Boxphish secures £3.25 million investment to boost growth
Boxphish, a human risk management business based in Leeds, has secured a significant investment of £3.25 million from BGF. The company offers a range of cyber security training courses, phishing simulations, and data analytics to help organizations protect themselves from cyber attacks. Founded in 2020 by Henry Doyle, Dan Bailey, and CEO Nick Deacon-Elliott, Boxphish has quickly become a key player in the UK human risk management sector. With a diverse customer base and a library of training courses tailored to meet the needs of organizations of all sizes, Boxphish has worked with clients such as North Yorkshire Council, University of Cambridge, and Leeds United FC.
The investment from BGF will enable Boxphish to invest in product development, expand its team, and form new partnerships as it continues to grow and help more organizations stay ahead of the ever-evolving threat landscape.
CEO Nick Deacon-Elliott emphasized the importance of combining interactive training with phishing simulations and data-driven dashboards to help organizations identify, reduce, and report on their human cyber risk effectively. The partnership with BGF, known for its experience in working with tech companies, is seen as a strategic move to support Boxphish's growth.
BGF's Rob Johnson, who led the investment deal, praised the expertise and commercial acumen of Boxphish's leadership team and highlighted the potential for continued growth in the years to come. The addition of Andy Dancer as Non-Executive Chair brings valuable experience in scaling tech businesses and will further support Boxphish in executing its growth strategy. With a strong foundation and a network of experienced investors and advisors, Boxphish is poised to solidify its position as a leading player in the human risk management industry.
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