Ted

Two years ago, he launched Ballistic Ventures with an inaugural $300 million fund, a laser focus on cybersecurity, an interesting business model, and a who’s-who of investing partners. Now Ballistic has already closed a second fund, even bigger than the first. “We set out to raise a second $300 million fund and stopped at $360 million,” Schlein told TechCrunch. Ballistic formally registered its plans for a second fund just four months ago, in November, TC was first to report. The Ballistic team also includes general partner Kevin Mandia, the former CEO of Mandiant, which sold to Google in 2022.