NightDragon

NightDragon is a prominent investment and advisory firm headquartered in San Francisco, California, specializing in the cybersecurity, safety, security, and privacy sectors. Co-founded by cybersecurity veteran Dave DeWalt, the firm distinguishes itself by not only providing capital but also offering deep operational expertise and strategic guidance to its portfolio companies. Their approach is highly hands-on, leveraging a vast network of industry leaders and former executives to accelerate growth and market penetration for their investments.

The firm primarily targets growth and late-stage companies, often engaging in Series B, C, and later rounds. NightDragon seeks out businesses with proven technologies, established revenue streams, and a clear path to market leadership. Beyond capital infusion, their value proposition includes assisting companies with go-to-market strategies, talent acquisition, and M&A opportunities, effectively acting as an extension of the portfolio company's leadership team. This operational focus is a key differentiator in the competitive venture capital landscape.

NightDragon has successfully raised significant capital to support its investment thesis. In 2020, they closed their NightDragon Growth Fund I with $210 million in commitments, followed by the close of NightDragon Fund II in 2022, which secured $300 million. These funds enable NightDragon to deploy substantial capital into promising companies. Typical initial check sizes for NightDragon range from approximately $10 million to $50 million, reflecting their focus on providing meaningful growth capital to mature startups.

Overall, NightDragon has established itself as a leading investor in the critical cybersecurity and related technology domains. Their combination of substantial financial backing, deep industry knowledge, and active operational support makes them a strategic partner for companies aiming for significant scale and impact in these vital sectors. Their track record and specialized focus position them as a key player for entrepreneurs seeking more than just capital.