Vienna, Virginia private VC investment firm Blu Venture Investors Cyber, which also uses the name Blu Ventures, just announced the closing of its first fund. The Blu Ventures Cyber Fund will focus on early-stage investment in the cyber and tech spaces to the tune of $25 million.
The fund, which a statement said will close at just under $25 million, had commitments from 95 investors, both new and old. So far, the fund has closed three transactions, totaling $2.67 million — or about 11% of the committed funds. According to Blu Ventures, these initial investments display the firm is intent on scaling and growing smaller companies navigating the tech and cyber industries.
“We’ve doubled down on our technology and cybersecurity strategy and are excited to close this fund and make the first few investments,” said Michael Sutton, a Blu Ventures partner, in a statement. “As technology takes on society’s biggest challenges, these companies stand out as leaders in providing comprehensive and innovative solutions for customers of all sizes. We’re thrilled to support them in their continued growth and success in the technology and cybersecurity space.”
READ FULL ARTICLE HERE
