Cyberstarts, a VC firm explicitly focusing on early-stage cybersecurity businesses, has secured a notable $480m for an opportunity fund.
The firm has gathered $480m through an investment round, as confirmed in a recent disclosure to the U.S. Securities and Exchange Commission. The firm’s investors and limited partners encompass several of the cybersecurity industry’s luminaries such as Shlomo Kramer of Cato Networks, Marius Nacht of Check Point, and Nir Zuk from Palo Alto Networks, among others.
Established in 2018 by Gili Raanan, and subsequently bolstered by General Partners Lior Simon and Emily Heath, Cyberstarts has carved out a niche as one of the global leaders in the venture capital space, zeroing in on the identification, funding, initiation, and assistance of fledgling cybersecurity firms and entrepreneurs. The firm’s seed investments notably comprise entities like Fireblocks, Wiz, and Transmit, alongside numerous others.
The newly acquired $480m is earmarked to facilitate Cyberstarts’ participation in the growth rounds of the portfolio companies it previously invested in via its three Seed funds. This strategic participation aims to uphold, and potentially enlarge, the firm’s equity stake in these enterprises.
The firm’s portfolio companies currently boast a collective valuation surpassing $30bn. Moreover, Cyberstarts has displayed a consistent commitment to the nourishment of innovative cybersecurity ventures, as evidenced by its successive investments and fund creations.
It’s noteworthy that this funding follows a previous financial endeavour in March 2022, wherein Cyberstarts raised $200m through another opportunity fund. Consequently, this latest round propels the total assets under Cyberstarts’ management to an impressive $663m, further solidifying its financial and strategic stature in the cybersecurity investment arena.
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