ForgePoint Capital Closes $450M Cybersecurity Focused Fund

ForgePoint

ForgePoint Capital, a San Mateo, CA-based venture capital firm focused on cybersecurity, closed its second fund, at $450m.

Fund II will invest in early-stage and select growth companies addressing the most pressing challenges facing individuals, businesses and governments. The focus areas will include cyber intelligence, privacy, security services and infrastructure protection.

The firm’s team will leverage an extensive network of relationships to form the ForgePoint Cybersecurity Advisory Council with 60 active members that includes entrepreneurs, CEOs of private and public cybersecurity companies, CISOs of major organizations and former government security leaders.

ForgePoint has already made several investments out of Fund II, including recent investments in Cysiv, an enterprise SOC-as-a-Service company; Huntress Labs, a provider of advanced threat detection to managed service providers (MSPs) and value-added resellers (VARs) for medium-sized businesses; and Secure Code Warrior, that provides a suite of secure coding tools that trains developers to build software with a security mindset.

The investment team consists of Managing Directors Alberto Yépez, Don Dixon and Sean Cunningham; Partner Will Lin; Principal Andrew McClure; Vice Presidents Ernie Bio and Manoj “MJ” Ramachandran. In addition, Shane Shook, an expert in the field of cyber forensics and Leo Casusol, former Cyxtera Technologies CIO, serve as venture consultants. The firm now has $750 million under management.

FinSMEs

20/02/2020

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