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Venture Capital Cybersecurity

Cybersecurity VC Jumps Firms, Will Help Raise New Fund

Ken Gonzalez has left ForgePoint Capital (formerly Trident Capital Cybersecurity), a dedicated cybersecurity venture capital firm, to become partner at NightDragon Security. He will help the company raise its first significant round of outside capital fund, sources said. It’s not clear exactly how large a fund the firm is intending to raise, though similar dedicated firms have recently raised funds around $300 million.

NightDragon Security is an up-and-coming  cybersecurity firm that has been so far used to deploy around $100 million in personal capital from founder Dave DeWalt, the former CEO of McAfee and FireEye. That includes venture capital investments and startup incubator investments. It also has ties to incubators in the US and Israel, as well as boutique M&A firm Momentum Cyber (Mr. Gonzalez will also take a role at Momentum). 

Mr. DeWalt said the firm will focus on investments in emerging areas of cybersecurity, like social media, satellites, drones, and industrial Internet of Things. The new dedicated fund will likely operate as a special purpose vehicle fund, where NightDragon makes investments and then helps operate those assets. 

Mr. Gonzalez has been at ForgePoint as managing director since last summer. ForgePoint did not respond to a request for comment. 

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