Ten Eleven Ventures
Ten Eleven Ventures is a specialized multi-stage global venture capital firm founded in 2014 that invests exclusively in cybersecurity companies. The firm manages approximately $1 billion in AUM across 70+ portfolio investments in 13 countries, with offices in the US and UK.
- Company typePrivate
- Founded2014
- HeadquartersBurlingame, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ten Eleven Ventures does
Ten Eleven Ventures is a specialized global venture capital firm that invests exclusively in cybersecurity companies across all stages from seed to growth. Founded in 2014 by Alex Doll and Mark Hatfield, the firm is headquartered in Burlingame, California, with additional offices in Boulder, Boston, and Mayfair, London (the UK entity is FCA-authorized via Sapia Partners LLP). As of early 2026, Ten Eleven manages approximately $1 billion in assets under management and has invested in 70+ cybersecurity companies across 13 countries, with notable concentrations of 10+ investments in the United Kingdom and 10+ in Israel.
The firm's core offering combines multi-stage equity capital with hands-on operational support. Beyond deployment, Ten Eleven operates the Security Trust and Resilience Network, a curated two-sided community of senior technology and security leaders (CIOs, CISOs, Chief Trust Officers, CDOs, COOs) that portfolio founders access for advisory board formation, design partnerships, product feedback, and introductions. Investment themes span identity, AI governance, data protection, OT/IoT security, cloud security, compliance automation, and quantum resilience. The firm often leads rounds, takes board seats, and pairs portfolio companies with co-investors including KKR (under a Joint Investment Alliance), Team8, General Catalyst, Balderton Capital, Sorenson Capital, and In-Q-Tel.
Ten Eleven generates revenue from standard venture capital management fees on committed and invested capital across its multi-stage cybersecurity-focused funds, plus carried interest tied to portfolio company exits. The exit track record includes IPOs (Darktrace, KnowBe4) and strategic acquisitions (Cylance by BlackBerry, Twistlock by Palo Alto Networks, Ping Identity, Hexadite by Microsoft, Verodin by Mandiant, Digital Shadows by ReliaQuest, Noetic Cyber by Rapid7, Vulcan Cyber by Tenable, Ionic Security by Twilio, KnowBe4 by Vista Equity Partners for $4.6B). A 14-person team including Partner & COO Brian Draves, Partner & CTO Scott Lundgren, Partner & CMO Megan Dubofsky, and CFO Katherine Lohr-Valdez supports the platform.
Ten Eleven Ventures firmographics
Firmographics- Name
- Ten Eleven Ventures
- Legal name
- TenEleven
- Website
- https://www.1011vc.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ten Eleven Ventures is a specialized multi-stage global venture capital firm founded in 2014 that invests exclusively in cybersecurity companies. The firm manages approximately $1 billion in AUM across 70+ portfolio investments in 13 countries, with offices in the US and UK.
- Ownership category
- akta.pro rank
Ten Eleven Ventures industry classification
Industry- Product category
- Venture Capital (Cybersecurity)
- NAICS
- Portfolio Management and Investment Advice (523940)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industry
- Financial Services / Fintech Growth Equity (FSANACAE)
Keywords
Where Ten Eleven Ventures is headquartered
LocationHeadquarters
- HQ city
- Burlingame
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Ten Eleven Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fund Management Fees: Standard venture capital management fees charged to limited partners on committed and invested capital across Ten Eleven's multi-stage cybersecurity-focused funds (specific fee terms not publicly disclosed).
- Carried Interest and Investment Returns: Ten Eleven generates returns through portfolio company exits and liquidity events. The firm has realized exits including Cylance (acquired by BlackBerry), Darktrace (IPO), Ping Identity (acquired), KnowBe4 (IPO then acquired by Vista Equity Partners for $4.6B), Hexadite (acquired by Microsoft), Twistlock (acquired by Palo Alto Networks), Verodin (acquired by Mandiant), CyberGRX, BlackHorse (acquired by Parsons), Digital Shadows (acquired by ReliaQuest), Noetic Cyber (acquired by Rapid7), Immuta, Ionic Security (acquired by Twilio), JASK, OffSec, Cado Security, Axis Security, ReliaQuest, Revelock, and Vulcan Cyber (acquired by Tenable). Specific carried interest percentages are not publicly disclosed.
