Cybersecurity startup Riskive, which specializes in social risk management for social media accounts, has raised $2.2 million in a new round of seed funding, according to a statement from the company based in the Federal Hill neighborhood.
The funding, which Technically Baltimore picked up in our Startup Roundup last week, comes from Genacast Ventures (a Philadelphia fund formed in partnership with Comcast Ventures) and Core Capital, along with some local investors, including Greg Cangialosi of the Baltimore Angels and Frank Bonsal, founder of New Enterprise Associates.
While attracting early-stage capital is an area where Baltimore, the city and region, has room to improve, the Betamore-based startup benefitted from having a group of “strategic investors,” said Riskive CEO James Foster.
“We were very fortunate during our process as we had the ability to select only strategic investors that knew our space and wanted to be active with us as we quickly grew our business,” he said. “While the Mid-Atlantic region is still not on par with California, NYC or Boston, it’s early-stage funding resources are continuing to grow in size and maturity.”
Riskive, which won the Cyber/Homeland Security award at this year’s Incubator Company of the Year Awards, employs 12 people full-time “with the goal of 15 by the end of August,” Foster said.
VitusVet moves to Baltimore from Columbia, plans hiring
MICA’s UP/Start Venture Competition meant progress and funding for these 8 startups
Here’s a look at 11 Johns Hopkins student startups working in health, VR and beverages
How SmartLogic accelerated these startups’ product growth trajectories
Here are the winners of the 2019 Maryland Cybersecurity Awards
Power Moves: Frank Bonsal III is leaving TU incubator, returning to venture capital
Inside the North Baltimore company that discovered some of tech’s biggest security vulnerabilities
This fast-growing SaaS company aims to be a force for change in the energy industry
Sign-up for daily news updates from Technical.ly Baltimore