Cybersecurity enterprise funds company 10 Eleven Ventures today introduced it has raised $600 million for its third-era fund to commit in protection organizations ranging from seed to growth stage.
Observed in 2014, Ten Eleven Ventures finds, invests and can help expand top cybersecurity organizations that tackle critical electronic security requires. The VC organization has created 40 cybersecurity investments across different levels all over the world and, since 2020, 40% of the firm’s investments have been built exterior the U.S. and Canada, including Europe, Israel and Australia.
Many thanks to electronic transformation, 10 Eleven Ventures portfolio providers seek to tackle elevated hazard concentrations between enterprises, governments and men and women. The transformation has manufactured safety a top rated precedence inside of world-wide info technological innovation expending, presenting what 10 Eleven Ventures describes as myriad alternatives for business owners.
“We have acknowledged due to the fact our founding that the cybersecurity market would keep on to speed up,” reported co-founder and Controlling General Husband or wife Alex Doll (pictured, left, with founder and Standard Companion Mark Hatfield). “Cybersecurity is the important layer to empower the adoption of modern new systems in just about every corner of our modern society.”
Doll additional that the third-era fund continues the investment system 10 Eleven Ventures has pursued considering that the commencing: cyber-precise, phase-agnostic and international in scope.
The 10 Eleven Ventures’ accomplishment level has been powerful. Of its investments, 10 cybersecurity providers have both been acquired or had initial public offerings. These include Darktrace plc, which raised $240 million in an IPO in April 2021 KnowBe4 Inc., which also went public in April 2021 Ping Identity Corp., which lifted $188 million in an IPO in September 2019 Verodin Inc., acquired by FireEye Inc. for $250 million in May well 2019 and Twistlock Ltd., obtained by Palo Alto Networks Inc. for $410 million also in Could 2019.
Other noteworthy Ten Eleven Ventures portfolio companies include Ordr Inc., which raised a $40 million Collection 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 purchase Electronic Shadows for $160 million yesterday.
With the new fund, 10 Eleven Ventures’ full assets under administration appear to additional than $1 billion.