Ballistic Ventures, the VC agency co-founded by Ted Schlein (recognized for his years at Kleiner Perkins), is elevating $100 million for a brand new fund, information.killnetswitch has realized by means of a regulatory submitting.
This week, the San Francisco-based VC agency filed with the U.S. Securities and Alternate Fee to boost the brand new fund, simply over a yr after closing its second fund, sized at $360 million.
Based in late 2021, Ballistic targets cybersecurity startups. In an earlier interview, Schlein (pictured above, fourth from left to proper) informed information.killnetswitch that the Ballistic crew, with its years of expertise, could be very arms on. They take board seats, assist with hiring and with touchdown the primary 10 prospects, speaking to their portfolio founders “many instances every week.” The workforce brings a big community of contacts to their portfolio corporations, Schlein mentioned.
Alongside Schlein, the agency has 4 different basic companions: Kevin Mandia, Barmak Meftah, Jake Seid, and Roger Thornton. Final yr, it appointed former USPS CISO Gregory Crabb as CISO-in-residence to fill the place of David Hahn, who was promoted to Ballistic’s CISO working associate.
Ballistic has to date invested in 59 startups, per Crunchbase, with GetReal Lab’s $17.5 million Collection A spherical being the newest — introduced final week. The agency additionally made six exits.
Enterprise funding in cybersecurity grew 43% year-over-year to $11.6 billion in 2024, with 639 offers closed, in comparison with 821 in 2023, per a report by Crunchbase Information.
Ballistic declined to touch upon the fundraising.
