12/18/2019

CyberGRX Closes $40 Million Financing Transaction to Continue Advancements in Cyber Risk Management

Holland & Hart represented Denver-based CyberGRX, a provider of the world’s first and largest global cyber risk exchange, in its growth investment of $40 million in Series D funding led by ICONIQ Capital, and also included participation from existing investors AllegisCyber, Bessemer Venture Partners, The Blackstone Group, ClearSky, GV, MassMutual Ventures, Scale Venture Partners, and TenEleven Ventures.

With this funding round, CyberGRX plans to continue advancing its innovative and proven approach to reducing third-party cyber risk and it will help enable the company to meet increasing demand, including expanding internationally and driving innovative product development.

Holland & Hart’s venture capital and private equity team advised CyberGRX on the transaction, led by Sam Edwards, with assistance from Paige Coriden and Sara Shelly. Holland & Hart’s full client team for CyberGRX is led by Michelle King and provides a range of legal advice to the company regarding corporate and securities, trademark, commercial and IP contracts, tax, and other legal matters.

For more information, please see CyberGRX’s press release.

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