Ten Eleven Ventures
Ten Eleven Ventures funds exceptional cybersecurity companies at all stages globally.
Ten Eleven Ventures is the original cybersecurity-focused venture capital firm investing across all stages, from seed to growth equity. Founded in 2014 and managing over $1 billion in assets under management, the firm exclusively targets exceptional founders addressing critical digital security challenges, including AI defense systems and privacy technologies. Beyond capital deployment, Ten Eleven operates as a platform for the cybersecurity community through technical coaching and curated retreats connecting portfolio founders with senior security professionals. The firm has generated 7 unicorns and 21 acquisitions including Cylance ($1.4B), KnowBe4 ($4.6B), and Ping Identity.
Problem solved
Cybersecurity startups lack access to specialized venture capital, domain expertise, and networks specific to the security industry.
Target customer
Early-stage to growth-stage cybersecurity companies addressing critical digital security, AI defense, and privacy/device management challenges
Founders
A
Alex Doll
Founder & Managing General Partner
Co-founder of PGP Corp, served as founding board member and CFO/VP of Business Development at PGP; angel investor and former entrepreneur-in-residence at Khosla Ventures; MBA from Stanford GSB, B.S. in Systems Engineering and Finance from University of Pennsylvania.
M
Mark Hatfield
Founder & General Partner
20+ years in venture, cybersecurity, and IT; prior director at Motorola Ventures and partner at Fairhaven Capital; started career in IT at Bank of Montreal and Motorola.
Funding history
Fund III
$600,000,000
June 2022
Led by KKR, institutional LPs
· Unknown
Total raised:
$1,000,000,000+
Industries
Pricing
Not applicable. Ten Eleven Ventures operates as a venture capital fund earning returns through equity stakes in portfolio companies.
Notable customers
Portfolio companies include: KnowBe4, Darktrace, Twistlock, Verodin, Cylance, Ping Identity, Barracuda, Aura, Hypernative, IQM Quantum, Vulncheck, Fleet, Geordie, Furl
Integrations
KKR co-investment partnership (1011vc/KKR Joint Investment Alliance established 2014)
Website
Competitors
Forgepoint Capital
Also cyber-focused but broader in stage and geographic scope; less emphasis on defending AI and privacy technologies.
YL Ventures
Invests across security and enterprise but not exclusively cybersecurity-focused.
Ballistic Ventures
Exclusive cybersecurity focus but smaller fund size and later entrant to the space.
Paladin Capital Group
Defense-focused security investing with less emphasis on commercial cybersecurity.
Top Tier Capital Partners
Broader enterprise and infrastructure focus beyond pure cybersecurity.
Why this matters: Ten Eleven Ventures pioneered the cybersecurity-focused venture model in 2014 and remains the dominant player with $1B+ AUM, 7 unicorns, and 21+ acquisitions. The firm's differentiation through community platform (security professional retreats) and specialized expertise in emerging threats like AI defense systems makes it the gold standard for serious cybersecurity founders seeking strategic capital beyond traditional VC support.
Best for: Cybersecurity founders seeking specialized venture capital combined with domain expertise, security professional networks, and strategic community platform access.
Use cases
Early-stage cybersecurity startup fundraising
A seed-stage AI defense company can access Ten Eleven's specialized expertise in defending AI systems, network of CISOs and security leaders, and strategic guidance on market positioning within the cybersecurity landscape.
Growth-stage expansion and board support
A Series B privacy/device management startup benefits from Ten Eleven's technical coaching, curated retreats connecting with senior security professionals, and co-investment partnerships like KKR for accelerating growth and market adoption.
Scaling through community and technical expertise
Portfolio founders leverage Ten Eleven's proprietary retreat network to build relationships with enterprise security buyers, get feedback from security practitioners, and access domain-specific operational guidance that pure generalist VCs cannot provide.
Alternatives
Forgepoint Capital
Choose Forgepoint for broader cyber-adjacent infrastructure and enterprise investing with less emphasis on defending AI and privacy-specific technologies.
Ballistic Ventures
Choose Ballistic for exclusive cybersecurity focus if you prefer a smaller, newer fund with different portfolio thesis.
FAQ
What does Ten Eleven Ventures do? +
Ten Eleven Ventures is a cybersecurity-focused venture capital firm that invests in exceptional founders addressing critical digital security challenges across all stages—from seed to growth equity. The firm manages over $1 billion in assets and operates as a platform for the cybersecurity community through technical coaching, curated retreats, and strategic guidance beyond capital deployment.
How much does Ten Eleven Ventures invest? +
Ten Eleven Ventures is stage-agnostic and invests across seed, Series A, growth equity, and later stages. Recent investments range from $6.5M to $320M depending on company stage and capital needs. Contact the firm directly for specific investment criteria and check-sizes for your stage.
What are alternatives to Ten Eleven Ventures? +
Alternatives include Forgepoint Capital (broader cyber-focused investing), Ballistic Ventures (exclusive cybersecurity focus with different thesis), YL Ventures (security and enterprise investing), and Paladin Capital Group (defense-focused security investing).
Who uses Ten Eleven Ventures? +
Cybersecurity founders at seed through growth stages addressing AI defense, privacy, device management, and critical digital security challenges. Portfolio companies include KnowBe4, Darktrace, Cylance (acquired $1.4B), Ping Identity, and recent investments in Hypernative, IQM Quantum, and Vulncheck.
How does Ten Eleven Ventures compare to Forgepoint Capital? +
Ten Eleven is the original cybersecurity-exclusive VC firm with deeper security domain expertise and community platform (curated retreats). Forgepoint has broader cyber-adjacent infrastructure focus and is not exclusively cybersecurity-focused. Ten Eleven emphasizes defending AI and privacy technologies more explicitly.
Tags
venture capital
cybersecurity
AI defense
privacy
device management
stage-agnostic investing
community platform