# Citi

> Citi is a VC fund in Cape Town backing Software and Cyber Security. See 5 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Cape Town, South Africa
- Total investments: 5
- Last investment: Feb 2021
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/capeinnovationandtechnologyinitiative/
- X (Twitter): https://twitter.com/cape_it?lang=en
- Website: https://www.citi.org.za/
- Facebook: https://www.facebook.com/CapeITInitiative

CITi is a non-profit organisation established in 1998 to develop and support the information technology cluster in Cape Town, Western Cape, in order to generate employment and prosperity through information technology for people from all backgrounds.

## Contacts

5 contacts available for Citi. Shizune tracks 3 team members at Citi. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/citi-2?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 80% |
| Cyber Security | 2 | 40% |
| SaaS | 1 | 20% |
| Energy | 1 | 20% |
| FinTech | 1 | 20% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 4 | 80% |
| Series C | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 60% |
| Israel | 1 | 20% |
| United Kingdom | 1 | 20% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Fiona Tabraham | Chief Executive | 0 | — |
| Ian Merrington | CEO | 0 | — |
| Joshin Raghubar | Chairperson | 0 | https://shizune.co/investors/profile/joshin-raghubar |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Axoni | Axoni is a real-time data replication technology company serving the world’s largest financial institutions. Axoni’s platform enables rapid, reliable deployment of critical financial networks and automated, real-time data replication across market participants. Founded in 2017, the company serves banks, asset managers, hedge funds, and financialmarket infrastructure firms across the globe from offices in New York and London. | $31M | Series B | Feb 01, 2021 |  |
| Illusive | Illusive reduces cyber risk by shrinking the attack surface and stopping attacker movement. Illusive creates a hostile environment for attackers, depriving them of the means to progress towards critical assets after breaching the perimeter. Hackers are increasingly finding more vulnerabilities within an enterprise’s security stack, allowing them tomove laterally within the network and conduct reconnaissance and exfiltration. Illusive’s Active Defense identifies and removes the vulnerable connections and credentials that enable attackers to move undetected, and then replaces them with deceptive versions that fool attackers into revealing their presence upon engagement. Unlike behavioral or anomaly-based threat detection, Illusive’s agentless approach captures deterministic proof of in-progress attacks and provides actionable forensics to empower a quick and effective response. Illusive detects Advanced Persistent Threats, targeted ransomware and malicious insiders in ways that supplement other defensive technologies, allowing security teams to beat both attackers and red teams alike. Illusive is the first company spun out of the company-building venture group Team8, which was co-founded by veterans of Israel's military intelligence division, Unit 8200. Illusive’s multinational clients include top ten organizations in the financial services sector and the top five in legal, pharmaceutical and retailer sectors. | $24M | Series B | Oct 07, 2020 |  |
| Privitar | Privitar is an enterprise software company with a global client-base across North America, Europe, and Asia. The company is the development and adoption of privacy engineering technology enabling its customers to innovate and leverage data with an uncompromising approach to data privacy. Its software is designed to allow clients to analyzepotentially sensitive data while respecting customers’ privacy and confidentiality, resulting in the ability to leverage large, sensitive data sets while ensuring compliance with regulations (such as GDPR, CPRA and HIPAA) and ethical data principles.Privitar was founded in 2014 and is based in London, UK. | $7M | Series C | Jun 23, 2020 |  |
| Ursa Space Systems | Ursa Space Systems (Ursa) is a Space 3.0 analytics-as-a-service company that brings transparency to global markets to help traders and analysts in the finance and energy industries make more informed decisions. It released the world’s first comprehensive weekly China oil inventory report in May, added the Caribbean and MENA regions in September,and plans to have global coverage in early 2018. Ursa uses space-based data from radar satellites as the source of their timely reports. Radar works through clouds and at night, allowing the collection of information about activities on the Earth rain or shine. Based in Ithaca, New York, Ursa was founded in 2014 by leaders in the satellite and software security fields with the vision to unlock the potential of data and insights derived from radar satellite imaging. | $15M | Series B | Nov 07, 2019 |  |
| Aquilon Energy Services | Aquilon Energy Services is a Chicago-based software company providing innovative solutions for the fast-paced, complex and data intensive energy industry.The Aquilon team blends experienced technology and industry experts with strong track records of building and bringing to market reliable, collaborative solutions.Their partners, boardmembers and network of early advisors connect the team to the industry enabling us to deliver valuable solutions for today’s wholesale energy companies. | $19M | Series B | Feb 01, 2017 |  |

5 of 5 investments shown.

## Co-investors
- [Wells Fargo](https://shizune.co/investors/profile/wells-fargo-bank) — VC Fund, 2 deals together
- [O2h Ventures](https://shizune.co/investors/profile/2h-ventures) — VC Fund, 1 deal together
- [ABN AMRO Ventures](https://shizune.co/investors/profile/ABN-AMRO-Ventures) — VC Fund, 1 deal together
- [Accel](https://shizune.co/investors/profile/accel) — VC Fund, 1 deal together
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund, 1 deal together
- [Cisco](https://shizune.co/investors/profile/cisco) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [General Catalyst](https://shizune.co/investors/profile/general-catalyst-partners) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

## FAQ

### What does Citi invest in?

Citi invests primarily in Software, Cyber Security and SaaS startups, most often at Series B and Series C stage. Most of the 5 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Citi?

Public channels for Citi include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Citi?

The team at Citi includes Fiona Tabraham (Chief Executive), Ian Merrington (CEO) and Joshin Raghubar (Chairperson). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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