Sendmarc builds software that implements, monitors and maintains email authentication standards (SPF and DMARC) to prevent domain spoofing and email impersonation. The company was founded in 2020 by Sam Hutchinson, Keith Thompson and Sacha Matulovich after selling their prior communications platform. Its technology helps customers lock down domains and monitor attempted abuse, and it targets a largely underserved market of businesses that have not yet implemented global email security standards. Sendmarc has 1,000+ paying customers (about 80% in South Africa) including stock exchanges, law firms, insurers, banks, startups and law enforcement agencies across multiple regions. Customers pay monthly subscriptions between $49 and $119, generating over $2 million in ARR since 2021. The company has offices in the Netherlands, Argentina and Canada and plans to expand its product suite and scale to serve up to 100,000 customers in the next five years while growing sales teams across Africa, the U.S., Europe and Latin America. Sendmarc provides end-to-end implementation and monitoring of the DMARC industry standard to stop scammers from spoofing customers' domain names and sending fraudulent emails. The startup configures DNS and reporting for clients and charges between R450 and R50,000 per month for its service. Launched operations in July last year, Sendmarc is working with about 100 companies covering over 200 domains, though not all are paying customers. The company was founded in 2018 and has seven employees, with plans to hire roughly 10 more (sales and developers) in the next two to three months. Founders Keith Thompson and Sam Hutchinson initially self-funded the business, contributing roughly R1-million since inception; Sam joined full time in October last year and Sacha Matulovich joined recently. Management aims to expand the service to as many as 200,000 small and medium-sized firms in South Africa, while noting competition from established players such as Mimecast.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2023