Blu Venture Investors launches $25m BVI Cyber Fund for Series A growth cybersecurity companies
Blu Venture Investors, a primary source venture capital firm, announced the launch of the BVI Cyber Fund, a $25 million fund targeted at Series A growth companies in cybersecurity. This fund builds on the success and momentum Blu Ventures has established in supporting the cybersecurity ecosystem in the Mid-Atlantic region and beyond.
Michael Sutton, Principal, Blu Ventures: "With over 800 cybersecurity firms in the Washington, D.C. region, Blu Ventures is seated at the center of the cyber/intelligence ecosystem. We are excited to continue helping fast-growing cyber companies scale and tackle the most difficult cybersecurity challenges facing commercial and government organizations today."
The timing of the BVI Cyber Fund comes at a pivotal time given the record-breaking increase in sophisticated breaches and cyberattacks and President Biden's May 12, 2021 Executive Order on Improving the Nation's Cybersecurity. Blu Ventures has and will continue to invest in forward-looking cybersecurity technologies within core areas that include Endpoint Detection & Response, Data Storage; Web & Cloud; Messaging; Network; Industrial & Internet of Things (IoT); Threat Intel; Mobile; Fraud Protection & Transaction; Risk, Compliance & Training; Specialized Threat Analysis & Protection and Security Ops & Incident Response.