Ten Eleven Ventures has joined a growing list of cybersecurity-focused venture capital firms that are raising fresh money to invest in companies that solve information security issues.
Ten Eleven said this week that it had secured 600 million USD for its third generation fund to invest in the next wave of security firms, from seed to growth stages, following similar announcements by YL Ventures and SYN Ventures.
The new fund boosts the firm’s total assets under management to over 1 billion USD, allowing it to expand on its “cyber-specific, stage-agnostic, and global in scope” investing strategy. Darktrace, KnowBe4, Ping Identity, Verodin, and Twistlock are among Ten Eleven Ventures’ 40 cybersecurity investments, with at least ten exits.
Read More: https://www.securityweek.com/ten-eleven-ventures-raises-600m-fund-cybersecurity-investments