Ballistic Ventures files to raise 490 million dollars for new funds
San Francisco venture firm Ballistic Ventures has filed with regulators to raise 490 million dollars across two new funds dedicated to cybersecurity investments.
FTMQ Startups, written by our newsroom0 views
Cybersecurity venture capital firm Ballistic Ventures has filed with the United States Securities and Exchange Commission to raise 490 million dollars across two new funds. Startup Fortune, TechCrunch AI, and TechCrunch all reported that the San Francisco based firm intends to gather 360 million dollars for its third flagship vehicle, Fund III, and 130 million dollars for a secondary vehicle named Fund B. [1][2][3]
The planned 360 million dollar flagship fund matches the size of the previous fund raised by the firm in 2024. According to Startup Fortune and TechCrunch, neither fund had recorded any sales at the time of the regulatory filings. Startup Fortune added that Ballistic Ventures declined to comment on its fundraising plans. [1][2]
Ballistic Ventures was co-founded in late 2021 by former Kleiner Perkins general partner Ted Schlein alongside Barmak Meftah. Startup Fortune and TechCrunch AI reported that the firm is pursuing new capital as artificial intelligence increases demand for cybersecurity solutions while simultaneously powering cyberattacks. [1][2]
In short
- Ballistic Ventures filed with the SEC to raise 490 million dollars across two funds.
- The firm aims to raise 360 million dollars for Fund III and 130 million dollars for Fund B.
- Ballistic Ventures was co-founded in late 2021 by former Kleiner Perkins partner Ted Schlein.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Ted Schlein's Ballistic Ventures seeks $490 million for two new fundsStartup Fortune, 4h ago (the report this story comes from)
- [2]Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boomTechCrunch AI, 5h ago
- [3]Ted Schlein's Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boomTechCrunch, 5h ago
- [4]Ted Schlein’s Ballistic Ventures seeks $490M for two new fundsMezha.net, 4h ago
- [5]Ballistic Ventures Seeks $490M for AI Cybersecurity BetThe Tech Buzz, 4h ago
- [6]Ballistic Ventures aims to raise $490 million across 2 new fundsNewsBytes, 4h ago
Background
- [7]Homeland Security Advisory Council on Wikipedia
Our newsroom writes these reports with the help of software, from the 7 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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