PhishLabs Secures Investment, Builds on Success Protecting Against Spear Phishing

Charleston, SC -- PhishLabs, the leading provider of 24/7 cybersecurity services that protect against the exploitation of people, announces the closing of a $7 million Series B investment from Fulcrum Equity Partners. This funding will be used to accelerate growth and build upon the company's success in transforming how organizations stop spear phishing attacks and data breaches.

"The way most organizations try to stop phishing attacks isn't getting the job done. We are changing that and we're thrilled to have the support of Fulcrum Equity Partners as we grow," said John LaCour, Founder and CEO of PhishLabs.

In June, PhishLabs launched Spear Phishing Protection, a groundbreaking new solution that is the industry's first around-the-clock security service designed to disrupt spear phishing attacks before the compromise of targeted systems and data. This Series B funding round affirms the company's ability to help organizations dramatically improve their security posture and reinforces the company's position as the authority on phishing protection.

"PhishLabs has gained unmatched expertise and deep domain knowledge from fighting back against real-world phishing threats," said Frank X. Dalton, partner with Fulcrum Equity Partners. "They are uniquely poised to help organizations solve their phishing problems."

PhishLabs is one of the fastest-growing cybersecurity firms in the United States and has been ranked two consecutive years in the Inc. 5000 list. The company is also rated in the Roaring Twenties as the top performing small technology company in the state of South Carolina. Top global organizations, including four of the five largest U.S. financial institutions and some of the leading social brands, use services from PhishLabs.

About PhishLabs

PhishLabs is the leading provider of 24/7 cybersecurity services that protect against threats that exploit people. The company is trusted by top organizations worldwide, including 4 of the 5 largest U.S. financial institutions. PhishLabs combines proprietary technology, intelligence, and human expertise to rapidly detect, analyze, and stop targeted cyberattacks before they impact organizations. Additionally, the company provides robust threat intelligence that strengthens existing cyber defenses and optimizes threat prevention. Leading organizations partner with PhishLabs to more effectively disrupt targeted cyberattacks, prevent data breaches, and reduce online fraud.

About Fulcrum Equity Partners

Fulcrum Equity Partners is a growth equity fund based in Atlanta, Georgia and invests in a wide variety of industries with an emphasis on information technology, healthcare, and technology enabled business service companies. Fulcrum provides equity financing of up to $10 million over the life of the investment to meet a wide range of needs, including internal growth initiatives, acquisitions, management buy-outs, shareholder liquidity and recapitalizations. Additionally, the partners have over 100 years of relevant experience, including operations, venture capital, mezzanine finance, accounting, law, investment banking and strategy consulting. For more information, visit www.fulcrumep.com.

Editors Note: Phishlabs was a resident start-up company at the Charleston Digital Corridor's Flagship and Flagship2 incubator facilities.