# Paladin Capital Group: portfolio, investments and team

> Paladin Capital Group is a vc firm based in United States. 141 investments on record, 11 in the last 12 months, latest Oct 2026.

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

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

# Paladin Capital Group

Last cheque observed Oct 2026; 141 cheques on record.

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Deploying now New fund $372M, Jun 2022 VC firm

Buyout Growth Pre-seed AI Cyber Deep_tech

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Deploying now

**92%** of best year **11** **cheques in 12 months**, 141 on record

Since the last cheque **10** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **10 of 141** Sole investor **14 rounds** Exits **14 from the portfolio** Mostly in **United States, 68%**

Pitch Paladin Capital Group

## Paladin Capital Group highlights

- 01 11 cheques in the last 12 months
- 02 Mostly Series A and Series B: 45% of its rounds
- 03 Sole investor in 14 rounds, median $7.3M
- 04 14 exits from the portfolio

## What they do

> Paladin is a leading global investor that supports and grows the world’s most innovative AI, cyber and deep tech companies From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Buyout Growth Pre-seed Seed Series A Series B
- **Sectors:** AI Cyber Deep_tech
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **141 appearances**

- **2026** 9 rounds
- **Oct** **[QuestorAI](https://millionrounds.com/company/questorai)** Seed · US · Paladin Capital Group **$3.0M** *Led*
- **Sept** **MIND** Series B · US · Ventureburn **$72M** With 4 others
- **Sept** **[Treble](https://millionrounds.com/company/treble)** Series A · IS · ArcticStartup **$18M** *Led*
- **Sept** **[Partillion Bioscience](https://millionrounds.com/company/partillion-bioscience)** Grant · US **$2.1M** With 3 others
- **Jul** **[Ursa Space Systems](https://millionrounds.com/company/ursa-space-systems)** Venture · US **$28M** With 2 others
- **Jun** **[Arpio](https://millionrounds.com/company/arpio)** Series A · US **$8.2M** With 3 others
- **Feb** **[RADICL Defense](https://millionrounds.com/company/radicl-defense)** Series A · US **$31M** With 2 others
- **Feb** **[Stanhope AI](https://millionrounds.com/company/stanhope-ai)** Seed · GB **$8.2M** With 3 others
- **Jan** **[Dam Secure](https://millionrounds.com/company/dam-secure)** Seed · AU · Startup Daily **$4.1M** *Led*
- **2025** 9 rounds
- **Dec** **[SandboxAQ](https://millionrounds.com/company/sandboxaq)** Venture · US **Undisclosed** With 3 others
- **Nov** **[Hermes Biosciences](https://millionrounds.com/company/hermes-biosciences)** Seed · US **$6.0M** With 1 other
- **Sept** **[Mimica Automation](https://millionrounds.com/company/mimica-automation)** Series B · GB **$26M** With 3 others
- **Aug** **[Ursa Space Systems](https://millionrounds.com/company/ursa-space-systems)** Venture · US **Undisclosed** With 2 others
- **Jun** **[Circumvent](https://millionrounds.com/company/circumvent)** Seed · AU · TechStartups **$6.0M** *Led*
- **Jun** **MIND** Series A · US **$30M** With 2 others
- **Apr** **[Constructive Bio](https://millionrounds.com/company/constructive-bio)** Venture · GB **Undisclosed** With 2 others
- **Apr** **[Insane Cyber](https://millionrounds.com/company/insane-cyber)** Venture · US **Undisclosed** With 1 other
- **Apr** **[CalypsoAI](https://millionrounds.com/company/calypsoai)** Venture · US **$5.0M** With 3 others
- **2024** 9 rounds
- **Nov** **[Embed Security](https://millionrounds.com/company/embed-security)** Seed · US **$6.0M** Sole investor
