Lavrock Ventures closes first $25M fund to back cybersecurity startups: report - Technical.ly DC

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Mar. 5, 2018 9:18 am

Lavrock Ventures closes first $25M fund to back cybersecurity startups: report

Lavrock Ventures was founded in 2016.

(Photo by Flickr user perspecsys.com, used under a Creative Commons license)

A D.C.–area venture capital firm closed a $25 million fund to back cybersecurity startups, according to a report in VentureBeat.

Lavrock Ventures, which is based in McLean, Va., first appeared on local radars in 2016. The firm is led by managing partner Jim Hunt, and general partners Daniel Hanks and Steve Smoot.

According to the VentureBeat report, the firm is looking to invest in companies developing solutions at the intersection of enterprise software, cybersecurity and national security. The firm is investing between $1-3 million in Series A rounds, with the potential to write larger checks through “sidecar vehicles.” It’s already backed Annapolis-based SixGen and New York–based Graphika.

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