Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Founded in 2014, Ten Eleven Ventures is a specialized venture capital firm that focuses exclusively on cybersecurity companies. The firm operates from multiple locations, including Silicon Valley, Boulder, Boston, and London. With over $1 billion in assets under management (AUM), Ten Eleven Ventures has established itself as a leader in the cybersecurity investment space.
The firm has built a notable portfolio of over 60 companies, emphasizing its commitment to supporting cybersecurity entrepreneurs. Ten Eleven Ventures is recognized for its unique position as the original VC firm dedicated solely to cybersecurity, addressing significant technical challenges in the domain. The firm has also hosted various curated community events and retreats, fostering collaboration and innovation among its portfolio companies.
Ten Eleven Ventures invests in cybersecurity companies at all stages, from seed to growth equity. The firm targets opportunities in North America, Europe, and Asia, emphasizing a global perspective in its investment strategy. Ten Eleven Ventures seeks to back exceptional founders who are addressing critical challenges in the cybersecurity landscape.
The firm’s investment thesis revolves around defending digital infrastructure, AI systems, privacy, and device management. Ten Eleven Ventures provides not only capital but also connections and cybersecurity-specific domain expertise to its portfolio companies. This approach allows them to support companies that are securing the digital future and tackling the evolving threats in the cybersecurity space.
Ten Eleven Ventures has a diverse portfolio of notable companies in the cybersecurity sector. Key portfolio companies include:
Other notable exits from their portfolio include Darktrace (IPO), Cylance (acquired by BlackBerry for ~$1.4B), Hexadite (acquired by Microsoft), Axis Security (acquired), Digital Shadows (acquired by ReliaQuest), and CyberGRX (acquired).
Alex Doll: Founder / Managing General Partner. Alex has extensive experience in venture capital and cybersecurity, having led numerous successful investments in the sector.
Mark Hatfield: Founder / General Partner. Mark brings a wealth of knowledge in cybersecurity and has been instrumental in shaping the firm's investment strategy.
Dave Palmer: General Partner. Dave has a strong background in technology and cybersecurity, contributing to the firm's investment decisions.
Brian Draves: Partner and COO. Brian oversees operations and ensures the firm runs efficiently while supporting portfolio companies.
Grace Cassy: Partner & Executive Chair of Security Trust & Reliance Network. Grace focuses on building strategic partnerships within the cybersecurity community.
Megan Dubofsky: Partner & CMO. Megan leads marketing efforts and enhances the firm's visibility in the cybersecurity sector.
Scott Lundgren: Partner & CTO. Scott provides technical expertise and guidance to portfolio companies.
Kaiti Delaney: Principal. Kaiti supports investment analysis and portfolio management.
Katherine Lohr-Valdez: CFO. Katherine manages the firm's financial operations and reporting.
Ben Charlson: Senior Associate. Ben assists in sourcing and evaluating investment opportunities.
Sid Subramanian: Senior Associate. Sid focuses on due diligence and portfolio support.
Hattie Egan-Young: Vice President of Marketing. Hattie enhances the firm's outreach and engagement strategies.
Dani Andrade: Director of Events. Dani organizes events and retreats for portfolio companies.
Hallie Larson: Controller. Hallie manages the firm's accounting and financial reporting.
To pitch to Ten Eleven Ventures, founders should visit their website at 1011vc.com and submit their pitch deck. The deck should include a clear overview of the business model, market opportunity, and team qualifications. The firm prefers detailed submissions that demonstrate a thorough understanding of the cybersecurity landscape.
Response times may vary, but founders can expect feedback within a few weeks. Warm introductions are beneficial but not mandatory.
In January 2026, Ten Eleven Ventures led a $10M seed investment in Furl, an AI-driven automation company. This investment highlights the firm's ongoing commitment to supporting innovative cybersecurity solutions.
In September 2025, Ten Eleven Ventures led a $320M Series B investment in IQM Quantum Computers, which focuses on superconducting full-stack quantum computers. This investment marks a notable expansion into quantum computing technology.
In June 2025, the firm co-led a $40M Series B investment in Hypernative, further demonstrating its active engagement in the cybersecurity sector.
Additionally, Ten Eleven Ventures made investments in VulnCheck ($12M Series A) and several other companies, including Fleet, Geordie, and Guardare in 2025.
What are Ten Eleven Ventures' investment criteria?
Ten Eleven Ventures focuses exclusively on cybersecurity companies at all stages, from seed to growth equity. They seek to invest in exceptional founders who are addressing significant challenges in the cybersecurity domain.
How can I apply or pitch to Ten Eleven Ventures?
Founders can pitch their ideas through the firm's website at 1011vc.com. It is advisable to include a detailed deck outlining the business model, market opportunity, and team background.
What makes Ten Eleven Ventures different from other VC firms?
Ten Eleven Ventures is the original VC firm dedicated solely to cybersecurity, providing not only capital but also cybersecurity-specific domain expertise and connections to its portfolio companies.
What is the geographic scope of Ten Eleven Ventures' investments?
The firm invests in cybersecurity companies across North America, Europe, and Asia, emphasizing a global perspective in their investment strategy.
What is Ten Eleven Ventures' post-investment involvement like?
Ten Eleven Ventures actively engages with its portfolio companies by providing capital, connections, and hosting curated community events and retreats to foster collaboration and innovation.
What is the typical check size for investments?
While specific check sizes vary, Ten Eleven Ventures invests across all stages, indicating a flexible approach to funding based on the needs of the company.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.