“Best-in-class” cybersecurity provider aims to raise £1.5m to support long-term growth

BrandShield Systems PLC, a leading provider of cybersecurity solutions for brand oriented digital risk protection, has announced its intention to issue new ordinary shares with the goal of raising £1.5m.

BrandShield has developed a “best-in-class highly scalable and comprehensive” solution focused on brand oriented digital risk protection, which has strong cross-sector demand with inter alia; financial, e-commerce, healthcare, and fashion clients

The company operates in a rapidly expanding marketplace, with the threat intelligence market expected to reach $16.1bn (£12bn) by 2025, underpinned by the ongoing proliferation of e-commerce in-turn giving rise to heightened levels of phishing and online impersonation

It is anticipated that BrandShield will use the net proceeds of the placing to build on three key strategic priorities for the company, which includes expanding BrandShield’s sales and marketing efforts, converting the Company’s near-term organic pipeline, and building on the recent launch of BrandShield 3.0.

Yoav Keren, chief executive officer of BrandShield, commented: “We achieved significant strides in 2021 both financially, as demonstrated in our significant increase in ARR, a key metric for the group, and operationally, with our market-leading solution central to our ongoing success.

“We believe this additional funding will enable us to execute on a number of near-term opportunities in our organic pipeline as well as transform our go-to-market strategy to generate sustained long-term growth.

“We have already demonstrated our ability to generate recurring revenue and add clients of different sizes from a variety of industries, and further funding will enable us to accelerate this.”