Ballistic Ventures, co-founded by Ted Schlein, is initiating efforts to raise $100 million for a new fund aimed at investing in cybersecurity startups. This move comes shortly after closing their second fund of $360 million. Founded in 2021, the firm prides itself on being hands-on, engaging directly with portfolio companies by providing strategic support and leveraging a vast network of industry contacts. Ballistic has invested in 59 startups to date and has recently seen a significant increase in venture funding within the cybersecurity landscape, growing 43% year-over-year.
Ballistic Ventures is raising $100 million for a new fund focused on cybersecurity startups, leveraging their expertise and significant network to support portfolio companies.
The firm, established in late 2021, aims to be highly involved with supported startups, offering extensive hands-on assistance including board participation and customer acquisition.
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