TLDR:
- Ballistic Ventures co-founder Mandia has moved up to GP.
- The firm closed its oversubscribed second fund at $360 million in March.
Ballistic Ventures, a venture capital firm, recently announced that co-founder Mandia has been promoted to General Partner. Mandia’s promotion comes after the firm closed its oversubscribed second fund, raising a total of $360 million in March. Mandia has been with Ballistic Ventures since its inception and has played a key role in the firm’s growth and success.
The firm’s second fund was well received by investors, exceeding its target and reaching its hard cap. The fund will focus on early-stage investments in the technology sector, with a particular emphasis on companies disrupting traditional industries. Mandia’s promotion to GP recognizes his contributions to the firm’s investment strategy and decision-making process.
Prior to co-founding Ballistic Ventures, Mandia held senior positions at several prominent technology companies, bringing a wealth of experience and industry knowledge to his role as General Partner. His new role will allow him to take on increased responsibilities in guiding the firm’s investment strategy and overseeing its portfolio companies.
Overall, Mandia’s promotion highlights Ballistic Ventures’ commitment to recognizing and promoting talent within the firm. With the successful closing of its second fund and Mandia’s new role as GP, the firm is well-positioned to continue its track record of success in the venture capital industry.
