ForgePoint Capital has closed its second fund with a capital pool of $450m as it looks to back early-stage cybersecurity companies.
The sophomore fund will prioritise businesses operating within cyber intelligence, privacy, security services and infrastructure protection.
ForgePoint has already tapped the vehicle to make a number of investments. Late last year, the firm participated in the $47.6m Series B round of Secure Code Warrior, an online coding platform which helps developers improve their security frameworks.
Another companies in its portfolio is Huntress Labs, an advanced threat detection solution.
ForgePoint Capital co-founder and managing director Alberto Yépez said, “We believe that global prosperity and national security depend upon a commitment to protect the digital world.
“At ForgePoint, we have assembled one of the most experienced teams of cybersecurity experts. We bring deep operating know-how from more than 80 years of combined industry experience to help entrepreneurs build lasting companies.”
Last year, ForgePoint Capital released a filing with the US SEC detailing the fundraise; however, at the time, the firm only indicated it was looking to raise $400m.
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