Melius CyberSafe Secures £250k Funding Boost to Enhance Cybersecurity Solutions
Deal News | Jun 04, 2025 | Mercia Fund Management (Mercia Ventures)
Melius CyberSafe, a Newcastle-based company specializing in cybersecurity, has secured an additional £250,000 in funding from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia Fund Management (Mercia Ventures). This investment will enable Melius CyberSafe to expand its market presence, following the release of a new iteration of its cybersecurity platform earlier this year. The CyberSafe platform is designed to offer high-level cybersecurity solutions to SMEs by automating processes such as penetration testing and assisting in accreditation compliance. The platform is gaining traction with clients such as Virgin Wines and Jules B, and the recent funding round increases total investment to date to £1.6 million. With this financial support, the company expects to continue its growth trajectory, with annual recurring revenue almost doubled to over £500,000 and plans to reach £1 million in the near future. The appeal of CyberSafe lies in its ability to make robust cybersecurity accessible and affordable to smaller businesses, amidst increasing concerns about cybersecurity threats.
Sectors
- Cybersecurity
- Venture Capital
- Technology
Geography
- United Kingdom – Melius CyberSafe is based in Newcastle, UK, where the market and geographical focus of the company is primarily situated.
- European Union – The funding support partly comes from the European Regional Development Fund, indicating a broader regional involvement in the company's financial backing.
Industry
- Cybersecurity – Melius CyberSafe operates in the cybersecurity industry, focusing on solutions that protect businesses from digital threats by automating threat detection and security processes.
- Venture Capital – The funding from the North East Venture Fund, managed by Mercia Ventures, highlights the role of venture capital in supporting innovative technology startups.
- Technology – As a platform that automates cybersecurity measures and provides IT network monitoring, Melius CyberSafe falls squarely within the technology industry.
Financials
- £250,000 – The new funding amount raised by Melius CyberSafe from the NEVF to expand its market presence.
- £1.6 million – The total funding amount secured by Melius CyberSafe up to date.
- £500,000 – Annual recurring revenue (ARR) for Melius CyberSafe, which has nearly doubled.
- £1 million – Projected annual recurring revenue (ARR) for Melius CyberSafe in the coming year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Melius CyberSafe | Target Company | Company | A cybersecurity company based in Newcastle providing automated threat detection solutions. |
| North East Venture Fund (NEVF) | Investor | Company | A fund that provides financial backing to businesses in the northeast of the UK, supported by the European Regional Development Fund. |
| Mercia Fund Management (Mercia Ventures) | Managing Entity | Company | Manages the North East Venture Fund and provides investment expertise and capital to burgeoning companies. |
| European Regional Development Fund | Support Entity | Government | A European Union fund providing financial assistance to regions within the EU to promote economic development. |
| Richard Brown | CEO | Person | Chief Executive Officer of Melius CyberSafe, responsible for overseeing the company's operations and strategy. |
| Ian Wilson | Fund Principal | Person | Principal at Mercia, playing a key role in investment decisions and fund management. |