San Mateo, CA-based cybersecurity focused venture capital firm Trident Capital Cybersecurity (TCC) closed its first fund, at $300m.
Oversubscribed, Trident Capital Cybersecurity Fund I, L.P., will focus on investing in the Series A, Series B and select growth equity rounds of cybersecurity companies. The firm’s five investment focus areas include Internet of Things (IoT), Secure payments and fraud, next-generation identity platforms, behavioral analytics, and privacy & Security.
The team includes Managing Directors Alberto Yépez and Don Dixon, both co-founders of the new fund and managing directors at predecessor firm Trident Capital, Managing Director Sean Cunningham, formerly of Intel Capital, and Vice President Will Lin, formerly of Trident Capital.
The fund has already invested in five companies in Fund I that include 4iQ, Appthority, Bayshore Networks, ID Experts and IronNet Cybersecurity. Additionally, active, prior investments of the TCC team include AlienVault, BlueCat Networks, Hytrust and Mocana.