DynaRisk, a London-based cyber risk management company, has secured $4.7mn in a funding round led by YFM Equity Partners.
The capital will accelerate product development and fuel global expansion, strengthening the firm’s position in the insurance technology space.
Founded in 2016, DynaRisk builds cyber intelligence and risk reduction tools for individuals and businesses. Its platform includes vulnerability scanning, dark web monitoring, security scoring, educational modules, and real-time threat remediation.
Distribution runs through insurers, reinsurers, brokers, and MGAs, reaching 2.4mn consumers and 800,000 SMEs through 25 insurance partners.
Clients include Beazley’s Turnkey Reinsurance, Arthur J. Gallagher, REEOIC, SCOR, Chubb, SPB UK & Ireland, Aspire Insurance Advisers, Ridge Canada, and BOXX Insurance.
Andrew Martin, CEO of DynaRisk, said brokers, MGAs, and carriers are increasingly focused on cyber as a critical risk segment for both individuals and SMEs.
While at global banks, I saw large firms rely on enterprise security systems with high complexity and cost. We created DynaRisk to bring that level of defense into the insurance channel in a scalable way
Andrew Martin, CEO of DynaRisk
“YFM recognized the commercial need and long-term potential. Their backing enables us to accelerate product growth and expand our international presence,” Martin noted.
YFM’s Investment Director, Matt Gordon-Smith, said DynaRisk operates in one of the most dynamic areas of insurance.
The platform has earned trust among leading insurers and brokers. With rising demand for value-added cyber services, DynaRisk is positioned to support the market with scalable threat intelligence and underwriting tech. We look forward to supporting their next phase.
YFM’s Investment Director, Matt Gordon-Smith
The funding will support DynaRisk’s global scale-up and enhance its cyber risk management platform for both insurance providers and policyholders.
DynaRisk was born in 2016 after CEO, Andrew, identified a gap in the market for simplified and accessible cybersecurity solutions backed by great threat intelligence.
Andrew started out as a self-taught hacker as a teenager before realizing that going down the full-time hacker route could lead to a run-in with the law. He got into the corporate world to help various global banks protect their customers from cyber-attacks, where he worked his way up from a security operations analyst to senior leadership positions.
While helping banks defend against hackers, he noticed that larger corporations had access to expensive and complex enterprise-level software; however, individuals, families and small to medium-sized businesses lacked these options.
Andrew found that the insurance industry was in desperate need of risk management solutions to give to policyholders to protect them from cyber-attacks which led to the development of our first product, Cyber Xpert, in 2017. In 2020 we developed our business risk management software Breach Defence, and in 2022, we launched Breach Check for monitoring large portfolios of companies for cyber risks.
The company now supports over 20 clients who are protecting hundreds of thousands of consumers and thousands of businesses around the world from our hubs of London, UK and Krakow, Poland.
