The £2.7 million funding deal also involves the Scottish Investment Bank and will allow the capital firm to scale its business internationally.
The growth capital deal was instigated by Quorum Cyber’s managing director Federico Charosky, who has a 40 per cent stake in the business.
Neal Allen, a director at financial advisory firm HNH, said: “While Covid-19 and Brexit have created a challenging financial climate, this growth capital investment demonstrates that there is appetite for growth and investment in Scottish business.”
Charosky said: “Working with HNH and Maven to create the deal has been a fantastic experience. This deal will enable Quorum Cyber to continue growing in a sustainable way.”
David Milroy, partner at Maven, added: “The senior team at Quorum have built a business with an enviable reputation and culture.”
A message from the Editor:
Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.
The dramatic events of 2020 are having a major impact on many of our advertisers - and consequently the revenue we receive. We are now more reliant than ever on you taking out a digital subscription to support our journalism.
Subscribe to scotsman.com and enjoy unlimited access to Scottish news and information online and on our app. Visit https://www.scotsman.com/subscriptions now to sign up.
By supporting us, we are able to support you in providing trusted, fact-checked content for this website.