# NightDragon: portfolio, investments and team

> NightDragon is a vc firm based in United States. 13 investments on record, 4 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/nightdragon (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# NightDragon

Last cheque observed Aug 2026; 13 cheques on record.

Email

VC firm Deploying now

Seed Series A Series B Cyber Security Authentication Defense

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Deploying now

**80%** of best year **4** **cheques in 12 months**, 13 on record

Since the last cheque **94** days **00** hrs **00** min **00** sec

Median round **$100M** Cheque size, as they say **$100K – $1.0M** Rounds led **3 of 13** Mostly in **United States, 85%**

Pitch NightDragon

## NightDragon highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Series B and Series C: 58% of its rounds
- 03 Led 3 rounds

## What they do

> NightDragon is the leading venture capital firm for cybersecurity, security, safety, and privacy. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $1.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Cyber Security Authentication Defense
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **13 appearances**

- **2026** 3 rounds
- **Aug** **[Horizon3](https://millionrounds.com/company/horizon3)** Series E · US · TechCrunch **$250M** *Led*
- **May** **[Armada](https://millionrounds.com/company/armada)** Series B · US · TechStartups **$230M** With 17 others
- **Apr** **[Starfish Space](https://millionrounds.com/company/starfish-space)** Series B · US · Ventureburn **$100M** With 14 others
- **2025** 5 rounds
- **Dec** **[HawkEye 360](https://millionrounds.com/company/hawkeye-360)** Series E · US · AlleyWatch **$150M** With 3 others
- **May** **Classiq** Series C · IL · TechStartups **$110M** With 13 others
- **May** **[Forterra](https://millionrounds.com/company/forterra)** Series C · US · Crescent Cove **$238M** With 11 others
- **Apr** **[Dataminr](https://millionrounds.com/company/dataminr)** Growth · US · AlleyWatch **$100M** With 1 other
- **Mar** **[Dataminr](https://millionrounds.com/company/dataminr)** US · TechCrunch **$85M** *Led*
- **2022** 1 round
- **Apr** **[Capella Space](https://millionrounds.com/company/capella-space)** Series C · US · Firms' own news pages **$97M** *Led*
- **2019** 1 round
- **Feb** **[vArmour](https://millionrounds.com/company/varmour)** Series E · US · FinSMEs **$44M** With 1 other
- **2018** 2 rounds
- **Jul** **[ObserveIT](https://millionrounds.com/company/observeit)** Series B · US · FinSMEs **$33M** With 2 others
- **Jun** **[Social SafeGuard](https://millionrounds.com/company/social-safeguard)** Series B · US · FinSMEs **$11M** With 1 other
- **2017** 1 round
- **Jul** **[Callsign](https://millionrounds.com/company/callsign)** Series A · GB · TechCrunch **$35M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

BH **Barbara Helen Massa** Chief Operating Officer i Form ADV

DD **David Dewalt** Managing Member i Form ADV

KW **Kenneth W Gonzalez** Managing Member i Form ADV

TC **Tony Chow** Chief Compliance Officer i Form ADV

We also hold **55** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$681M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Nightdragon Management Company, LLC
- **SEC number:** CRD 310767

## The cheque

Seed Series A Series B

Median round joined **$100M** the round, not its cheque

Led 3 of 13 rounds **23%**

- **Said size:** $100K – $1.0M
- **Sole investor:** Never alone
- **Last cheque:** Aug 2026

Rounds by stage said on their site

- Series B said *4*
- Series C *3*
- Series E *3*
- Growth said *1*
- Series A said *1*
- Seed said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [AllegisCyber](https://millionrounds.com/fund/allegiscyber) 2
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 2
- [HSBC](https://millionrounds.com/fund/hsbc) 2
- [Shield Capital](https://millionrounds.com/fund/shield-capital) 2

**Pitching NightDragon?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as NightDragon. A count of rooms they were both in, not a relationship either has claimed.

[**AllegisCyber** VC firm **2** rounds together](https://millionrounds.com/fund/allegiscyber)[**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**HSBC** Growth equity **2** rounds together](https://millionrounds.com/fund/hsbc)[**Shield Capital** VC firm **2** rounds together](https://millionrounds.com/fund/shield-capital)

## Recently backed

The latest companies NightDragon put money into.

[**Horizon3** $250M · Aug 2026](https://millionrounds.com/company/horizon3)[**Armada** $230M · May 2026](https://millionrounds.com/company/armada)[**Starfish Space** $100M · Apr 2026](https://millionrounds.com/company/starfish-space)[**HawkEye 360** $150M · Dec 2025](https://millionrounds.com/company/hawkeye-360)[**Forterra** $238M · May 2025](https://millionrounds.com/company/forterra)[**Dataminr** $100M · Apr 2025](https://millionrounds.com/company/dataminr)

## Quick answers about NightDragon

### What does NightDragon invest in?

NightDragon invests most often at Series B and Series C (58% of the rounds on record), in sectors such as Cyber Security, Authentication and Defense.

### How active is NightDragon?

13 investments on record, 4 of them in the last 12 months, and it led 3. The most recent was in Aug 2026.

### What has NightDragon invested in recently?

Its most recent investments on record: Horizon3 (Series E, Aug 2026), Armada (Series B, May 2026) and Starfish Space (Series B, Apr 2026).

### How big are NightDragon's cheques?

The median round it joins is $100M. It says it writes cheques of $100K to $1.0M.

### Does NightDragon lead rounds?

Yes: it led 3 of its 13 investments on record (23%).

### Where does NightDragon invest?

Most of the companies it backs are in the United States (85%), Israel (8%) and the United Kingdom (8%).

### Is NightDragon investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does NightDragon invest alongside?

Most often AllegisCyber (2 rounds together), Alumni Ventures (2 rounds together) and HSBC (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=nightdragon) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=nightdragon)