SG Credit Partners provided a $3 million growth capital facility to Foresite, a provider of cybersecurity managed security services, compliance and consulting.
“Accelerating digital transformation requires pivoted business strategies and technological shifts for enabled speed and agility,” Matt Gyde, CEO of Foresite, said. “Foresite Cybersecurity is expanding its offering in cloud-based security operations to facilitate new ways of working and problem-solving for our customers.”
Foresite is a portfolio company of Elsewhere Partners, an Austin, TX-based growth stage venture capital firm focused primarily on B2B software companies.
“Foresite offers mid-market and enterprise customers a turnkey cybersecurity solution through their proprietary, AI-driven ProVision software platform and complementary assurance and consulting services,” Michael Massad, vice president at Elsewhere Partners, said.
“We are thrilled to partner with the team at Foresite and to assist the company in achieving its growth objectives,” Spencer Brown, managing director of SG Credit Partners, said. “There has never been a better time for businesses to invest in cybersecurity support and there are very few companies that can compete with Foresite’s product suite, service level and price point.”
