You are currently viewing Ballistic Ventures Raises 100 Million to Fuel Cybersecurity Innovation
Citation: Image is used for information purposes only. Picture Credit: https://ballisticventures.com/

Ballistic Ventures Raises 100 Million to Fuel Cybersecurity Innovation

Prime Highlights:

  • Ballistic Ventures, managed by Ted Schlein, is seeking $100 million for a latest fund dedicated to cybersecurity venture capital.
  • The news follows the summer close of Ballistic’s second fund, with $360 million.

Key Facts:

  • The firm has filed the new fund with the U.S. Securities and Exchange Commission.
  • Ballistic Ventures has invested in 59 startups and had six exits.

Key Background

Established in late 2021, Ballistic Ventures is a San Francisco-based venture capital company that invests exclusively in cybersecurity startups. Led by Kleiner Perkins veteran Ted Schlein, the company features high-profile general partners in Kevin Mandia, Barmak Meftah, Jake Seid, and Roger Thornton. The partners with extensive cybersec experience are themselves directly involved in helping portfolio companies through board involvement, talent, and customer interaction. Schlein emphasized the company’s dedication to deep work with business owners, who are provided advice and access to deep industry contacts.

Ballistic Ventures boasts a robust portfolio to its credit, having backed 59 startups so far. Ballistic was the first to spearhead the charge in cultivating cybersecurity innovation, one of the latest instances of its success with its role in GetReal Labs’ Series A round of $17.5 million. It is characterized by having succeeded through means of six strategic exits, once again proving itself capable of spotting and developing successful cybersecurity startups.

The company’s decision to raise a new $100 million fund follows on the heels of the closure of a $360 million second fund, a dire sign of growing confidence and business in the cyber security industry. The expansion is in line with the broader industry trend, as venture investment in the cybersecurity industry expanded 43% year-over-year to $11.6 billion in 2024. Although there was a drop in the number of deals consummated, the industry remains a source of interest to investors. The emphasis on cybersecurity by Ballistic Ventures is consistent with the heightened call for new security technology and the firm’s commitment to fostering pioneering innovation.

Read More – Click Here