
Ten Eleven Ventures
Description
Ten Eleven Ventures is a specialized venture capital firm uniquely dedicated to the cybersecurity sector, operating globally from its base in Burlingame, United States. Established as the original cybersecurity-focused investment firm, it boasts a deep understanding of the industry's evolving landscape and critical needs. The firm adopts a stage-agnostic investment approach, deploying capital across the entire lifecycle of a company, from early-stage seed rounds through to growth equity investments. This flexibility allows Ten Eleven Ventures to support promising cybersecurity innovators at various points in their development, leveraging its extensive network and operational expertise.
The firm has demonstrated a consistent ability to raise substantial capital, reflecting investor confidence in its specialized strategy. Notable funds include Ten Eleven Ventures Fund I, which closed at $125 million, followed by Fund II at $175 million, and most recently, Fund III, which successfully raised $250 million. These successive fundraises underscore the firm's commitment to long-term investment in the cybersecurity space. Ten Eleven Ventures is known for its "Founders-First" philosophy, providing not just capital but also strategic guidance, industry connections, and operational support to its portfolio companies, helping them navigate market challenges and accelerate growth.
Typically, Ten Eleven Ventures' initial check sizes for new investments range from $5 million to $25 million. This range allows them to lead or co-lead significant rounds for companies poised for disruption in areas such as cloud security, threat intelligence, identity management, and critical infrastructure protection. Their global reach enables them to identify and invest in innovative cybersecurity solutions worldwide, contributing to a more secure digital future. The firm's focused expertise and substantial capital base position it as a key player in the venture capital landscape for cybersecurity.
Investor Profile
Ten Eleven Ventures has backed more than 92 startups, with 13 new investments in the last 12 months alone. The firm has led 43 rounds, about 47% of its total and boasts 17 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom, Israel.
- Strong thematic focus on Cyber Security, Network Security, Information Technology.
- Led 8 rounds in the past year.
- Typical check size: $5M – $25M.
Stage Focus
- Series A (27%)
- Series B (20%)
- Series C (18%)
- Seed (14%)
- Private Equity (5%)
- Series D (4%)
- Series E (3%)
- Post Ipo Equity (2%)
- Series F (2%)
- Series Unknown (2%)
Country Focus
- United States (77%)
- United Kingdom (10%)
- Israel (7%)
- Australia (3%)
- Ireland (2%)
- Spain (1%)
Industry Focus
- Cyber Security
- Network Security
- Information Technology
- Security
- Software
- Cloud Security
- Enterprise Software
- Artificial Intelligence (Ai)
- Machine Learning
- Cloud Data Services
Frequently Asked Questions
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