Ten Eleven Ventures Raises $600M Third Generation Fund

Ten Eleven Ventures, a Burlingame, CA-based cybersecurity-focused, global, stage-agnostic investment firm, raised a $600M Third Generation fund.

The fund will invest from seed to growth in the next generation of top security companies.

Led by Alex Doll and Mark Hatfield, Ten Eleven Ventures is a cybersecurity-focused, global, stage agnostic investment firm. The firm helps to grow and invest in top cybersecurity companies. This includes those that address critical digital security requirements.

Since its founding, Ten Eleven Ventures has made 40 cybersecurity investments across stages worldwide. The firm’s portfolio includes ten acquisitions and IPOs, including Darktrace, KnowBe4, Ping Identity, Verodin, and Twistlock. Since the beginning of 2020, 40% of the investments have been made outside the U.S. and Canada, including Europe, Israel, and Australia.

This fund raise brings the firm’s total assets under management to over $1 billion.

The team also includes:

  • Partner and COO Brian Draves,
  • Megan Dubofsky is the Operating Partner and CMO.
  • Principal Kaiti Delaney, and
  • Todd Weber is the Operating Partner and CTO.
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