UpGuard raises $105m Series C led by Springcoast Capital Partners
Hobart-based cybersecurity firm UpGuard secured USD75m Series C funding led by Springcoast Capital, with existing investors participating, to expand its risk platform.
Venture capital fund · 2 deals
New York, OS
Every published round Springcoast Partners took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| UpGuard | Series C | 4 Aug 2026 | $105m | Lead | Forbes Australia (4 Aug 2026), SmartCompany (28 Apr 2026), SmartCompany (27 Feb 2026), ontargetish.com, Startup Daily, Forbes Australia (26 Feb 2026), Dealroom, rswebsols.com, Square Peg Capital portfolio | |
| UpGuard | Series C | 26 Feb 2026 | $75m | Lead | PR Newswire, finsmes.com, thesaasnews.com, upguard.com |
Companies Springcoast Partners has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| UpGuard | Cybersecurity firm providing AI-powered cyber risk posture management | 26 Feb 2026, Series C | 2 | 2 |
Fund closes reported for Springcoast Partners, as distinct from the investments it has made.
Companies Springcoast Partners has backed that another company then bought. An exit for the holding, not a deal Springcoast Partners did.
| Name | Role | Sources |
|---|---|---|
| Holger Staude | Managing Partner | Forbes Australia (4 Aug 2026), Forbes Australia (26 Feb 2026), PR Newswire, upguard.com |
Stories naming Springcoast Partners. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Hobart-based cybersecurity firm UpGuard secured USD75m Series C funding led by Springcoast Capital, with existing investors participating, to expand its risk platform.
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Cybersecurity firm UpGuard has announced a $75 million Series C round led by Springcoast Partners, with existing backers joining, to fund product development, global expansion and acquisitions.