Ted Schlein’s Ballistic Ventures is raising $100M for a new fund

Here’s a summary of the information gathered from the text:

VC Firm

• Name: Ballistic Ventures
• Co-founder: Ted Schlein
• Location: San Francisco
• Founded: Late 2021

Fundraising

• Current Fundraise: $100 million
• Previous Fund: $360 million (second fund)
• Latest Series Funded:
  • Startup: GetReal Labs
  • Amount: $17.5 million
  • Series: Series A
  • Date: Recently announced (exact date not specified)

Founders and Partners

• Co-founders/General Partners:
  • Ted Schlein
  • Kevin Mandia
  • Barmak Meftah
  • Jake Seid
  • Roger Thornton
• CISO-in-Residence: Gregory Crabb (former USPS CISO)

Startup Investments

• Total Startups Invested in: 59
• Exits: 6

Market Context

• Venture Funding in Cybersecurity (2024):
  • Amount: $11.6 billion
  • Year-over-Year Growth: 43%
  • Total Deals: 639 (compared to 821 in 2023)

Additional Information

• Comment on Fundraising: Ballistic declined to comment.
• Source: TechCrunch and Crunchbase

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2025-04-03 20:20:24