London cyber security startup valued at $100m after ICG acquire minority stake

Funding | Mergers & Acquisitions | South East | Technology

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Technology consultancy 6point6 has received investment from Intermediate Capital Group (ICG) to acquire a minority stake in the business, valuing the company at circa $100m. The financial terms of the transaction have not been disclosed.

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6point6 has grown to over 200 staff since its launch in 2012, working across both public and private sectors.

It was named in both the FT’s fastest growing European companies list and the Tech Track 100 for driving change through innovative technologies with the likes of Clear Bank, BBC and the Home Office.

Specialising in cyber security with its R&D Lab in London, 6point6 recently partnered with the UK’s consumer champion organisation Which? to highlight digital vulnerabilities across multiple sectors.

The investment from ICG will support 6point6’s continued growth as they scale across new verticals and launch throughout Europe and North America.

6point6 CEO David Webb said: “After nine years of tremendous, independent growth, we are excited to be bringing ICG on board as partners during the next phase of our growth. With this investment, we are looking forward to the opportunity to drive change across many more businesses globally through the positive impact of technology.”

ICG’s European Mid-Market Investment Professional Liam McGivern added: “We are delighted to support the growth plans of the 6point6 team. With its ability to deliver secure digital transformation, 6point6 is well suited to benefit from the growing market demand. We are committed to supporting innovation and helping companies grow, and are looking forward to our continued partnership with 6point6.”

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