Top VCs / January 26, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Cybersecurity VCs to Watch in 2022

The internet has become a focal point of our lives over the last two decades and this has prompted the need for improved cybersecurity as hacking methods and technology become more advanced. This is why Cybersecurity VC is so important, without it, top startups in the cybersecurity field wouldn't be able to try to catch up with these attackers.

So we created a list of the Top VCs in the cybersecurity space for you to follow or chase for your startup.



1. ForgePoint Capital

Year Founded: 2015

HQ: San Mateo, California, USA

Size: 11-50

Founders: Alberto Yepez, Donald Dixon

ForgePoint Capital is an American cybersecurity VC that was founded in 2015 and is currently based in San Mateo, California, USA. The company solely invests in cybersecurity companies that are taking steps to protect the increasingly digital world. They use their network of security experts to provide assistance that goes beyond simple startup funding.

The company has managed a pair of investment funds since it was founded six years ago. The company has used these funds to make a series of 43 investments into cybersecurity startups. Of these investments, the company has currently exited from a total of four investments.

2. TenEleven Ventures

Year Founded: 2014

HQ: Burlingame, California, USA

Size: 1-10

Founders: Alex Doll, Mark Hatfield

TenEleven Ventures is an American cybersecurity VC firm that was founded in 2014 and is currently based in Burlingame, California, USA. The company focuses its investment efforts primarily on startups in the cybersecurity sector and was founded by a former cybersecurity entrepreneur. This means that startups get support from someone who actually knows the industry.

Since the business was founded in 2014, it has managed a total of four investment funds. Through the use of these investment funds, the company has made a total of 48 investments into new businesses. From these investments, the company has currently made an exit from 11 of them.

3. Paladin Capital Group

Year Founded: 2001

HQ: Washington, District of Columbia, USA

Size: 11-50

Founders: Mark A. Maloney, Michael R. Steed

Paladin Capital Group is an American VC firm that was founded in 2001 and is currently based in Washington DC, USA. The firm provides support to startups through investment across a variety of different business stages, with the VC focusing its efforts on technologically advanced startups that innovate within their industry, which includes cybersecurity.

The VC firm has made a significant number of investments since it was founded two decades ago, with 130 investments being made by Paladin Capital Group. Of these investments, the company has made an exit from four of these.

4. SixThirty

Year Founded: 2013

HQ: Saint Louis, Missouri, USA

Size: 1-10

Founders: Atul Kamra, Brian Matthews, Jim McKelvey

SixThirty is an American Cybersecurity VC that was founded in 2013 and is currently based in Saint Louis, Missouri, USA. In addition to providing funding to cybersecurity companies, they also provide funding for FinTech and InsurTech companies. These investments come during the later stages of a company's development and help them to reach the next level.

Since the VC firm was founded eight years ago, it has managed a total of four investment funds in that time. From these investment funds, the company has had the money to make a total of 144 investments into its areas of interest. As it stands, the company has made an exit from 12 of its investments.

5. NightDragon Security

Year Founded: 2016

HQ: San Francisco, California, USA

Size: 1-10

Founders: Dave DeWalt

NightDragon Security is a Cybersecurity VC firm from the United States that was founded in 2016 and is currently headquartered in San Francisco. The company invests solely in cybersecurity companies that are innovative and are currently in the later stages of their funding journey.

Since the business was founded five years ago, NightDragon Security has made a total of 16 investments into various cybersecurity companies. Of these investments, the firm has made an exit from three of these investments.

6. AllegisCyber

Year Founded: 1996

HQ: San Francisco, California, USA

Size: 11-50

Founders: Barry Weinman, Bob Ackerman, Robert Ackerman

AllegisCyber is an American VC firm that was founded in 1996 and is currently based in San Francisco, California, USA. The company invests in early-stage technology companies, which includes cybersecurity startups that are developing solutions to help serve the world's emerging markets.

Since the company was founded many years ago, it has managed a total of three investment funds. The use of these investment funds has allowed the team to make a series of 118 investments into technology companies. From these investments, the company has made a total of 25 exits so far.

7. Dreamit Ventures

Year Founded: 2007

HQ: New York, USA

Size: 11-50

Founders: David Bookspan, Elliot Menschik, Karen Griffith Gryga, Michael Levinson, Steve Welch

Dreamit Ventures is an American VC firm that was founded in 2007 and is currently based in New York, USA. The VC firm provides its focus to investments in the early stages of development that have a pilot product that is ready to be scaled and taken to the next level of its development, which also includes cybersecurity products.

