- Greenville, South Carolina-based cybersecurity company Mailprotector announced it raised $5 million in growth equity funding from Ballast Point Ventures
Greenville, South Carolina-based cybersecurity company Mailprotector announced it raised $5 million in growth equity funding from Ballast Point Ventures. The company will use the funding to accelerate product development, grow sales and marketing efforts, and expand services to its network of Managed Service Providers (MSPs).
Mailprotector has more than a decade of experience providing highly available and highly secure email solutions to organizations around the world. And as a cloud-based email security, compliance, encryption, and hosting platform, Mailprotector’s platform is engineered with partners’ management needs as a top priority.
Mailprotector puts a premium on user experience and security with its advanced product stack, including CloudFilter, SafeSend, SecureStore, XtraMail, CloudMail, Exchange+, and Bracket. And the company’s patent-pending flagship email encryption product Bracket is as simple to use as it is secure.
Key Quotes:
“Mailprotector is dedicated to empowering our channel partners with highly valued services and profitable recurring revenue streams. We know that email is still the prime vector for cyber-attacks, especially financially crippling ransomware and phishing threats. This investment means we can supercharge the development of our world-class cybersecurity protection tools for our partners and their clients, giving them an even stronger first line of defense against cyber threats and user error,” Setzer added. “We were thrilled to find in Ballast Point a firm that aligns with our channel partner commitment and one who respects our stewardship responsibilities in those relationships.”
-Mailprotector founder & CEO David Setzer
“We are excited to partner with David, CTO Ben Hathaway, and the entire Mailprotector team to drive continued email security leadership and technology innovation. BPV has a long history of supporting high-growth software companies throughout the Southeast, and we have been impressed with David and his team as they have built industry-leading email security tools with limited outside capital investment.”
-Robert Faber, Partner at Ballast Point Ventures — who will join Mailprotector’s Board of Directors
