ForgePoint Capital holds final closing of second fund

The California venture capital firm raised $450 million for its cybersecurity fund.

Fund name: ForgePoint Cybersecurity Fund II
Amount raised: $450 million
Target size: $400 million
Stage of fundraising: Final close
Final close date: February 2020

ForgePoint Capital has raised $450 million for ForgePoint Cybersecurity Fund II, exceeding its $400 million target. The firm will use committed capital to invest in early-stage cybersecurity companies throughout the United States within the privacy, infrastructure protection, cyber intelligence and security services industries.