Cybersecurity enterprise cash company 10 Eleven Ventures today declared it has raised $600 million for its 3rd-generation fund to devote in safety companies ranging from seed to growth phase.
Identified in 2014, 10 Eleven Ventures finds, invests and will help grow best cybersecurity firms that handle significant electronic stability wants. The VC agency has designed 40 cybersecurity investments throughout several phases throughout the world and, given that 2020, 40% of the firm’s investments have been produced exterior the U.S. and Canada, which include Europe, Israel and Australia.
Thanks to electronic transformation, Ten Eleven Ventures portfolio corporations seek to handle elevated threat stages between enterprises, governments and people today. The transformation has made protection a major precedence within world info engineering paying, presenting what 10 Eleven Ventures describes as myriad opportunities for business owners.
“We have known due to the fact our founding that the cybersecurity field would continue on to speed up,” explained co-founder and Controlling Typical Associate Alex Doll (pictured, still left, with founder and Standard Associate Mark Hatfield). “Cybersecurity is the necessary layer to help the adoption of revolutionary new technologies in each individual corner of our society.”
Doll added that the 3rd-era fund continues the investment system Ten Eleven Ventures has pursued due to the fact the beginning: cyber-particular, stage-agnostic and global in scope.
The 10 Eleven Ventures’ accomplishment fee has been strong. Of its investments, 10 cybersecurity businesses have possibly been acquired or experienced initial general public choices. These include things like Darktrace plc, which elevated $240 million in an IPO in April 2021 KnowBe4 Inc., which also went community in April 2021 Ping Identification Corp., which lifted $188 million in an IPO in September 2019 Verodin Inc., obtained by FireEye Inc. for $250 million in May 2019 and Twistlock Ltd., obtained by Palo Alto Networks Inc. for $410 million also in Might 2019.
Other notable Ten Eleven Ventures portfolio companies include Ordr Inc., which raised a $40 million Sequence C round yesterday Offensive Stability Cyware Labs Inc. with a $43 million Series B in March Reliaquest LLC and Digital Shadows Ltd. Reliaquest entered an arrangement to acquire Electronic Shadows for $160 million yesterday.
With the new fund, Ten Eleven Ventures’ full assets under management appear to more than $1 billion.