Osney Capital closes oversubscribed €69 million debut fund for UK cyber startups

UK venture capital firm Osney Capital today announced the final close of its debut fund, oversubscribed at its €69 million (£60 million) hard cap, cementing its position as one of the UK’s first cybersecurity Seed funds. The fund was backed by a cornerstone commitment from the British Business Bank through its Enterprise Capital Funds programme, and is accredited by the UK’s National Security Strategic Investment Fund (NSSIF). Existing investors were joined at final close by Imperial College London’s Endowment and Planet First Partners. Founded in 2020, Osney Capital is a sector specialist VC firm focused exclusively on the early-stage Cyber sector in the UK. The firm is led by founding Partners Adam Cragg, Joshua Walter and Paul Wilkes. According to the firm, cybersecurity is becoming increasingly critical for industry and governments, and growing geopolitical tensions and cyber threats have accelerated demand for sovereign cyber capabilities, creating a significant opportunity for UK cybersecurity companies. In the year since its first close at over €57 million, Osney has completed seven investments into early-stage UK cybersecurity companies at pre-Seed and Seed stage, writing cheques between €289k and €2.8 million against a target portfolio of 30 companies. The investments span AI security, disinformation detection, and software supply chain protection. The UK is home to one of the world’s deepest cybersecurity talent pools, supported by world-leading universities and a growing pipeline of cyber graduates – growing 20% year-on-year according to a 2025 government report. Osney Capital aims to support the formation of the next generation of global category winners from the UK.