Oxford Capital recommits to Red Sift as it secures $54 Million in Series B funding

Red Sift Oxford Capital

Oxford Capital Partners has taken part in a further major funding round for cyber security company Red Sift.

Oxford Capital, one of the original investors in the business, is part of Red Sift’s $54 million in Series B funding, along with Highland Europe which led the round and new and existing investors, including Sands Capital and MMC Ventures.

Michael Graninger, partner at USA-based SANDS Capital, will join the company’s Board of Directors. The new investment brings Red Sift’s total funding raised to $69.8 million.

Red Sift will use the funds to further accelerate its global expansion with plans for a new US headquarters in Austin, Texas, and growth initiatives across the Asia Pacific, Europe, and Middle East regions. Additionally, the company is hiring across all departments, and doubling down on its platform innovation.

With the number of phishing, ransomware, and economy-level disruptions continuing to rise, Red Sift is investing in its cybersecurity products and accelerating technical innovation. To work in unison with its award-winning DMARC product OnDMARC, and advanced threat protection solution OnINBOX, Red Sift is also unveiling its latest solution OnDOMAIN. OnDOMAIN enables security personnel to quickly shut down phishing sites and discover legitimate but unsecured domains while defending their brands, and those within their supply chains, against abuse and reputational damage.

As the only integrated cloud email security and brand protection platform for Office 365 and Google Workspace, Red Sift also automates Brand Indicators for Message Identification (BIMI) and DMARC certification through OnDMARC. Red Sift, alongside partner Entrust, delivers the only integrated solution that helps organizations achieve BIMI certification to enhance email security and protect brand reputation.

Rahul Powar, CEO of Red Sift, said: “It has never been more important for organisations to successfully communicate with and ensure the trust of their employees, vendors, and customers.

“To be a genuine partner to our customers, we must help them protect against multiple interconnected threat vectors. As a result, we built a platform that enables rapid iterations across multiple products that all share a solid, enterprise-ready foundation. We are grateful for the support of our investors to scale our platform and deliver even more value to our customers.”

The funding comes amid significant company momentum. In the last 12 months, Red Sift has more than doubled its annual recurring revenue, doubled global headcount, and grew its customer base to over 700 major brands, including Domino’s Pizza Inc., ZoomInfo, Rentokil Initial plc, and PageGroup.

David Mott, Founding Partner, Oxford Capital, said: “We initially invested in Red Sift in 2016 before they had a single customer and we’re proud to have supported another deep-tech success story in the UK’s innovative tech sector that is expanding globally. At Oxford Capital we’re passionate about backing founders to deliver meaningful impact in their fields and co-founders Rahul Powar and Randal Pinto have delivered significant growth for the company. We’re looking forward to working with them going forward to continue building the business.”