Investors / United States / Merlin Ventures
Merlin Ventures
Venture capital · Mclean, VA, United States · North America
Merlin Ventures is a venture capital firm focused on cybersecurity, supporting founders building security solutions. It operates an integrated platform that includes a CISO expert network, physical and digital labs, US government go-to-market support, curated events, and business development help for portfolio companies.
Invests inCybersecurityAI & Machine Learning
In its own wordscybersecurityaienterprise securitygo-to-marketgovernment
Your fit with Merlin Ventures
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsMerlin Ventures lists 7 checked portfolio companies on its own site and is named in 8 funding rounds, 3 of them as lead. Its most frequent entry is Seed, 57% of the companies with a known first round. Its largest themes are Cybersecurity (58%) and AI & Machine Learning (42%). 71% of its companies are based in United States. It invests most often alongside Ballistic Ventures, Bessemer Venture Partners and Evolution Equity Partners.
Counts come from funding rounds that name Merlin Ventures, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Entry stage
share of companies by the stage of its first roundMerlin Ventures does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 57% |
| Series A | 29% |
| Series B | 0% |
| Growth | 14% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 1 | 0 |
| '26 | 7 | 3 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 12th | 7 companies |
| Recent activity | 91th | 7 rounds in 12 months |
| Early stage | 74th | 57% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 88th | 58% in its largest sector |
| Reach | 42th | 2 countries |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Ballistic Ventures | 2 |
| Bessemer Venture Partners | 2 |
| Evolution Equity Partners | 2 |
| Norwest | 2 |
| 10D | 1 |
| Alumni Ventures | 1 |
| Bright Pixel Capital | 1 |
| Cerca Partners | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers7100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Cybersecurity | 58% | 4% |
| AI & Machine Learning | 42% | 18% |
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Ballistic Ventures
Compare Merlin Ventures head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Merlin Ventures| Date | Company | Stage |
|---|---|---|
| 2 Sept 2026 | Series A | |
| 9 Jul 2026 | Seed Led | |
| 30 Mar 2026 | Seed | |
| 24 Mar 2026 | Series A Led | |
| 17 Mar 2026 | Series A | |
| 12 Feb 2026 | Seed | |
| 11 Jan 2026 | Series C+ Led | |
| 16 Sept 2025 | Seed |
Round details for Merlin Ventures
Amounts, full round histories and every co-investor in Merlin Ventures' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
7 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Above.security provides AI-native insider risk workflows for detecting, investigating, and preventing threats before they escalate. | CybersecurityAI & Machine Learning | Mar 2026Series A | Funding round | |
| Cydelphi provides a platform for digital forensics and incident response using AI-native technology | Cybersecurity | Feb 2026Seed | Funding round | |
| Fabrix Security develops and provides AI-driven identity and access management solutions for companies. | CybersecurityAI & Machine Learning | Sept 2025Seed | Funding round | |
| Huskeys provides network edge security management for networks, WAFs, CDNs, and edge services | CybersecurityAI & Machine Learning | Mar 2026Seed · 2 rounds | Funding round | |
| Native operationalizes security architecture for cloud and AI infrastructure | CybersecurityAI & Machine Learning | Mar 2026Series A | Funding round | |
| QIZ Security provides a platform for managing cryptography and preparing organizations for quantum threats | Cybersecurity | Jul 2026Seed | Funding round | |
| The company provides an AI SOC platform to help security teams triage, investigate, and respond to threats faster. | CybersecurityAI & Machine Learning | Jan 2026Series C+ | Funding round |
About this data
site last read 5 Nov 2026- Site
- merlin.vc
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 16 Sept 2025
- Companies checked
- 7
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
Get Merlin Ventures' profile as data
Pull Merlin Ventures' portfolio, co-investors and changes through one API key or MCP, open every portfolio row, compare it with other firms, and get an email when it adds a company or files a fund.
Work email, sign-in link by email. Already have an account? Log in- Ask AI5 plain-English investor searches a day
- Full listsEvery portfolio row and two-firm overlap
- API and MCP100 REST or MCP calls a month, one key
- AlertsFollow 5 investors for portfolio and fund changes
$ curl -H "X-API-Key: YOUR_KEY" \
https://api.vcinfo.io/v1/firms/merlin.vc
# also
GET /v1/firms/merlin.vc/portfolio
GET /v1/firms/merlin.vc/coinvestors
GET /v1/firms/merlin.vc/news