Drawbridge, a provider of cybersecurity software and solutions to the financial services industry, has secured a strategic growth investment from Francisco Partners, a global investment firm that specialises in partnering with technology businesses.
Existing investor Long Ridge and Drawbridge’s leadership team will remain significant equity holders in the company.
Founded in 2018, Drawbridge has created an all-in-one platform which allows financial services firms to rapidly deploy, manage, and continuously optimise a cybersecurity programme. The company’s proprietary technology platform helps firms navigate the evolving regulatory and threat landscape, manage governance, risk and compliance (GRC) requirements, and combat sophisticated cyber threats. Drawbridge has recorded rapid and consistent global growth since its inception and is now relied on by over 900 funds in the alternative investment industry to build and maintain their critical cybersecurity programs.
The new investment from Francisco Partners will help drive Drawbridge’s continued expansion and product development to best serve customers across private equity, hedge fund, venture capital, and other industries.
Financial terms of the transaction, which was completed on 1 September, have not been disclosed.
