Ballistic Ventures, VC company, co -founder Ted Schlein (known from the years in Kleiner Perkins), collects $ 100 million for a new fund, he learned a technical conclusion.
This week, VC based in San Francisco filed With the American Commission for Securities and Exchange to boost a new fund, just over a yr after closing the second fund, amounting to $ 360 million.
Established at the end of 2021, the Ballistic Cels of cybersecurity startups. In an earlier interview Schlein (in the photo above, fourth from left to right) told Techcrunch that the ballistic crew with many years of experience is very practical. They occupy places, help in employing and landing the first 10 customers, talking to their founders of the portfolio “many times a week”. Schlein said that the team introduces a large network of contacts to their portfolio corporations.
Together with Schlein, the company has 4 other general partners: Kevin Mandia, Bartamak Meftah, Jake Seid and Roger Thornton. Last yr it appointed former USPS CISO Gregory Crabb As a Ciso resident in order to fill the position of David Hahn, who was promoted to a partner serving Ciso Ballistic.
Ballistic has so far invested in 59 startups, for Crunchbase, with the latest round of the A Getreal Labs series value $ 17.5 million – last week. The company also made six exits.
The financing of the project in the field of cyber security increased by 43% yr on yr to $ 11.6 billion in 2024, with 639 closed transactions, in comparison with 821 in 2023, in line with report by Crunchbase News.
Balistic refused to comment on raising funds.