Ballistic Ventures
ActiveSan Mateo, CAOther Travel, Hardware, EnergyLast fund filed April 2025Website
5 on a current fund
last 24 months
across filed funds
| Vehicle | Filed | Target | Sold to date | Investors |
|---|---|---|---|---|
| Ballistic Ventures Fund A | April 2025 | $130M | $130M | 35 |
| Ballistic Ventures II Advisors | December 2023 | $3.6M | $3.6M | 17 |
| Ballistic Ventures II | November 2023 | $357M | $357M | 186 |
| Ballistic Ventures I Advisors | December 2021 | $2.6M | $2.6M | 14 |
| Ballistic Ventures I | November 2021 |
Amounts are Item 13 as filed: the target is the whole offering, and the amount sold is cumulative across amendments rather than a final close. The filing carries no per-investor amount, so a firm’s own cheque is not recoverable here.
6 partners are named across this firm’s filings, 5 of them on a fund it is deploying now.
| Partner | Activity | Categories | Board seats | Last 24mo |
|---|---|---|---|---|
| Kevin Mandia | Selective | Cybersecurity, Aerospace & defense | 6 |
Classified sectors of Ballistic Ventures’s own portfolio companies, based on 35 with a verified or cited source.
| Firm | Shared boards | Companies |
|---|---|---|
| Kleiner Perkins | 19 | 3VR Security, Alethea Group, AlienVault, Area 1 Security, CHEGG, FullStory, Hello Soju, INCORTA, Inspirato, Interos, Ionic Security, IronNet Cybersecurity, IronNet, IronPlanet Holdings, IronPlanet, Jask Labs, Nebula, SHAPE SECURITY, Synack |
| Kpcb Digital Growth | 19 | 3VR Security, Alethea Group, AlienVault, Area 1 Security, CHEGG, FullStory, Hello Soju, INCORTA, Inspirato, Interos, Ionic Security, IronNet Cybersecurity, IronNet, IronPlanet Holdings, IronPlanet, Jask Labs, Nebula, SHAPE SECURITY, Synack |
| NightDragon | 3 |
| $297M |
| $297M |
| 309 |
| 3 |
| Barmak Meftah | Slowing | Cybersecurity, Crypto & web3, Enterprise software | 5 | 1 |
| Jacob Seid | Slowing | Cybersecurity | 3 | 1 |
| Derek SmithNot on the current fund | Quiet | Cybersecurity, Manufacturing & industrials, Data & analytics | 7 | 0 |
| Roger Thornton | Quiet | Cybersecurity, Enterprise software | 3 | 0 |
| Ted Schlein | Quiet | Cybersecurity, Consumer apps & internet, Data & analytics | 19 | 0 |
Activity is filed board seats in the last 24 months: 4+ Active, 2–3 Selective, 1 Slowing, none Quiet. A firm's tier totals its partners, so an active firm may be four partners with one seat each. It undercounts partners who invest without taking a board seat, and filings lag a closing by weeks, so Quiet means the paperwork is quiet, not the person.
Not a filing value: this is Lev’s own classification of each company, one company one vote regardless of how many of Ballistic Ventures’s partners are named on its board, shown only when we found a specific, checkable source. Companies with no source read as unclassified and are left out of the shares above.
| FireEye, Interos, Jask Labs |
| Icon Ventures | 2 | Ionic Security, Synack |
| Wing Three | 2 | FireEye, SHAPE SECURITY |
| Accel | 1 | Armadin |
| Bain Capital Ventures | 1 | FireEye |
| BCV | 1 | FireEye |
| Boldstart Ventures | 1 | HyperNative |
| Insight | 1 | CHEGG |
| Institutional Venture Partners | 1 | Inspirato |
| KKR NGT Growth | 1 | CHEGG |
| NB Ventures XAI | 1 | HZO |
| NEA | 1 | SPECTER OPS |
| Q-street Capital | 1 | CHEGG |
A shared board seat: a company where filings name a Ballistic Ventures partner and a partner at the other firm, both with a clean identity match. Not a claim either firm led or co-led the round, only that both are named on the same board.