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§ Private Profile · Surry Hills, New South Wales, Australia
Revenue-generation platform automating proposals, agreements, billing, and payments for accounting and professional services firms.
Ignition has raised $78.2M across 5 funding rounds.
Key people at Ignition.
Ignition has raised $78.2M in total across 5 funding rounds.
Ignition is a revenue-generation platform automating proposals, client agreements, billing, and payment collection for accounting and professional services businesses. It aims to enhance efficiency and profitability for firms by streamlining administrative workflows and enabling faster payment collection. Originally Practice Ignition, the company has expanded its focus over a decade from accounting and bookkeeping firms to a broader range of professional services. Early investors included notable industry figures Ron Lesh, founder of BGL Corporate Solutions; David New, Managing Director, APAC; and Craig Winkler, co-founder of MYOB and former non-executive director of Xero. Founded in 2013 by Guy Pearson, who also serves as CEO, and Dane Thomas, the company evolved from Pearson's prior experience running an accounting practice. Its business model centers on not detailed in available sources. Early funding came from family, friends, colleagues, and industry investors.
Ignition has raised $78.2M across 5 funding rounds. Most recently, it raised $8.0M Seed in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 25, 2023 | $8M Seed | Altman Capital, Nakul Mandan | — | Announced |
| Nov 17, 2021 | $47.6M Series C | Sureel Sheth | Howard Leibman, Tiger Global | Announced |
| Sep 1, 2019 | $18M Series B | Tiger Global Management | Craig Winkler, Right Click Capital | Announced |
| May 1, 2017 | $4M Series A | Howard Leibman | Tiger Global Management, Adrian DI Marco, Craig Winkler, Black Sheep Capital, Benjamin Chong | Announced |
| Feb 20, 2014 | $650K Seed | — | Craig Winkler, Stuart Mcleod, Trineo | Announced |
Key people at Ignition.
Ignition Technology Ltd. is a UK-based cybersecurity distributor specializing in SaaS and cloud security solutions, founded in 2015 and headquartered in Farnborough.[1][3][5] It serves value-added resellers (VARs) and partners across EMEA by sourcing innovative, emerging vendors, enabling them to deliver cutting-edge cybersecurity to end customers while de-risking business operations and driving transformation through channel partnerships.[2][3][6] With over 100 staff, operations in 6 EMEA regions, trust from 1,000 VARs, and evaluation of 5,000+ technologies, Ignition accelerates vendor growth from challengers to leaders, bolstered by its 2021 acquisition by Exclusive Networks.[2][3][6]
Ignition Technology was incorporated on January 8, 2015, in the UK as a private limited company, initially under the name Unifi Security Limited before quickly rebranding.[5] Operating from Cody Technology Park in Farnborough, it emerged as a specialist distributor focused on bringing best-in-breed cloud and SaaS cybersecurity vendors to market amid rising demand for innovative security solutions.[1][3][5] A pivotal moment came in July 2021 when Exclusive Networks acquired it, integrating Ignition as a dedicated brand for emerging vendors while enhancing its global reach and reputation in cybersecurity distribution.[2] This evolution solidified its role in scaling disruptive technologies across EMEA.
Ignition rides the surge in SaaS and cloud cybersecurity adoption, where businesses face escalating threats amid digital transformation, making timely access to innovative, AI-native solutions critical.[2][4] Its EMEA focus aligns with regional market forces like stringent data regulations (e.g., GDPR) and rising breaches, positioning it to bridge emerging vendors with VARs for faster market penetration.[3][6] By scaling disruptors like CrowdStrike, Ignition influences the ecosystem by fostering vendor consolidation, enhancing channel efficiency, and accelerating protection against sophisticated attacks, ultimately strengthening the global cybersecurity supply chain.[2][4]
Ignition is poised for expanded influence within Exclusive Networks, leveraging its vendor evaluation expertise to onboard next-gen AI-driven security amid intensifying cyber threats and SaaS proliferation. Trends like zero-trust architectures and endpoint detection will shape its trajectory, with potential for deeper Nordic/UK penetration via partnerships like CrowdStrike.[4] Its influence may evolve toward global dominance in emerging tech distribution, sustaining momentum through 2025 accounts and beyond, reinforcing its role as the go-to accelerator for cybersecurity innovation.[2][5] This channel powerhouse continues to ignite secure transformations at scale.[3]
Ignition has raised $78.2M in total across 5 funding rounds.
Ignition's investors include Altman Capital, Nakul Mandan, Sureel Sheth, Howard Leibman, Tiger Global, Tiger Global Management, Craig Winkler, Right Click Capital, Adrian Di Marco, Black Sheep Capital, Benjamin Chong, Stuart McLeod.