the security company’s board of directors.
Rohyt Belani, chief executive of PhishMe, said: "PhishMe is excited to build on our existing relationship with Paladin Capital Group and to welcome our new investor, Aldrich Capital Partners.
"Raz Zia brings a wealth of knowledge to the team having helped scale numerous high-growth technology companies during the course of his career at Aldrich Capital and Goldman, Sachs & Co. "
Last year PhishMe was able to double its revenues year-on-year, with the fourth quarter generating the greatest takings in the firm’s history, and also double its staff to more than 100, poaching some sales workers from security vendors Secureworks and Websense.
As well as moving to a new headquarters in Northern Virginia in the US, the company also expanded into the Middle East and Europe, setting up offices in London and Dubai.
"PhishMe’s continued growth and innovation provides an exciting opportunity for Paladin to lead this Series B funding round," said Christopher Steed, Principal at Paladin Capital Group.
"Sophisticated spear-phishing attacks continue to be the dominant attack vector and are a priority of CISOs when it comes to combating cyber threats. We believe PhishMe is well positioned to continue scaling its solutions to positively impact the human element of cybersecurity."
