Cybersecurity-focused VC Ten Eleven Ventures has raised $200m for the final close of its TEV II Fund.
The US-based investor will tap the fund to lead Series A and B rounds for cybersecurity companies.
JP Morgan Securities served as a placement agent for the fund in the US according to an SEC filing.
The stage-agnostic VC raised $77.5m for its first venture capital fund, a separate filing shows, however is unclear how much TEV I Fund eventually closed on.
Through its TEV I and debut growth fund, TEG I, the firm has invested in 16 companies so far including such as CyberGRX, Cylance, Digital Shadows, Hexadite, Jask, Twistlock and Verodin.
Ten Eleven has also announced the appointment of Paul Ayers as an entrepreneur based in London in residence and Kaiti Delaney an associate based in Colorado.
These latest hires follow the appointment of the firm’s COO and partner Brian Draves, who joined Ten Eleven last year.
“With new capital and an expanded team in place, Ten Eleven Ventures is ready to ignite and nurture the next generation of cybersecurity companies across the globe,” said Ten Eleven founder and managing general partner Alex Doll in a blog post.
“We look forward to the work ahead, confident in the expert firm we have built and our unparalleled ability to source, assess, and help grow innovative cybersecurity companies that protect the digital assets and infrastructures of organizations and countries worldwide.”
Ten Eleven was founded in 2015 and now has around $500m of assets under management across its fund strategies.
Last year Ten Eleven hit a $140m final close for its second growth fund, which received backing from Singapore sovereign investor Temasek.
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