News Summary

UK-based Osney Capital has launched its first venture capital fund, raising over £50 million to invest in early-stage cybersecurity technology startups across the UK and Canada. The fund aims to bridge the gap between the two regions by supporting UK cybersecurity companies entering North America and helping Canadian startups expand into Europe. Osney plans to establish an office in Calgary and is particularly interested in Canada’s advancements in artificial intelligence, quantum computing, and data centers. The cornerstone limited partner of this fund is the British Business Bank, with other significant contributions from IronGate Capital Advisors, East X Ventures, and undisclosed Canadian family offices. Osney’s first fund surpassed its initial target despite challenging market conditions, marking it as the only VC firm exclusively focused on seed-stage cybersecurity in both the UK and Canada.