Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms raising new funds to invest in startups solving information security problems.
On the heels of similar announcements by YL Ventures and SYN Ventures, Ten Eleven this week announced it had raised $600 million for its third generation fund to invest in the next wave of security companies, from seed to growth stages.
The new fund brings the firm’s total assets under management to over $1 billion and will help expand on its investment strategy that is “cyber-specific, stage-agnostic, and global in scope.”
Ten Eleven Ventures has made 40 cybersecurity investments and boasts of at least 10 exits including Darktrace, KnowBe4, Ping Identity, Verodin, and Twistlock.
Just last week, SYN Ventures announced the closing of a new $300 million fund and announced the addition of serial entrepreneur Ryan Permeh as full-time operating partner.
SYN Ventures, which has already invested in more than a dozen security-focused startups, said the new fund will be used to target investments in cybersecurity, industrial security, national defense, privacy, regulatory compliance, and data governance companies.
Prior to that, Israel’s YL Ventures announced its own $400 million fund that will be used to lead seed-stage rounds of approximately 10 startups at a pace of 3 startups per year.
Related: YL Ventures Closes $400 Million Cybersecurity Investment Fund
Related: Chainguard Bags Massive $50M Series A for Supply Chain Security
Related: ForgePoint Capital Closes $450M Cybersecurity Investment Fund
Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.
More from Ryan Naraine
- VMware Confirms Exploit Code Released for Critical vRealize Logging Vulnerabilities
- Gem Security Gets $11 Million Seed Investment for Cloud Incident Response Platform
- Ransomware Leads to Nantucket Public Schools Shutdown
- Sentra Raises $30 Million for DSPM Technology
- Saviynt Raises $205M; Founder Rejoins as CEO
- OpenVEX Spec Adds Clarity to Supply Chain Vulnerability Warnings
- Tenable Launches $25 Million Early-Stage Venture Fund
- VMware Plugs Critical Code Execution Flaws
Latest News
- Big China Spy Balloon Moving East Over US, Pentagon Says
- Former Ubiquiti Employee Who Posed as Hacker Pleads Guilty
- Cyber Insights 2023: Venture Capital
- Atlassian Warns of Critical Jira Service Management Vulnerability
- High-Severity Privilege Escalation Vulnerability Patched in VMware Workstation
- Exploitation of Oracle E-Business Suite Vulnerability Starts After PoC Publication
- China Says It’s Looking Into Report of Spy Balloon Over US
- GoAnywhere MFT Users Warned of Zero-Day Exploit
