Drawbridge, a provider of cybersecurity software and solutions to the alternative investment industry, has closed a minority investment from Long Ridge Equity Partners.
Drawbridge will use the funds to accelerate product innovation, expand sales and marketing activities across North America and EMEA, and continue investing in its people, platform, and client services. The investment follows a period of dramatic growth for Drawbridge. Over 300 funds in the alternative investment industry – including hedge funds and private equity funds – with more than USD800 billion in Assets Under Management work with Drawbridge to build and maintain their cybersecurity programs.
As part of the investment, Kevin Bhatt and Jason Melton of Long Ridge will join members of the Drawbridge executive team on the Board of Directors.
Read more at Private Equity Wire
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