Tech investment firm Iziko2.0, with supporting funding from RMB Ventures, acquires minority share in cyber security start-up Port443. CyberSecurity start-ups Iziko2.0
“The funding will be used to expand Port443’s reach further into the Middle East and Africa region by adding key software development personnel, and supporting our marketing, sales and product enhancements for early adopters of next-generation automations in cyber security,” says Port443 co-founder and director ML Conradie.
RMB Ventures is an on-balance sheet investor. It invests predominantly in established South African businesses with demonstrated track records. RMB Ventures partners with companies and management boards to provide flexible equity and debt funding packages. Iziko2.0 target companies must have developed their own IP and deliver platform-based services that are globally relevant, it adds.
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