Investment Secured for RapidSpike

Leeds-based tech company RapidSpike secures £1million investment.

04:01 21 September 2020

RapidSpike, a Leeds-based tech company, has secured a £1million investment from Praetura Ventures, allowing it to improve and scale its platform and expands its client base. 

 

Sim Singh-Landa, Investment Manager at Praetura Ventures, said: "RapidSpike is one of the most exciting young businesses in the North's tech scene, with a unique platform that allows businesses to build safe, reliable and secure e-commerce websites. We have all seen the huge financial and reputational impact cyber breaches can have on businesses. RapidSpike is well-placed to support the growth in e-commerce and help protect against the rise of cybercrime and particularly the Magecart threat." 

 

He added: "We're confident that the investment, along with the value our knowledge and experience add, will help RapidSpike to become one of the world's leading tech companies specialising in website performance and security at a time went here is a huge demand for these services." 

 

RapidSPike CEO Gav Winter said: "The online retail market has been supercharged this year, sharpening the focus on both customer experience and security. Today's online consumers are sophisticated and have high expectations of transactional websites, meaning companies must ensure an outstanding user experience. At the same time, cybersecurity threats are increasing all the time and businesses are recognising that they must invest to protect themselves and their customers."