Nightdragon Management Company, LLC logo

Nightdragon Management Company, LLC

Growth investorSEC venture capital fund adviser· San Francisco, Californianightdragon.com

NightDragon is the leading venture capital firm for cybersecurity, security, safety, and privacy. We turn missions into market forces.

In the firm's own words, from its website.

Reported fund assets
$681M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
None
Investment team
41
Latest vintage
2024
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

81 additional team members, 37 additional co-investors and affiliates, 14 additional investments, funds and LPs, 3 events, 4 verified contacts (3 professional url, 1 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 3 deals
    with DCVC

    Invests most often alongside DCVC (3 shared deals) and Center15 Capital (2 shared deals).

    pair last observed on record 1 Oct 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • CIO and Privacy Officer, Western Carolina University
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

145 connected entities7 observed rounds2 repeat counterparties1 dated round shown here, 2025

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Nightdragon Management Company, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Nightdragon Management Company, LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

17 companies on record, 0 new in 12 months

Investments on record

17 companies, 6 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
armada.aiportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Capella Spaceportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Classiqportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website

Stated thesis versus observed behaviour

24 observed deals
Stated (the firm’s website)
Sectors
ai, energy, defense, cybersecurity, quantum
Stages
not stated or not yet read
Geography
global
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series d plus 100%
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (1)
lead rate 0%follow-on rate 67%new companies, 12 months 0

Team

85 current, 1 departed

Decision makers

who to call first, and why; then everyone else by function
  • Matthew Martin · CIO and Privacy Officer, Western Carolina University
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • David Dewalt · Managing Member
    Why this person: Named with investment responsibility
  • Kenneth W Gonzalez · Managing Member
    Why this person: Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team

85 current, 1 departed
1 departed (kept with end dates)
  • Steven Simonian · Chief Compliance Officer, Chief Financial Officer · Sep 1, 2019 to Nov 27, 2023 Inference

Contacts

1 firm phone, 3 professional url

1 firm phone, 3 professional url on record, each with its source. Values open with the complete profile.

Funds and LPs

3 vehicles, 0 LPs disclosed

Funds and vehicles

3 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
NDGII Special Opportunities, L.P.Opportunity fund2024 form d first saleEarly deployment$14.6M
Mar 27, 2026
2$0
of $15.0M
Sep 25, 2024
Nightdragon Growth II, L.P.Growth fund2022 form d first saleFundraising$152M
Mar 27, 2026
564$435MJun 3, 2025
Nightdragon Growth I, L.P.Growth fundunknownUnknown$514M
Mar 27, 2026
700$0Sep 2, 2020

Limited partners

0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.

Known LPs and allocators

0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

41 co-investors · on 1 other DFX graph

Co-investors

41 counted from shared deals, for the whole firm

Compare portfolios with DCVC, Center15 Capital LLC, Glynn Capital Management, LLC or any firm. Co-investors across the market

Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Nightdragon Management Company, LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

8 dated events, 72 observations from 4 sources

Timeline

8 dated events
  1. Mar 27, 2026
    Ndgii Special Opportunities, L.P. first reported on Form ADV by Nightdragon Management Company, LLC (Venture Capital Fund), GAV $14,639,691
    Fund first reported on Form ADVFundsInferenceNDGII Special Opportunities, L.P.Form ADV
  2. Jan 1, 2024
    Tony Chow joined Schedule A of Nightdragon Management Company, LLC as Chief Compliance Officer
    Person joinedPeopleFactTony ChowForm ADV
  3. Jan 1, 2024
    Barbara Helen Massa joined Schedule A of Nightdragon Management Company, LLC as Chief Operating Officer
    Person joinedPeopleFactBarbara Helen MassaForm ADV
  4. Nov 27, 2023
    Steven Joseph Simonian (Chief Compliance Officer, Chief Financial Officer) no longer on Schedule A of Nightdragon Management Company, LLC
    Person leftPeopleInferenceSteven SimonianForm ADV
  5. Nov 8, 2022
    Nightdragon Growth II, L.P. first reported on Form ADV by Nightdragon Administrative LLC (Venture Capital Fund)
    Fund first reported on Form ADVFundsFactNightdragon Growth II, L.P.Form ADV

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 3 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 27, 2026
Private funds reported
3 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$681Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Growth investor (confirmed, 95%)
    Growth or late-stage vehicles only

Evidence

72 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 27, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 6, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 27, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 6, 2024FactForm ADV
First Form ADV filing2020-10-28Mar 27, 2026FactForm ADV
First Form ADV filing2020-10-28Mar 6, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2026-03-27Mar 27, 2026FactForm ADV
Latest Form ADV filing2024-03-06Mar 6, 2024FactForm ADV
SEC statusERA - ActiveMar 27, 2026FactForm ADV
SEC status effective2023-04-18Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 27, 2026FactForm ADV
Venture share of reported funds1Mar 6, 2024FactForm ADV
Business phoneMar 27, 2026FactForm ADV
Business phoneMar 6, 2024FactForm ADV
Contact page urlOct 1, 2026Fact
Contact page urlSep 16, 2026Fact
DescriptionOct 1, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
HeadquartersSan Francisco, CAMar 27, 2026FactForm ADV
HeadquartersSan Francisco, CAMar 6, 2024FactForm ADV
Office addressMar 27, 2026FactForm ADV
Office addressMar 6, 2024FactForm ADV
Legal formLimited Liability CompanyMar 27, 2026FactForm ADV
Legal formLimited Liability CompanyMar 6, 2024FactForm ADV
Portfolio pageOct 1, 2026Fact
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported3Mar 27, 2026FactForm ADV
Private funds reported3Mar 27, 2026FactForm ADV
Private funds reported2Mar 6, 2024FactForm ADV
Private fund gross assets (reported)$681MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$681MMar 27, 2026FactForm ADV
Private fund gross assets (reported)$536MMar 6, 2024FactForm ADV
Schedule a diffsadiff-1Mar 27, 2026FactForm ADV
Stated geographyglobal
“geography words on the home page”
Oct 1, 2026Fact
Stated geographyglobal
“geography words on the home page”
Sep 16, 2026Fact
Stated geographyglobal
“geography words on the home page”
Sep 15, 2026Fact
Stated sectorsAI, energy, defense, cybersecurity, quantum
“sector words on the home page”
Oct 1, 2026Fact
Stated sectorsAI, energy, defense, cybersecurity, quantum
“sector words on the home page”
Sep 16, 2026Fact
Stated sectorsAI, energy, defense, cybersecurity, quantum
“sector words on the home page”
Sep 15, 2026Fact
Team pageOct 1, 2026Fact
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported3Mar 27, 2026FactForm ADV
Venture funds reported3Mar 27, 2026FactForm ADV
Venture funds reported2Mar 6, 2024FactForm ADV
WebsiteMar 6, 2024FactForm ADV
Site titleOct 1, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersGrowth investor, confirmedShow
Importance
58
elevated
Active deployment
29
moderate
Emerging
0
low
Freshness
100
high
Growth investorSEC exempt reporting adviser

Growth or late-stage vehicles only

The inputs behind each score
importance
gav: 0.56 · funds: 0.25 · people: 1 · investments: 0.51 · co investors: 0.65
active deployment
investments 12m: 0.13 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2025-12-18
emerging manager
fund count: 3 · reported gav: $681M · first adv filing: 2020-10-28 · years since first filing: 5.9

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2020-10-28source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.