Startup · $205m raised · Cybersecurity · AI
Cybersecurity firm providing AI-powered cyber risk posture management
Hobart, TAS
Every investor coverage indicates participated in a round UpGuard raised.
| Investor | Rounds | Invested |
|---|---|---|
| August Capital | Series C · Series C | - |
| Pelion Venture Partners | Series C · Series C | - |
| Springcoast Capital | Series C | - |
| Springcoast Capital Partners | Series C | - |
| Springcoast Partners | Series C · Series C | - |
| Square Peg Capital | Series C · Series C | - |
| Firemark Ventures | Series B | - |
| Startmate | Accelerator | - |
Investors whose own portfolio pages list UpGuard, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Glitch Capital | its portfolio page ↗ |
Companies UpGuard acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alan Sharp-Paul | Founder | Forbes Australia (4 Aug 2026), SmartCompany, Startup Daily, Forbes Australia (26 Feb 2026), rswebsols.com, Forbes Australia (30 May 2024) |
| David Johnson | Head of GTM Automation (former) | ontargetish.com, Startup Daily, Dealroom |
| Holger Staude | Managing Partner | Forbes Australia |
| Mike Baukes | CEO · Founder | Forbes Australia (4 Aug 2026), SmartCompany, Startup Daily, Forbes Australia (26 Feb 2026), rswebsols.com, PR Newswire, finsmes.com, upguard.com, Startmate, Forbes Australia (30 May 2024) |
| Phoebe Pincus | CEO | Forbes Australia |
Stories naming UpGuard. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian startup Enrola has banked seed funding to scale its AI sales agent after pivoting from an education marketplace, with a new growth head joining.
Also Startup Daily·This Week in Australian Startups·ontargetish.com·bushletter.com·SmartCompany
Hobart-based cybersecurity firm UpGuard secured USD75m Series C funding led by Springcoast Capital, with existing investors participating, to expand its risk platform.
Square Peg's half-year investor letter reports two funds reaching final close, three exits including Talon.One's sale to Adyen, realisations past US$1bn, and a framework for judging AI disruption across its portfolio.
Square Peg reports 30% portfolio growth, US$1bn+ cumulative realisations, US$138m returned this half, closes two new funds, and outlines an AI disruption framework.
Cut Through Venture's quarterly data shows Australian startup funding rebounding strongly, yet capital concentrating in a few large rounds while mid-sized companies struggle to raise.
Also Cut Through Venture
Weekly roundup covering UpGuard's $105 million Series C and EatClub's $27 million Series B, plus earlier funding history for both Australian companies.
Hobart cybersecurity company UpGuard has landed US$75 million in Series C backing led by Springcoast Capital, with the article also recalling earlier Startmate and Firemark Ventures rounds.
Also Dealroom·Forbes Australia·Startup Daily·SmartCompany·ontargetish.com·SmartCompany·Forbes Australia
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.
Startmate reflects on a decade of backing founders, profiling breakout alumni across its cohorts and describing how its mentors reinvest in newer startups, alongside its fund model and returns.
Glitch Capital, a new $50m vehicle led by Leigh Jasper and backed by exited unicorn founders, has completed its first deal, backing Melbourne edtech firm Cadmus.
Square Peg's half-year letter to investors reviews 2024: $146m invested, $220m returned via five exits, fund value up to $3.25bn, plus portfolio raises at Rokt, Constantinople, Exodigo, Cuttable and Supabase.
Square Peg's half-year investor letter reviews 2024: portfolio growth, $220m returned across five exits, a Rokt secondary at a $3.5bn valuation, and recent raises at Constantinople, Exodigo, Cuttable and Supabase.
Also Square Peg Capital·SmartCompany·Startup Daily·SmartCompany·Australian FinTech·Forbes Australia·Dealroom·Dealroom
A profile of Startmate ranking the twenty most valuable companies it has backed, noting their valuations, past raises and founders, plus Bugcrowd's newly announced purchase of Informer and its climate focus.
Startup Daily covers Startmate's Winter 2023 accelerator intake of 13 startups, the accelerator's reported fund performance, its backer returns, and an upcoming Demo Day alongside SXSW Sydney.
Secondaries fund SecondQuarter has reached an $83m first close on its second vehicle, aiming past $100m, with founder-angels and Minderoo among new backers; its portfolio includes past sales of ActivePipe and A Cloud Guru.
Also Techboard
A Cloud Guru co-founder Sam Kroonenburg joins SecondQuarter Ventures as venture partner as it closes $100 million for fund two; the piece also recalls A Cloud Guru's sale to Pluralsight and Moxiwork buying ActivePipe.
Also Techboard·Startup Daily
Square Peg's investment note recounts co-leading HealthMatch's $6 million Series A after an accelerated five-day process, profiling founder Manuri Gunawardena's clinical trial matching platform and existing backer Tempus Partners.
IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.
Also Startup Daily
Square Peg Capital's year-in-review recaps its 2021 portfolio: raises it led or joined, SPAC listing decisions, Vend's acquisition, new investment-team hires, and its newsletter and podcast output.
Also Cut Through Venture·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Techboard·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·myzeller.com·Australian FinTech·@AuManufacturing·Australian FinTech·Forbes Australia·Dealroom·rswebsols.com·Crunchbase News·TechCrunch Australia
Commentary piece on VC exit strategies (IPO, trade sale, secondary sale) referencing recent Australian tech M&A deals and venture funding rounds including Sendle, UpGuard, Sonder and others.