TenEleven Ventures

Founded 2014
Founders Alex Doll Mark Hatfield

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 39
Average round size
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The average size of a deal this fund participated in
$41M
Portfolio companies 28
Rounds per year 5.57
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Exits 10
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Cyber Security
  • Software
  • Network Security
  • Information Technology
  • Security
Summary

TenEleven Ventures appeared to be the VC, which was created in 2014. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Burlingame.

Considering the real fund results, this VC is 15 percentage points more often commits exit comparing to other organizations. When the investment is from TenEleven Ventures the average startup value is 500 millions - 1 billion dollars. The fund is constantly included in 2-6 investment rounds annually. Comparing to the other companies, this TenEleven Ventures performs on 16 percentage points less the average number of lead investments. The usual things for fund are deals in the range of 10 - 50 millions dollars. The important activity for fund was in 2019. The higher amount of exits for fund were in 2019.

Among the most popular portfolio startups of the fund, we may highlight Darktrace, Cylance, Ionic Security. The fund has specific favorite in a number of founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. We can highlight the next thriving fund investment areas, such as Enterprise Software, Artificial Intelligence. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

This organization was formed by Alex Doll, Mark Hatfield. Besides them, we counted 3 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the TenEleven Ventures, startups are often financed by Fairhaven Capital Partners, Goldman Sachs, YL Ventures. The meaningful sponsors for the fund in investment in the same round are Kohlberg Kravis Roberts, Dell Technologies Capital, YL Ventures. In the next rounds fund is usually obtained by Rally Ventures, Kohlberg Kravis Roberts, Dell Technologies Capital.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Blumira

Computer
Cyber Security
Information Technology
Network Security
$10M18 Aug 2021 Ann Arbor, Michigan, United States

[redacted]

Cyber Security
Network Security
Small and Medium Businesses
Software
$35M01 Jun 2021 San Francisco, California, United States

Immuta

Analytics
Big Data
Cyber Security
Privacy
Security
Software
$90M20 May 2021 Boston, Massachusetts, United States

NetSPI

Computer
Cyber Security
Information Technology
Network Security
$90M12 May 2021 Minneapolis, Minnesota, United States

Cado Security

Cyber Security
Enterprise Software
Network Security
Software
$10M15 Apr 2021 London, England, United Kingdom

Axis Security

Cloud Security
Cyber Security
Information Technology
Network Security
Software
$50M22 Mar 2021 California, United States

Vulcan Cyber

Cyber Security
Network Security
Risk Management
Security
Software
$21M17 Mar 2021 Tel Aviv-Yafo, Tel Aviv District, Israel

Cado Security

Cyber Security
Enterprise Software
Network Security
Software
$1M05 Nov 2020 London, England, United Kingdom

Sonrai Security

Cloud Data Services
Cloud Security
Identity Management
Information Technology
Software
$20M15 Oct 2020 New York, United States
News
Sonrai Security Announces $50M in Series C Funding Led by ISTARI to Scale Multicloud Security for Global Enterprises

– Sonrai Security announced a $50M Series C funding round.
– The round was led by ISTARI, a global cybersecurity platform dedicated to helping clients build cyber resilience, with participation from existing investors Polaris Partners, Menlo Ventures, TenEleven Ventures and New Brunswick Innovation Fund.
– The Series C round brings the total capital raised by Sonrai to $88 million.
– Sonrai plans to use new funding to accelerate research and development and expand sales and marketing globally for the company’s industry-leading cloud security platform.
– Public cloud complexity for global enterprises is exploding as microservices, workloads and associated ‘non-people’ identities proliferate rapidly.
– Sonrai has identified 17,000 unique permissions settings across AWS, Azure and GCP cloud platforms with approximately 20 new permissions added daily.

Cybersecurity monitoring and response startup Blumira raises $10.3M

– Blumira, a cybersecurity startup based in Ann Arbor, Michigan, announced that it raised $10.3 million in a series A round led by Mercury with participation from Ten Eleven Ventures, M25, Array Ventures, and others.
– The investment, which brings Blumira’s total raised to $12.9 million to date, will be used to grow the company’s security information and event management platform and double the size of its team to 80 employees within the next year.
– As enterprises embrace digital transformation during the pandemic, malicious actors are taking note — and advantage, in many cases. The world now faces roughly over 100,000 malicious websites and 10,000 malicious files every day. And ransomware has become prolific, despite the fact that 75% of companies infected with ransomware are running up-to-date endpoint protection.

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