Sep 30, 2020   SOURCE: PR NewsWire

ForgePoint Capital Now the Most Active Sector Focused Investor in Cybersecurity in 2020

SAN FRANCISCO, Sept. 30, 2020 /PRNewswire/ -- ForgePoint Capital, with $770 million under management, has emerged as the most active sector-focused cybersecurity venture investor year-to-date according to PitchBook data. Since the beginning of the year, the firm has led investments totaling $75M in new companies, added three new investment professionals, and invested $37.8M in follow-on funding rounds.

"We've strengthened our portfolio by investing in five new companies and grown our diverse team of company builders," said Alberto Yépez, Co-Founder and Managing Director at ForgePoint Capital. "As we look ahead, we remain focused on fueling the growth of new, transformational market leaders and backing remarkable entrepreneurs in cybersecurity."

ForgePoint led new investments in:

    --  Area 1: Preemptive email security leader based in Redwood City,
        California
    --  Cloudentity: Identity aware authorization for cloud applications leader
        based in Seattle
    --  Concourse Labs: Cloud governance automation leader based in New York
        City
    --  Cysiv: Security Operations Center (SOC)-as-a-Service leader based in
        Dallas, Texas
    --  Huntress Labs: Advanced managed detection and response leader based in
        Ellicott, Maryland

ForgePoint made follow-on investments in:

    --  4IQ: Identity intelligence and attribution analysis leader based in Los
        Altos, California
    --  Anitian: Cloud-delivered security and compliance leader based in
        Portland, Oregon
    --  NowSecure: Automated mobile app security and privacy testing leader
        based in Chicago, Illinois
    --  Remediant: Privileged Access Management (PAM) leader based in San
        Francisco
    --  Reversing Labs: Threat intelligence and analysis leader based in Boston,
        Massachusetts
    --  Uptycs: Osquery-powered, scalable security analytics leader based in
        Waltham, Massachusetts

2020 New Hires
"We would like to welcome Connie Qian, Leoncio 'Leo' Casusol and Rohit Gupta to the ForgePoint team," said Yépez. "Collectively, they bring enthusiasm, passion, key relationships, and years of experience that will benefit our portfolio companies and partners."

    --  Connie Qian, Appointed Senior Associate: With a passion to build the
        next generation of companies that protect the digital world, Connie Qian
        joins ForgePoint having previously worked at Square in strategic finance
        and business operations. Qian also spent several years in equity
        research at Goldman Sachs and Baird, developing deep expertise in the
        hardware and enterprise technology sectors. She earned a BS in Applied
        Economics from Cornell University and an MBA from the University of
        Pennsylvania's Wharton School. As Senior Associate, Qian will be
        involved in all aspects of the investment process.
    --  Leo Casusol, Appointed Venture Partner: Former CIO, Cyxtera
        Technologies, Verizon Business, and Terremark Worldwide, Leoncio "Leo"
        Casusol, joins ForgePoint as Venture Partner. After joining the
        ForgePoint Advisory Board in 2019, he moved into a consulting role where
        his 20 years of technology and operational experience proved essential
        to startups navigating the challenges associated with the pandemic. As
        Venture Partner, Casusol will help portfolio companies meet rising
        demand by growing new revenue streams and increasing customer
        satisfaction in complex business and technology environments.
    --  Rohit Gupta, Appointed Senior Analyst: Former Ventures Associate at Plug
        & Play, Rohit joins ForgePoint as Senior Analyst. Rohit led early-stage
        cybersecurity & sustainability investment activities at Plug & Play
        Ventures. Before that, he spent several years in product management at
        ShieldX Networks, helping the company scale from seed to Series B. Rohit
        earned a BS in Business Administration from UC Berkeley. As Senior
        Analyst, Rohit will be supporting all aspects of the investment process.

"Instances of cyber attacks and IP theft have increased along with remote work," Yépez continues. "We're privileged to work with amazing entrepreneurs and investors on a mission to protect the digital world against increasingly sophisticated attacks that threaten national security and the global economy."

About ForgePoint Capital:
ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. With $770 million of assets under management, the firm is one of the most active investors in early and growth-stage cybersecurity startups with over 25 global investments. Based in the San Francisco Bay Area, the firm partners with exceptional cybersecurity entrepreneurs, visionaries, and leaders worldwide. Please visit www.forgepointcap.com and follow @ForgePointCap (Twitter) to learn more.

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SOURCE ForgePoint Capital