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Laxman Pai, Opalesque Asia: Venture capital firm Ten Eleven Ventures has raised $600 million for its third generation fund to invest in cybersecurity startups, bringing the firm's total assets under management to more than $1 billion.
Founded in 2014, Ten Eleven Ventures was one of the first VC firms dedicated to backing cybersecurity startups. It has made 40 cyber security investments in various phases across the globe and since 2020, 40% of the firm's investments have been made outside the US and Canada, including Europe, Israel, and Australia.
"Cybersecurity is the essential layer to enable the adoption of innovative new technologies in every corner of our society. The speed at which the threat environment has grown over the last few years has also been remarkable," said Alex Doll, Managing General Partner, and Co-Founder at Ten Eleven Ventures.
"Our third-generation fund is a continuation of the investment strategy we have pursued since the beginning: cyber-specific, stage-agnostic, and global in scope. We look forward to building upon our decades of expertise with a global lens to find, fund, and help grow the cybersecurity companies of tomorrow," Alex added.
The firm's portfolio includes ten acquisitions and IPOs, including Darktrace, KnowBe4, Ping Identity, Verodin, and Twistlock. Since the beginning of 2020, 40% of the investments have been made outside the U.S. and Canada, including Europe, Israel, and Australia.
"The whole team at Ten Eleven is...................... To view our full article Click here
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