Go-to-market motion4 records
Marketing channels8 records
Ten Eleven Ventures product offering
Product offeringCore offering
Ten Eleven Ventures is a specialized multi-stage global venture capital firm that invests exclusively in cybersecurity companies across seed, venture, and growth stages. The firm deploys capital into cybersecurity startups while also providing hands-on operational support, technical due diligence, and access to its Security Trust and Resilience Network of senior CISOs, CIOs, CDOs, and COOs, and operates a Joint Investment Alliance with KKR for larger growth-stage rounds.
Product overview
Ten Eleven Ventures is not a software product company but a specialized multi-stage global venture capital firm dedicated exclusively to cybersecurity. Founded in 2014 by Alex Doll and Mark Hatfield, the firm manages approximately $1B in assets and has invested in 70+ cybersecurity companies across 13 countries. Rather than developing its own products, Ten Eleven delivers a service offering to founders that bundles multi-stage capital (seed, venture, growth), deep technical domain knowledge of attack surfaces, buyer behavior and regulatory environments, hands-on operational support across all functions, and access to a global network of senior cyber leaders (CIOs, CISOs, Chief Trust Officers, CDOs, COOs). The firm often leads rounds and takes board seats, and pairs portfolio founders with co-investors, bankers, research analysts, PR/marketing experts, channel partners, legal advisors and recruiters. Coverage areas span identity, AI governance, data protection, OT/IoT security, cloud, compliance automation, quantum resilience and national defense. The firm is headquartered in Burlingame (Silicon Valley) with offices in Boulder (CO), Boston (MA) and London (UK), and supports an LP portal (fundpanel.io/TenEleven) and a careers portal (jobs.1011vc.com/jobs).
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- ~$1B in assets under management as of early 2026
- +3 more outcomes
Companies that use Ten Eleven Ventures
Customer profileSegments4 records
Ideal customer profiles4 records
Ten Eleven Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ten Eleven Ventures partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- KKRflagshipTen Eleven operates a Joint Investment Alliance with KKR, co-investing across multiple funds and deals. The JIA partnership has supported investments in Semperis, NetSPI, and other portfolio companies, combining KKR's capital scale with Ten Eleven's specialist cybersecurity expertise. Past co-investment spans active growth-stage rounds.
- Ido Livneh (Jazz CEO)coreJazz is led by Co-Founder & CEO Ido Livneh, Co-Founder & CTO Yonatan Zohar, Co-Founder & CBO Noam Issachar, and Co-Founder & Chief AI Officer Jake Turetsky; veterans of Israeli intelligence Unit 81 and former employees of Axonius and Laminar.
- Karine Mellata (Variance CEO)coreVariance is led by Co-founder & CEO Karine Mellata and Co-founder & CTO Michael Lin, who met at Apple's Fraud Engineering and Algorithmic Risk team. Variance was founded in 2023 and headquartered in San Francisco.
- Gal Shafir (Fig CEO)coreFig Security is led by Co-Founder & CEO Gal Shafir, Co-Founder & Chief Product Officer Nir Dahan, and Co-Founder & CTO Roy Haimof. Founded in 2024 and headquartered in Tel Aviv, Israel.
- Holly VenturesminorHolly Ventures launched a $33M cybersecurity seed fund in December 2025 with a new model built on access, expanding the specialist cybersecurity VC ecosystem in which Ten Eleven operates.
Scale indicators10 records
Recent moves7 records
Expansion highlights5 records
Ten Eleven Ventures competitors and assessment
Company assessmentDirect peers
- YL Ventures: Israel- and US-based specialist cybersecurity venture capital firm investing across seed and early stages. Directly comparable to Ten Eleven as one of the top 5 specialist cyber VCs with deep Israeli sourcing and multi-stage capabilities.
