usecure Raises Series A to Accelerate Global Growth

usecure, a Manchester-based cybersecurity company specializing in human risk management solutions for MSPs and IT teams, has secured its first Series A investment from London-based growth equity firm Kennet Partners. Established in 2016 by Charles Preston, usecure has achieved an annual recurring revenue (ARR) of £3 million without prior external funding and now aims to leverage this capital injection to accelerate its global expansion plans. The investment marks a significant milestone for usecure as it seeks to enhance its product offerings and secure a leadership position in the rapidly expanding markets of cybersecurity and managed service providers (MSPs). The funding comes from Kennet VI, a £230 million fund dedicated to scaling high-growth software companies. With over 400,000 end-users and a team of 45 staff serving 10,000 global customers, usecure plans to bolster its global presence, enhance product development, and strengthen the delivery of partner-focused services. Kennet's expertise in scaling SaaS businesses will be pivotal as usecure strives to position itself as the global leader in human risk management.