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Ted Schlein’s Ballistic Ventures is raising $100M for a new fund
Ted Schlein’s Ballistic Ventures, a VC firm focused on cybersecurity, is raising $100 million for a new fund, as confirmed by a regulatory filing. Founded in 2021, the firm aims to support startups through hands-on involvement and has already invested in 59 companies, with a growing emphasis on cybersecurity in venture funding.
Key points
- Ballistic Ventures was co-founded by Ted Schlein and focuses on cybersecurity startups.
- The firm is raising $100 million for a new fund, following the previous fund's closure of $360 million.
- Ballistic has invested in 59 startups and made six exits since its establishment.
- The cybersecurity venture funding reached $11.6 billion in 2024, showing a 43% year-over-year growth.
- The firm employs a hands-on approach, often taking board seats and actively supporting portfolio companies.
Why it matters
- The increase in venture funding for cybersecurity reflects heightened demand for security solutions amid rising cybersecurity threats.
- In 2025, IT trends indicate a continued focus on cybersecurity, particularly as remote work and digital transformation advance.
- Ballistic Ventures' strategy aligns with increasing investments in cybersecurity technologies, indicating a robust ecosystem for startup growth in this sector.
Ballistic Ventures is positioned to capitalize on the growing demand for cybersecurity solutions with its new fund, reinforcing its commitment to supporting startups in a critical and expanding market.