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Coro secures $100m to strengthen Cybersecurity for SMEs

By Gloria Methri

April 01, 2024

  • Balderton Capital
  • Cloud Security
  • Coro
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Coro, Cybersecurity, RegTech, One Peak, USACoro, a cybersecurity platform purpose-built for small and medium-sized enterprises (SMEs), has secured $100 million in Series D funding. One Peak led the investment round, which included existing investors Energy Impact Partners and Balderton Capital.

This funding round brings the total funds raised to $255 million in the last 24 months. The new investment will reinforce Coro’s market presence and accelerate its mission to empower SMEs and their service providers with enterprise-grade cybersecurity that’s accessible to all.

Coro is an all-in-one cybersecurity solution offering an enterprise-grade security software platform to SMEs covering endpoint protection, email and user protection, and network & cloud protection. SMEs are facing increasing volumes and complexity of cyber-attacks and lack affordable solutions to help them adequately protect their tech stack. Coro’s easy-to-use platform enables IT teams and their partners to be protected 24/7 in an automated and affordable way.

Coro’s dedication to protecting and empowering SMEs has been a cornerstone of its success, driving remarkable growth and catapulting Coro to a market leadership position within a few short years. In 2023, Coro expanded its customer base across every industry vertical, achieving 3X year-over-year growth for a record fifth year in a row.

“As a growth investor, we look for companies that target large, underserved markets and are in prime position to dominate that field,” said David KIein, Co-founder and Managing Partner, One Peak. “Coro has already achieved phenomenal growth and success in the SME market. We are convinced that Coro has the right tech stack, a world-class management team, and unlimited potential to scale the business to the next level. We are excited to partner with Coro to help them execute on their vision and support the team in their next leg of explosive growth.”

“Now that Coro is established as a cybersecurity powerhouse for the SME market, the next step on our journey is to offer this radical approach to as many organizations as possible,” said Guy Moskowitz, CEO, Coro. “The best way we can enable this is through our world-class global network of partners, who can launch Coro’s ease of use and simplicity at scale, bringing the current chaos of managing cybersecurity to a halt.”

“We are delighted to continue to support Coro as the leader in providing cybersecurity solutions to SMEs,” stated Rana Yared, General Partner at Balderton Capital. “We believe that providing protection and peace of mind to this segment of the market is critical to economic growth.”

“We are excited to continue our journey with Coro. We expect that the unwavering focus on SMEs, the most underserved segment in the cybersecurity market, coupled with the team’s phenomenal execution, will ensure Coro’s dominance in this market,” said Shawn Cherian, Partner at Energy Impact Partners.

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