Ballistic Ventures
The venture capital firm dedicated exclusively to early-stage funding and incubation for entrepreneurs and innovations in cybersecurity.
In the firm's own words, from its website.
13 additional team members, 13 additional co-investors and affiliates, 3 additional investments, funds and LPs, 2 events, 15 verified contacts (12 professional url, 2 firm phone, 1 general firm email)
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
- 3 companiesnew in 12 months
3 new companies in the last 12 months. Latest round Armadin Series B ($256M round) on 1 Oct 2026. Took 1 board seat on new Form D filings in 90 days (Reveal Technology).
A firm writing cheques this quarter is one a founder can pitch now.
- 1 companyportfolio raising
One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 1 Jul 2026 ($4.6M sold on Form D).
A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.
- 3 dealswith Google Ventures
Invests most often alongside Google Ventures (3 shared deals) and Kleiner Perkins (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- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
- Managing MemberWhy: Named with investment responsibilityNo route on file yet
Relationship network
41 connected entities5 observed rounds4 repeat counterpartiesrounds 2025 to 2026
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.
- 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 Ballistic Ventures: 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 Ballistic Ventures
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
4 companies on record, 3 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Armadin, Inc. | Series B · Series B | participant | unknown | $256M | unknown | Oct 1, 2026 | Fact Press release |
| Get Real | portfolio listing | unknown | unknown | unknown | unknown | Sep 25, 2026 | Fact Company website |
| Reveal Technology, Inc. | board seat | unknown · board | Kevin Mandia (strongly supported) | unknown | unknown | Jul 15, 2026 | Inference Form D |
Stated thesis versus observed behaviour
- Sectors
- ai, enterprise software, crypto, cybersecurity
- Stages
- early
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture capital
Team
20 current, 0 departed
Decision makers
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
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Member
- Managing Member
- Managing Member
Contacts
1 general firm email, 2 firm phone, 12 professional url on record, each with its source. Values open with the complete profile.
Funds and LPs
5 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Ballistic Ventures Fund A, LP | Fund | 2025 form d first sale | Newly closed | $137M Mar 27, 2026 | 36 | $130M of $130M | Sep 29, 2025 |
| Ballistic Ventures II, LP | Fund | 2023 form d first sale | Active deployment | $407M Mar 27, 2026 | 184 | $357M of $357M | Mar 15, 2024 |
| Ballistic Ventures II Advisors, LP | Fund | 2023 form d first sale | Active deployment | $4.1M Mar 27, 2026 | 17 | $3.6M of $3.6M | Mar 15, 2024 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Unihealth Foundation | FOUNDATION | Ballistic Ventures II, LP | $152,947 fair value on the foundation's return | reported as of Sep 30, 2025 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
16 co-investors · on 2 other DFX graphs
Co-investors
- 2026-10-013 shared deals · recurring · they led 1 · this firm led 1
- 2026-10-012 shared deals · recurring
- 2026-10-012 shared deals · recurring
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path ShowHide
- The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Ballistic Ventures is the same institution as 2 records in Allocators and RIA and Wealth.
DFX found 2 relationships across 2 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Ballistic Ventures sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
7 dated events, 61 observations from 3 sources
Timeline
- Mar 27, 2026Ballistic Ventures Fund a, LP first reported on Form ADV by Ballistic Ventures (Venture Capital Fund), GAV $137,113,319
- Mar 25, 2024Ballistic Ventures II, LP first reported on Form ADV by Ballistic Ventures (Venture Capital Fund), GAV $275,310,000
- Mar 25, 2024Ballistic Ventures II Advisors, LP first reported on Form ADV by Ballistic Ventures (Venture Capital Fund), GAV $2,200,000
- Mar 1, 2024Agnes W. So joined Schedule A of Ballistic Ventures as Chief Financial Officer
- Mar 31, 2023Ballistic Ventures I Advisors, LP first reported on Form ADV by Ballistic Ventures (Venture Capital Fund), GAV $2,637,158
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 27, 2026 · 5 private fundsShowHide
- Headquarters
- Menlo Park, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- BALLISTICVENTURES.COM
- 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
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $1.1B across 5 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $598M across 5 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 25, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 27, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 25, 2024 | Fact | Form ADV |
| First Form ADV filing | 2022-01-21 | Mar 27, 2026 | Fact | Form ADV |
| First Form ADV filing | 2022-01-21 | Mar 25, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-27 | Mar 27, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-03-25 | Mar 25, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 27, 2026 | Fact | Form ADV |
| SEC status effective | 2022-01-21 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 27, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Mar 25, 2024 | Fact | Form ADV |
| Business phone | Mar 27, 2026 | Fact | Form ADV | |
| Business phone | Mar 25, 2024 | Fact | Form ADV | |
| Contact page url | Oct 1, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Oct 1, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Headquarters | Mar 27, 2026 | Fact | Form ADV | |
| Headquarters | San Mateo, CA | Mar 25, 2024 | Fact | Form ADV |
| Office address | Mar 27, 2026 | Fact | Form ADV | |
| Office address | Mar 25, 2024 | Fact | Form ADV | |
| Self-described type | Venture capital | Oct 1, 2026 | Fact | |
| Self-described type | Venture capital | Sep 16, 2026 | Fact | |
| Legal form | Limited Liability Company | Mar 27, 2026 | Fact | Form ADV |
| Legal form | Limited Liability Company | Mar 25, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Private funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Private funds reported | 4 | Mar 25, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.1B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.1B | Mar 27, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $598M | Mar 25, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Mar 27, 2026 | Fact | Form ADV |
| Stated sectors | AI, enterprise software, crypto, cybersecurity “sector words on the home page” | Oct 1, 2026 | Fact | |
| Stated sectors | AI, enterprise software, crypto, cybersecurity “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Oct 1, 2026 | Fact | |
| Stated stages | early “stage words on the home page” | Sep 16, 2026 | Fact | |
| Team page | Oct 1, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Venture funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 5 | Mar 27, 2026 | Fact | Form ADV |
| Venture funds reported | 4 | Mar 25, 2024 | Fact | Form ADV |
| Website | Mar 27, 2026 | Fact | Form ADV | |
| Website | Mar 25, 2024 | Fact | Form ADV | |
| Site title | Oct 1, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $1.1B across 5 vehicles
- importance
- gav: 0.62 · funds: 0.42 · people: 0.64 · investments: 0.31 · co investors: 0.49
- active deployment
- investments 12m: 0.5 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-10-01
- emerging manager
- fund count: 5 · reported gav: $1.1B · first adv filing: 2022-01-21 · years since first filing: 4.7
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Record history
- Adviser's first ADV filing2022-01-21source 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.