TLDR:
- Ballistic Ventures has closed an oversubscribed fund of $360 million
- The fund is focused on fueling innovation in cybersecurity
Ballistic Ventures has announced the closure of its oversubscribed $360 million second fund, showcasing their commitment to supporting entrepreneurs and innovations in the cybersecurity sector. The global cybersecurity market is projected to reach $1.5 trillion to $2 trillion, making it a lucrative area for investment. The expertise of Ballistic Venture’s team, led by prominent individuals in the cybersecurity industry, sets them apart as they have collectively founded, funded, or operated over 100 cybersecurity firms.
Since the launch of Ballistic Ventures two years ago, they have invested in 18 companies addressing various cybersecurity challenges. The firm was recognized as “Investor of the Year” in 2023 and supported the successful exit of a portfolio company. Additionally, Agnes So has been promoted to Chief Financial Officer, bringing a wealth of experience to the team. Founder testimonials highlight the value that Ballistic Ventures provides to cybersecurity companies, showcasing their commitment to nurturing and supporting the industry. The firm’s dedication to investing in new companies and utilizing their platform of services and support sets them apart as a leading venture capital firm in the cybersecurity space.
