Adam Cragg | Top 40 Under 40 2025

Age: 39

Occupation: Partner and co-founder, Osney Capital

In movies, bad actors are cult favourites at best and cringeworthy at worst — but, in cybersecurity, bad actors are downright dangerous.

“AI tools are allowing bad actors to move faster than ever in their attacks, resulting in more cybersecurity threats,” says Adam Cragg, partner and co-founder of Osney Capital.

He says misspelled phishing emails may be easy to ignore, but even the most tech-savvy person could be fooled by a video call deepfake impersonating their boss. That’s what the future of cyberattacks looks like.

Cragg notes that the province of Alberta has made significant investments in AI. “But, it’s important that investments in cybersecurity keep pace with investments in AI and other technologies to ensure that those technologies are scalable and secure,” he says. In other words, cybersecurity must develop alongside new technologies because every advancement is also a new opportunity for abuse. Cragg and his team fund the innovators that keep the hackers at bay.

Jointly based out of the U.K. and Calgary, Osney Capital is one of the first venture-capital firms to offer seed funding focusing solely on cybersecurity. Cragg, alongside his partners, leads Osney’s investment decision making, selecting which companies to support with his firm’s powerful funds.

In 2025 in the U.K., Osney Capital exceeded its goal of raising £50 million for its inaugural cybersecurity seed fund, securing £56 million from investors, including the British Business Bank and the British National Security Strategic Investment Fund. That money will support 30 early stage cybersecurity businesses over the next five years.

The firm was founded in 2020, but Cragg’s support of startups goes way back: he was chief of staff at Massachusetts Institute of Technology (MIT) Entrepreneurship Center, founded the Entrepreneurship Lab at New York University, and launched entrepreneurial programs and innovation hubs with the University of Calgary and Innovate Calgary.

“Entrepreneurship self-selects for people that can accept a huge amount of risk,” Cragg says, adding that lifting up new entrepreneurs helps to “thoughtfully build inclusive innovation.” His past ventures have been lauded, particularly for actively investing in female founders.

Thank yous
“My wife, for twenty years of support, the family we’ve built, and her poor judgment that brought us together.”