- Ballistic Ventures: CISO-led specialist cybersecurity venture capital firm founded by operators from the security industry. Directly comparable as a top-5 specialist cyber VC that leans on CISO networks and operator experience, mirroring Ten Eleven's community-led thesis.
- Forgepoint Capital: Specialist cybersecurity venture capital firm investing across stages with strong relationships across the security buyer ecosystem. Directly comparable as one of the named top-5 specialist cyber VCs alongside Ten Eleven.
- Cyberstarts: Specialist cybersecurity venture capital firm known for day-one seed investments led by Gili Raanan. Directly comparable as a named top-5 specialist cyber VC with an elite founder network and concentrated cyber focus.
- Team8: Israel-based cybersecurity-focused venture builder and venture capital firm that co-invests and co-leads rounds with Ten Eleven. Directly comparable as a specialist cyber investor with deep Israeli sourcing and operational company-building capabilities.
- Sorenson Capital: Growth-oriented venture capital firm with cybersecurity focus that has co-led multiple rounds with Ten Eleven (VulnCheck, etc.). Comparable as a cyber-active investor that Ten Eleven partners with repeatedly on growth-stage financings.
- Glilot Capital Partners: Israel- and US-based venture capital firm with cybersecurity as a primary thesis. Comparable as a cyber-focused investor that has co-led rounds alongside Ten Eleven (Jazz $61M round) and shares deep Israeli sourcing expertise.
- NightDragon: Specialist cybersecurity and safety venture capital firm investing across growth stages. Comparable as a domain-specialist cyber investor that overlaps with Ten Eleven on later-stage rounds, particularly in security operations and infrastructure.
Broad incumbents
- Accel: Major US venture capital firm with a long-standing cybersecurity investment practice. Comparable as a broad incumbent that competes for the same founder mindshare at later stages and brings larger fund checks, though cybersecurity is one of several focus areas.
- Bessemer Venture Partners: Large US venture capital firm with an active cybersecurity practice across stages. Comparable as a broad incumbent that competes for growth-stage cyber rounds and brings cloud and enterprise software expertise across a wider portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ten Eleven Ventures social profiles
Digital presenceTen Eleven Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ten Eleven Ventures leadership team
Management profileNumber of profiles
Profiles9 records
Ten Eleven Ventures subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ten Eleven Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ten Eleven Ventures M&A and investment
M&A and investmentM&A
Investments130 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ten Eleven Ventures
What does Ten Eleven Ventures do?
Ten Eleven Ventures is a specialized multi-stage global venture capital firm that invests exclusively in cybersecurity companies across seed, venture, and growth stages. The firm deploys capital into cybersecurity startups while also providing hands-on operational support, technical due diligence, and access to its Security Trust and Resilience Network of senior CISOs, CIOs, CDOs, and COOs, and operates a Joint Investment Alliance with KKR for larger growth-stage rounds.
Is Ten Eleven Ventures a public or private company?
Ten Eleven Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ten Eleven Ventures founded?
Ten Eleven Ventures was founded in 2014. It employs 11 to 50 people.
Where is Ten Eleven Ventures based?
Ten Eleven Ventures is headquartered in Burlingame, United States, in the North America region.
How does Ten Eleven Ventures make money?
Two revenue lines are on record. Fund Management Fees are the primary driver. The others are carried Interest and Investment Returns.
Who are Ten Eleven Ventures's main competitors?
Direct peers on record are YL Ventures, Ballistic Ventures, Forgepoint Capital, Cyberstarts, Team8, Sorenson Capital, Glilot Capital Partners and NightDragon. Broad incumbents are Accel and Bessemer Venture Partners.
Does Ten Eleven Ventures have an API?
No public API is recorded for Ten Eleven Ventures.
What industry is Ten Eleven Ventures in?
Ten Eleven Ventures's product category is Venture Capital (Cybersecurity). Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANACAE, Financial Services / Fintech Growth Equity. Its NAICS code is 523940.