Brookstreet Announces Its Investment in CyberOwl (Maritime Cybersecurity Specialist)

BROOKSTREET ANNOUNCES ITS INVESTMENT IN CYBEROWL (MARITIME CYBERSECURITY SPECIALIST)

Brookstreet Equity Partners LLP (“Brookstreet”) announces its investment in maritime cybersecurity specialist CyberOwl, alongside UK Investment Network 24Haymarket, UK Asset Manager Mercia and US VC Techstars.

CyberOwl, based in the United Kingdom with operations in Singapore and eminently in Greece, is a specialist in maritime cybersecurity. As the maritime sector relies more heavily on digitalisation and increased connectivity, cybersecurity is becoming a critical capability gap in the resilience of the global supply chain. CyberOwl's flagship proposition, Medulla, is a cyber risk monitoring system that helps asset operators gain visibility, cybersecurity and cyber compliance of their remote, marine systems. With a rapidly growing customer base comprising some of the leading shipping lines across the UK, EMEA and Asia Pacific, CyberOwl is poised to become one of the world's largest aggregators of maritime cyber risk intelligence. CyberOwl was shortlisted for the Lloyds Science of Risk Prize, selected into the first GCHQ Cyber Accelerator Programme and is part of the UK Government's centre of excellence for cyber security innovation - the London Office for Rapid Cybersecurity Advancement (LORCA).

Daniel Ng, CEO of CyberOwl, stated:

“Given CyberOwl's focus on the maritime sector, Greece has always been a priority for us. We already work with a number of leading Greek shipping companies that are pioneering advancements in vessel digitalisation and modernisation in the quest for net zero, increased efficiency and better seafarer welfare. In 2022, we are expanding CyberOwl's footprint in Greece in order to improve our ability to cater to the needs of shipping companies in the region. Working with a partner like Brookstreet, who has a team with deep knowledge and very broad networks in Greece, will help put rocket fuel into powering our growth. I am excited to see where this relationship takes us”.

Omiros D. Sarikas, Managing Partner (CEO) of Brookstreet, stated:

“We are pleased to welcome Daniel and CyberOwl to the Brookstreet family, taking a significant investor stance. This truly international deal with notable co-investors (defined by Pitchbook as funds that have made at least three 3x Unicorn 1BN+ exits in the past five years), is a landmark transaction where Brookstreet supports a UK firm to target Greece. CyberOwl will be the leading player in the Internet of Things Software with Endpoint Security for the Maritime Industry - its technology promotes ESG compliance, Net Zero efficiency and Poseidon Principles. The firm has received major orders from Greek and International Shipowners and already secured world-wide funding in advance of the next round with detailed news released later in March. The deal with CyberOwl has significant synergies with our existing portfolio and marks a new era of investments leading to Brookstreet 2.0”.

Brookstreet is a London-based investment group supporting companies which experience transformational growth. It was founded by M&A, McKinsey and CEO veterans to bring established scale up practices in asymmetric markets. Our mission is to be the leading investor and partner for innovative outliers. We have a global network and platform which outreaches USA, UK, Continental Europe, Middle East and Asia. Brookstreet was recognised as a “DraxFuture40 Investor” that helps shape the future of Europe. Amongst its many awards, the firm takes particular pride in being a “Commercially Motivated” investment house. We invest in 4th Industrial Revolution (4IR) and ESG Technologies including but not limited to Nanotech, Internet of Things, Artificial Intelligence, Robotics and Cybersecurity.

Advisors: Papapolitis & Papapolitis, Shakespeare Martineau, Rooney Nimmo, Candesic, Alter Domus 

Bankers: Barclays

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