HomeUSABallistic Ventures Closes Fund II, at $360M

Ballistic Ventures Closes Fund II, at $360M

Ballistic Ventures

Ballistic Ventures, a San Francisco, CA-based venture capital firm dedicated to early-stage cybersecurity and cyber-related companies, closed its second fund, at  $360m.

Led by Founding Partners Kevin Mandia, Barmak Meftah, Ted Schlein, Jake Seid, and Roger Thornton, Ballistic Ventures will leverage Fund II to continue to exclusively fund and incubate entrepreneurs and innovations shaping the future of our cybersecurity. The firm also supports portfolio companies via BallisticX, its platform of services, support and an advisory network for founders and their teams. 

Since its launch two years ago and the close of its inaugural $300m fund in 2022, the firm has now invested in 18 companies tackling challenges such as safeguarding the use of AI, mitigating disinformation, and securing applications, code, connected devices, data, identity, SaaS services, and more. The portfolio includes Aembit, Alethea, ArmorCode, AuthMind, Codezero, Concentric AI, Nudge Security, Oligo Security, Pangea, Perygee, Reach Security, SpecterOps, Talon, and Veza.

In addition to its new fund, Ballistic Ventures is also announcing the promotion of Agnes So to Chief Financial Officer. So has been instrumental in leading the firm’s finance and operations functions since its inception. Prior to Ballistic, she spent more than a decade at Kleiner Perkins and Westlake Village BioPartners, where she played a key role in financial management and investment strategies. So also brings a wealth of experience from her time as an auditor at Deloitte.