Ballistic Ventures Pursues $360 Million Cybersecurity Fundraising Amid Uncertain Capital Commitments

San Francisco-based venture capital firm Ballistic Ventures is seeking to raise as much as $360 million for its third investment fund, Ballistic Ventures III.

A regulatory filing submitted to the US Securities and Exchange Commission (SEC) shows that the fund has not raised any capital so far.

The filing outlines the fundraising target but does not report any completed fundraising commitments.

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Six Individuals Named in SEC Filing

The SEC document identifies six individuals associated with the fundraising effort: Kevin Mandia, Barmak Meftah, Theodore Schlein, Jacob Seid, Roger Thornton and Philip Venables.

The filing provides details of the proposed fundraise under the name Ballistic Ventures III.

Firm Focuses Exclusively on Cybersecurity Investments

Ballistic Ventures invests exclusively in early-stage businesses operating in cybersecurity and related sectors.

Its investment strategy centres on companies developing products and services addressing cyber-related challenges.

The firm’s portfolio includes Aembit, Alethea, Armadin, ArmorCode, AuthMind, BreachRx, Codezero, Concentric AI, GetReal, Gomboc AI, Hypernative, Mimic, Native Security, Noma, Nudge Security, Oligo, Pangea (CRWD), OverAI, Reach, Reveal Technology, Root Evidence, SpecterOps, Talon (PANW), Veza (NOW), WitnessAI and Zip Security.

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