by Jim Masters • Sep 7, 2022
Drawbridge, a cybersecurity software and solutions provider to the financial services industry, has received a strategic growth investment from Francisco Partners, a global investment firm that specializes in partnering with technology businesses, the companies announced September 7.
Drawbridge’s Financial Services Focus
Drawbridge, founded in 2018 and headquartered in Palm Beach Gardens, Florida, has 79 employees listed on LinkedIn. It’s core business centers on an all-in-one platform enabling financial services firms to rapidly deploy and manage a holistic cybersecurity program.
The company’s technology platform helps enterprises:
- Navigate the evolving regulatory and threat landscape
- Manage governance, risk and compliance requirements
- Combat sophisticated cyber threats
More than 900 funds in the alternative investment industry use Drawbridge’s platform to build and maintain their cybersecurity programs, the company said, adding that Francisco Partners’ investment “will help drive Drawbridge’s continued expansion and product development to best serve customers across private equity, hedge fund, venture capital and other industries.”
Since its launch over 20 years ago, Francisco Partners, based in San Francisco, California, has invested in more than 400 technology companies, according to its website.
Investment Accelerates Innovation
Jason Elmer, Drawbridge founder and CEO, explained the advantages of the investment:
“We are thrilled to announce this new investment from Francisco Partners, which will allow us to accelerate our technology innovation and continuously focus on customer success. Drawbridge was founded to provide financial services firms with the state-of-the-art software and solutions they need to simplify and manage the complex and evolving cyber risk landscape. The industry is facing increased cyber threats and escalating due diligence demands, and this new investment will enable Drawbridge to provide an even greater level of support to our customers.”
Existing investor Long Ridge and Drawbridge’s leadership team will remain significant equity holders in the company, according to a prepared statement. Financial terms of the investment were not disclosed.