- Xentra raised £2.7 mn from Maven VCTs and NPIF II – Maven Equity Finance to fund its next growth phase.
- The company will use the investment to strengthen senior leadership, accelerate customer acquisition, expand sales and marketing, and develop its customer portal and STAX product suite.
- Xentra’s annual recurring revenue has quadrupled over the past two years, supported by SME demand for outsourced, subscription-based cybersecurity, compliance and safeguarding services.
Leeds-based digital security startup Xentra has raised £2.7 mn from the Maven VCTs and NPIF II – Maven Equity Finance to fund its next growth phase.
The company provides cybersecurity, safeguarding and regulatory services to SMEs through a subscription-based model. The funding gives Xentra more room to strengthen its senior leadership team, speed up customer acquisition and generate more revenue from existing accounts.
Xentra CEO Henry Doyle said the investment gives the business resources to accelerate growth plans and strengthen every part of the company. He said Xentra has built its proposition around expert advice, responsive support and practical services for customers managing more complex cybersecurity, regulatory and safeguarding demands.
The funding will allow us to invest in our people, our technology and our customer experience, ensuring we continue to deliver the high levels of service now expected as we scale.
Xentra CEO Henry Doyle
He added that Xentra was pleased to partner with Maven and NPIF II after several strong years for the business.
Marc Fairclough founded the company in 2021 as Fairtech Solutions. The business later rebranded as Xentra after an acquisition and strategic restructuring.
Xentra delivers managed cybersecurity and digital protection services for organisations that need to assess, deploy and manage security infrastructure without building large internal teams.
Its model combines technology, managed services and specialist advice through STAX bundles and a customer portal.
The company says its packaged services simplify procurement and management of cybersecurity, regulatory and safeguarding tools. For SMEs, that matters. Buying separate tools, negotiating vendors and managing security cover around the clock gets messy fast.
Maven Investment Manager Lewis Jones said Xentra operates in a growing market where demand for outsourced, subscription-based cybersecurity has increased because of cyber risk, regulatory standards and insurance requirements.
Henry Doyle and the senior team bring decades of experience working with cyber vendors, which helps them select suitable services for customers.
Maven Investment Manager Lewis Jones
He said Xentra has quadrupled annual recurring revenue over the past two years across a customer base of more than 90.
Xentra plans to use the capital for sales and marketing, product development and customer experience. The company will also invest further in its proprietary customer portal and expand its STAX product suite.
Those investments are intended to deepen Xentra’s modular subscription offering, increase customer retention and grow recurring revenue as SMEs spend more on cybersecurity, safeguarding and regulatory services.
