Osney Capital has closed its first venture capital fund, raising over $92 million to back early-stage cybersecurity startups in the UK and Canada. The UK-based firm is opening a Calgary office led by Adam Cragg, formerly of Innovate Calgary. Cragg emphasized strong UK–Canada ties and noted Canada’s AI, quantum, and data centre strengths.
Osney will invest in up to 30 startups, with cheques between £250,000 and £2.5 million. The British Business Bank led the raise, alongside IronGate Capital Advisors and Canadian family offices. Osney is positioning itself as the only VC focused solely on seed-stage cybersecurity across both countries.
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