# Cado Security funding: rounds and investors

> Cado Security has raised $21M across 2 rounds since 2023. Investors include Eurazeo, Eleven Ventures and Ten Eleven Ventures. Every round with its source.

Source: https://millionrounds.com/company/cado-security (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Cado Security*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity

Funding summary Updated 26 Oct 2026

**$21M** raised across 2 rounds since 2023, from 2 sources

**$20M** Series B **$1.2M** Round

- **Latest round:** Round, $1.2M Jun 2025
- **Biggest round:** $20M Series B · Mar 2023
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2024 2025

**$20M** Series B

**$1.2M** Round

- **First round:** Series B, $20M
- **Biggest round:** $20M
- **Between rounds:** 2.3 years

## The rounds

- **Jun 2025** Round **$1.2M** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet
- **Mar 2023** Series B **$20M** *4 new* [Eurazeo](https://millionrounds.com/fund/eurazeo) [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) [Ballistic Ventures](https://millionrounds.com/fund/ballistic-ventures) Source recorded

## Funding filed with regulators

Cado Security filed one raise, $1.2M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Jun 2025 **$1.2M** UK share allotment

## Founders and team

From Cado Security's own website: 10 on the team.

- **Ed Jennings** President and CEO
- **Adam Towns** Chief Financial and Operating Officer
- **Beth Shea** Chief Customer Officer
- **Chris Kozup** Chief Marketing Officer
- **David Morris** Chief Legal Officer
- **David Smith** Chief People Officer
- **Issy Richards** Chief Product Officer
- **Michael McGuinness** Chief Revenue Officer
- **Mike Beck** Chief Information Security Officer
- **Stephen Pickman** Chief Technology Officer

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series B** 2023 **Round** 2025 [Eurazeo](https://millionrounds.com/fund/eurazeo) [Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) [Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) [Ballistic Ventures](https://millionrounds.com/fund/ballistic-ventures)

## Everyone who backed them

[Eurazeo](https://millionrounds.com/fund/eurazeo) Private equity **1** round

[Eleven Ventures](https://millionrounds.com/fund/eleven-ventures-3) VC firm **1** round

[Ten Eleven Ventures](https://millionrounds.com/fund/ten-eleven-ventures) VC firm **1** round

[Ballistic Ventures](https://millionrounds.com/fund/ballistic-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cado-security).

## Quick answers about Cado Security

### Who invested in Cado Security?

Cado Security's investors include Eurazeo, Eleven Ventures, Ten Eleven Ventures and Ballistic Ventures.

### How much has Cado Security raised?

Cado Security has raised $21M across 2 rounds since 2023.

### When did Cado Security last raise?

Cado Security's most recent round, $1.2M, was in Jun 2025.

### What was Cado Security's biggest round?

Cado Security's largest round on record is $20M (Series B), in Mar 2023.

### Who backed Cado Security first?

Cado Security's first round on record, in Mar 2023, was backed by Eurazeo, Eleven Ventures and Ten Eleven Ventures and 1 others.

### What stage is Cado Security at?

Cado Security's latest named round is a Series B, in Mar 2023.

### Where is Cado Security based?

Cado Security is based in the United Kingdom.

## Companies like Cado Security

In the same sector, and raised in the last eighteen months.

[**Blackwall** $162M · Oct 2026](https://millionrounds.com/company/blackwall)[**SafeToNet** $23M · Sept 2026](https://millionrounds.com/company/safetonet)[**OneClickComply** $2.1M · Sept 2026](https://millionrounds.com/company/oneclickcomply)[**Outerlimit** $16M · Sept 2026](https://millionrounds.com/company/outerlimit)[**SCI Semiconductor** $13M · Sept 2026](https://millionrounds.com/company/sci-semiconductor)[**Iothic** $4.7M · Sept 2026](https://millionrounds.com/company/iothic)

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