Balderton 
- Portfolio News
- 21 November, 2024
The funding was led by One Peak, with participation from existing investors Energy Impact Partners and Balderton.
The new investment will propel Coro’s continued market dominance and accelerate its mission to empower SMEs and their service providers with enterprise-grade cybersecurity that’s accessible to all.
This funding round brings the total funds raised to $255 million in the last 24 months.
Coro’s co-founders
Coro is an all-in-one cyber security solution offering an enterprise-grade security software platform to SMEs covering endpoint protection, email & 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 commitment to serving the SME market has led to extraordinary growth and achievements. 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. Coro was named to the inaugural Fortune Cyber 60 and to the 2023 Deloitte Technology Fast 500, in recognition of its achievements as one of the fastest-growing cybersecurity companies in North America.
The new funding will be used to:
- Fuel product innovation: Coro will continue to develop industry-leading security solutions tailored specifically for the SME market through both organic growth and strategic acquisitions, following the successful acquisition of Privatise in 2023.
- Empower channel partners: Coro will further strengthen its channel partner program, providing additional support and resources for its North American MSP and reseller network.
- Accelerate global expansion by establishing local marketing and channel teams and investing in brand awareness to support Coro’s international partners.
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. 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.