Since the business was founded in 2007, it has made a large number of investments. In total, the company has made 376 investments into early-stage technology companies and has currently exited from a total of 38 of these investments.

8. Lytical Ventures

Year Founded: 2018

HQ: New York, USA

Size: 1-10

Founders: Jeremy Kroll

Lytical Ventures is a technology VC that was founded three years ago and is currently based in New York, USA. The company focuses its investment efforts on companies providing business intelligence, such as cybersecurity, data analytics and AI. Their team have years of experience in those industries.

Since the business was founded, it has managed a single investment fund. The use of this investment fund has allowed the company to make a series of ten investments into these businesses. As it stands, the company has not exited from any of its investments.

9. Acrew Capital

Year Founded: 2019

HQ: Palo Alto, California, USA

Size: 11-50

Founders: Lauren Kolodny, Mark Kraynak, Theresia Gouw, Vishal Lugani

Acrew Capital is an American VC firm that was founded in 2019 and is currently based in Palo Alto, California. The company invests in a variety of future-thinking technology companies, which includes investment into businesses in the cybersecurity sector. Expert assistance and support in addition to funding are also available, which provides the startups with a better service overall.

Since the business was founded, it has managed a sole investment fund. The use of this investment fund has allowed the company to make 50 investments in technology startups. As it stands, the company has only made an exit from two of its investments so far.

10. Scale Venture Partners

Year Founded: 2000

HQ: Foster City, California, USA

Size: 11-50

Founders: Kate Mitchell, Rory O'Driscoll

Scale Venture Partners is an American VC firm that was founded in 2000 and is currently based in Foster City, California, USA. The company invests in early-stage startups that provide business software, which includes provisions from the cybersecurity sector. This funding and support help these businesses to scale up their operations.

Since the business was founded two decades ago, it has managed a total of seven investment funds. The use of these investments funds has allowed the company to make a series of 265 investments into business software startups. As it stands, the company has managed to exit from a total of 73 investments.

11. Greenfield Partners

Year Founded: 2016

HQ: Tel Aviv, Israel

Size: 11-50

Founders: Yuda Doron

Greenfield Partners is an Israeli VC firm that was founded in 2016 and is currently based in Tel Aviv. This VC firm provides a growth investment platform for technology companies and has also provided support for companies in the cybersecurity sector, with a focus on companies within the country.

Since the business was founded in 2016, it has managed a single investment fund. Through the use of this investment fund, the company has made a series of 11 investments into technology companies. Of these investments, the company has made an exit from two at the time of writing.

12. Ace Capital Partners

Year Founded: 2000

HQ: Paris, France

Size: 11-50

Founders: Roger Davis

Ace Capital Partners is a French VC firm that was founded in 2000 and is currently based in Paris, France. The company enters partnerships with large companies around the world that invest in its funds, which are then used to target startups and high-growth businesses that need further funding support. Among their investments are cybersecurity startups.

Since the company was founded two decades ago, it has managed a total of 12 investment funds. The use of these investment funds has allowed the company to make a series of 49 investments. So far, the business has made an exit from 13 of these investments.

13. Jump Capital

Year Founded: 2012

HQ: Chicago, Illinois, USA

Size: 11-50

Founders: Sach Chitnis

Jump Capital is a Technology VC that was founded in 2012 and is currently based in Chicago, Illinois, USA. The company provides investment to companies that provide technology and software packages to other businesses, which includes the cybersecurity industry. These investments come across a variety of different funding stages.

The company has managed a pair of investment funds since it was founded nine years ago and from these investment funds, the company has managed to successfully make a series of 131 investments. As it stands, the VC firm has successfully made an exit from 20 of its investments.

14. B Capital Group

Year Founded: 2015

HQ: Manhattan Beach, California, USA

Size: 51-100

Founders: Eduardo Saverin, Raj Ganguly

B Capital Group is an IT VC that was founded six years ago and is currently based in Manhattan Beach, California, USA. As should be expected, the company invests in IT companies across a variety of different funding stages and this includes companies within the cybersecurity sector as well. In addition to the financial support, the VC firm also offers softer forms of assistance to improve these startups.

Since the VC firm was founded six years ago, it has managed a total of four investment funds. The use of these investment funds has allowed the business to make a series of 107 investments into IT companies. As it stands, the company has made an exit from two of its investments.

15. True Ventures

Year Founded: 2005

HQ: Palo Alto, California, USA

Size: 11-50

Founders: John Burke, Jon Callaghan, Phil Black

True Ventures is an American VC firm that was founded in 2005 and is currently based in Palo Alto, California, USA. The company provides early-stage investment to a wide variety of technology startups which includes VC for cybersecurity startups. Their large number of partners and extensive network provides great opportunities for their startups.

