London-based cyber risk management firm DynaRisk has successfully raised £3.5 million in investment to drive product innovation and support its international expansion efforts. The funding round, led by YFM Equity Partners, aims to enhance the company’s operations across Europe, the Middle East, Africa, North America, and Asia-Pacific, scaling both its commercial and technical capabilities.
In addition to the financial boost, DynaRisk has appointed serial entrepreneur Phil Zeidler to its board. Zeidler is known for co-founding DeadHappy, which gained attention for its distinctive advertising campaigns but faced controversy in 2023 for including mass murderer Harold Shipman in an advert. The company later entered administration in 2024.
DynaRisk was established in 2016 by Andrew Martin, a former banking cybersecurity specialist and self-taught hacker. Martin identified a need for more comprehensive tools and data in the insurance industry to capitalise on the rapidly growing cyber insurance and assistance market. Today, DynaRisk collaborates with insurers, brokers, and managing general agents to provide individuals and businesses with essential tools for online protection. Their offerings include threat intelligence-driven SaaS products, portfolio-level monitoring, and helpline services.
The firm currently supports over 25 insurance customers globally, covering approximately 2.4 million consumers and 800,000 small and medium-sized enterprises.
Andrew Martin commented, “Brokers, MGAs, and insurers are keen to access the expanding cyber insurance market as cyber risk has become a critical challenge worldwide. DynaRisk bridges the gap for the insurance sector, offering industry-leading threat intelligence and risk management software, along with cyber incident response services. YFM quickly grasped our vision, and their support will be vital as we scale globally and enhance our platform to meet increasing demand.”
Matt Gordon-Smith, Investment Director at YFM, added, “DynaRisk has developed impressive platforms and a robust client base in one of the fastest-growing insurance market segments. With escalating cyber threats, insurers and brokers are under pressure to deliver more value to policyholders. DynaRisk’s embedded intelligence platforms and services are ideally positioned to meet these needs. We are thrilled to support Andrew and his team as they expand internationally and continue to lead innovation in cyber risk management.”
