My1login Raises Further $500K To Help Businesses Get Security-Savvy With Its Cloud-Based Password Manager
Most of us employ weak passwords and should know better. Blah blah blah. But actually, as boring as the topic of password security is, get found wanting and the repercussions can be anything but dull (and extremely costly). Just ask the Associated Press.
Aiming to help users double-down on their password security is 1mylogin, which offers a cloud-based password manager. Today the UK startup has announced that it raised an additional $500,000 or so in funding that it will use to market its relatively new business offering soft-launched last month.
This brings the total raised by my1login to approximately $1.5 million via a mixture of grants and equity financing. This latest seed round comes from previous backers Scottish Investment Bank, the investment arm of Scottish Enterprise, and TRI Capital and Equity Gap, in addition to a number of unnamed angel investors.
Launched early last year, my1login’s freemium-based consumer…
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