Since the company was founded 16 years ago, it has managed a total of 11 investment funds. The use of these investments funds has allowed the VC firm to make a total of 576 investments into startups. In that time, the business has made an exit from 99 of its investments.

16. Shasta Ventures

Year Founded: 2004

HQ: Menlo Park, California, USA

Size: 11-50

Founders: Jason Pressman, Ravi Mohan, Rob Coneybeer, Tod Francis

Shasta Ventures is a VC firm from the United States that was founded in 2004 and is currently based in Menlo Park, California. The business provides early-stage investment funding to enterprise technology startups which includes provisions for SaaS, cybersecurity and many more business types.

Since the business was founded in 2004, it has managed a total of seven investment funds. The aforementioned investment funds have given the firm the capability to make 378 investments into technology startups. In that time, the company has successfully exited from a total of 77 of its investments.

17. Sands Capital

Year Founded: 1992

HQ: Arlington, Virginia, USA

Size: 101-250

Founders: Frank M. Sands, Michael Rubin

Sands Capital is a VC firm from the United States that was founded in 1992 and is currently based in Arlington, Virginia. The company provides investment into enterprise software and life sciences companies across a variety of different funding stages. Some of their investments include forrays into the cybersecurity sector, which justifies their position on this list.

Since the VC firm was founded nearly three decades ago, it has managed eight investment funds. The use of these investment funds has given the firm the capability to make a series of 112 investments into various businesses. As it stands, the business has made an exit from 30 of its investments.

18. Javelin Venture Partners

Year Founded: 2009

HQ: San Francisco, California, USA

Size: 1-10

Founders: Jed Katz, Noah Doyle

Javelin Venture Partners is an American VC firm that was founded in 2009 and is currently based in San Francisco, California. The company provides investment into software technology companies, which has included a number of cybersecurity companies. This investment is brought in at the early stages of the company's funding journey.

Since the business was founded twelve years ago, it has managed a total of four investment funds. The money from these funds has granted the firm the capability to make 126 investments into technology startups. As it stands, the business has made an exit from 23 of its investments.

19. Vistara Growth

Year Founded: 2015

HQ: Vancouver, British Columbia, Canada

Size: 11-50

Founders: Randy Garg

Vistara Growth is a Canadian VC firm that was founded in 2015 and is currently based in Vancouver, British Columbia. The company provides debt and equity funding to technology companies in the middle and late stages of their development, which includes VC funding for cybersecurity startups. This investment is not limited to Canada and stretches across North America.

Since the business was founded six years ago, it has managed a total of three investment funds. The use of this money has allowed the company to make a series of 23 investments into technology companies. As it stands, the company has successfully exited from a total of six investments.

20. Security Leadership Capital

Year Founded: 2019

HQ: San Jose, California, USA

Size: 1-10

Founders: Sathvik Krishnamurthy

Security Leadership Capital is an American Cybersecurity VC firm that was founded two years ago and is currently based in San Jose, California. The company provides seed funding for startups within the cybersecurity industry to help them grow and achieve their full potential. The company also invests in companies from other industries that differentiate through cybersecurity.

Since the business was founded in 2019, it has made a total of five investments into these types of businesses. As it stands, the VC firm has not made an exit from any of its investments.

21. Option3 Ventures

Year Founded: 2014

HQ: New York, USA

Size: 1-10

Founders: Manish Thakur

Option3 Ventures is a Cybersecurity VC from the United States that was founded seven years ago and is currently based in New York. The company provides funding in the form of early-stage VC for cybersecurity startups in the USA. The company boasts experience from the US intelligence community and cybersecurity experts from across the world to create better businesses.

Since the VC firm was founded in 2014, it has made a total of six investments into cybersecurity startups. In that time, the company has not yet made an exit from any of its investments.


FAQs

How Much Is The Cybersecurity Industry Worth?

The global cybersecurity market is incredibly vast, with a 2021 value of $217.9 Billion, which is expected to rise to a total of $345.4 Billion by 2026.

How Much Money is Invested in Cybersecurity?

2020 was a record year for the industry in terms of investment, with cybersecurity companies recieving a total of $8.1 Billion. This figure is more than nine times greater than the investment that was given to the sector ten years ago.

How Many Cybersecurity Companies Are There?

Competition in the cybersecurity sector is intense, with a large number of companies competing for business and investment. Whilst it is impossible to give an exact figure, estimates from 2018 placed the number at more than 1200.

Top Cybersecurity VCs to Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash