Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Ten Eleven Ventures Raises $600M Fund for Cybersecurity Investments

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.

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

Written By

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.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Network Security

NSA publishes guidance to help system administrators identify and mitigate cyber risks associated with transitioning to IPv6.

Cyberwarfare

Websites of German airports, administration bodies and banks were hit by DDoS attacks attributed to Russian hacker group Killnet

Nation-State

The North Korean APT tracked as TA444 is either moonlighting from its previous primary purpose, expanding its attack repertoire, or is being impersonated by...

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Malware & Threats

Microsoft plans to improve the protection of Office users by blocking XLL add-ins from the internet.

Cloud Security

VMware vRealize Log Insight vulnerability allows an unauthenticated attacker to take full control of a target system.

Mobile & Wireless

Apple rolled out iOS 16.3 and macOS Ventura 13.2 to cover serious security vulnerabilities.