GoKawiilBallistic Ventures files to raise $490M across two new cybersecurity funds
Ballistic Ventures, the cybersecurity-focused VC firm co-founded by Ted Schlein, has filed with the SEC to raise $360 million for its third flagship fund and $130 million for a separate vehicle called Fund B, according to regulatory filings reviewed by TechCrunch. Neither fund had recorded any sales at the time of filing, and the amounts mirror the firm's 2024 fundraise and its earlier Fund A vehicle.
GoKawiil's interpretation of the reporting above, not reported fact.
The fundraising push comes as AI is reshaping both the threat landscape and the pool of startups addressing it, which could sustain investor appetite for specialized cybersecurity funds. An unnamed rival investor told TechCrunch that Ballistic's Kleiner Perkins pedigree differentiates it, even though its strategy resembles peers like Forgepoint Capital and Ten Eleven Ventures, suggesting competition for cybersecurity deal flow may intensify.
- Ballistic Ventures is seeking $360M for its third flagship fund, matching its 2024 raise.
- A separate $130M vehicle, Fund B, mirrors its prior Fund A structure.
- The firm's past exits include Talon Cyber Security (bought by Palo Alto Networks) and Pangea (bought by CrowdStrike).
Source: techcrunch.com — Jagmeet Singh, 2026-11-03
Published there as: “Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom”
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