- **Oct** **[Human Security](https://millionrounds.com/company/human-security)** Venture · US **$50M** With 3 others
- **Oct** **[Aralez Bio](https://millionrounds.com/company/aralez-bio)** Series A · US **$12M** With 1 other
- **Oct** **[Fixify](https://millionrounds.com/company/fixify)** Series A · US **$25M** With 2 others
- **Oct** **[Zerve AI](https://millionrounds.com/company/zerve-ai)** Seed · IE **$7.6M** With 2 others
- **Sept** **[Constructive Bio](https://millionrounds.com/company/constructive-bio)** Series A · GB · Ahren Innovation Capital **$58M** *Led*
- **Jun** **[Semperis](https://millionrounds.com/company/semperis)** Debt · US **$125M** With 4 others
- **Mar** **[Steadybit](https://millionrounds.com/company/steadybit)** Series A · DE **$6.0M** With 1 other
- **Jan** **[Adventr](https://millionrounds.com/company/adventr)** Seed · US **$8.0M** With 3 others
- **2023** 10 rounds
- **Dec** **[Turngate](https://millionrounds.com/company/turngate)** Seed · US **$5.0M** Sole investor
- **Oct** **[Unitary](https://millionrounds.com/company/unitary)** Series A · GB **$15M** With 3 others
- **Sept** **[Partillion Bioscience](https://millionrounds.com/company/partillion-bioscience)** Seed · US **$5.0M** With 3 others
- **Aug** **[Hushmesh](https://millionrounds.com/company/hushmesh)** Venture · US **$5.2M** Sole investor
- **Aug** **[Steg AI](https://millionrounds.com/company/steg-ai)** Seed · US **$5.0M** With 1 other
- **Jul** **[Secure Code Warrior](https://millionrounds.com/company/secure-code-warrior)** Series C · AU **$50M** With 4 others
- **Apr** **[Decentriq](https://millionrounds.com/company/decentriq)** Grant · CH **$2.5M** With 3 others
- **Mar** **[RangeForce](https://millionrounds.com/company/rangeforce)** Series B · US **$20M** With 4 others
- **Jan** **[Hack The Box](https://millionrounds.com/company/hack-the-box)** Series B · GB **$55M** With 1 other
- **Jan** **[Inscripta](https://millionrounds.com/company/inscripta)** Venture · US **$4.4M** With 3 others
- **2022** 10 rounds
- **Dec** **[Firetail](https://millionrounds.com/company/firetail)** Seed · US **$5.0M** Sole investor
- **Dec** **[Nisos](https://millionrounds.com/company/nisos)** Series A · US **$1.6M** With 1 other
- **Oct** **[Expel](https://millionrounds.com/company/expel)** Series E · US **$31M** With 4 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**

CE **Christopher Elliot Steed** Chief Investment Officer/Managing Director i Form ADV

EA **Edward Albrigo** Chief Operating Officer i Form ADV

MA **Mark Andrew Maloney** Chief Compliance Officer i Form ADV

MR **Michael Robert Steed** Managing Partner/President i Form ADV

We also hold **47** 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

**$1.3B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** Paladin Capital Management, LLC
- **SEC number:** CRD 122679

Funds on its Form ADV

**22** private funds, **$1.1B** in gross assets · filed Mar 2024

- Paladin Cyber Fund II, L.P. *Private equity* 96 investors $234M
- Paladin Cyber Co-Invest Fund, LLC *Private equity* 113 investors $190M
- Paladin Cyber Fund II (Cayman Islands), L.P. *Private equity* 23 investors $101M
- Paladin European Cyber Fund, SCSP-SIF *Private equity* 7 investors $78M
- Paladin Cyber Fund (Cayman Islands), L.P. *Private equity* 13 investors $73M
- Paladin Cyber Fund II (Jersey), L.P. *Private equity* 20 investors $72M
- E Street Investments, LLC *Private equity* 2 investors $57M
- Paladin III, L.P. *Private equity* 11 investors $49M
- Paladin Cyber Co-Invest Fund II, LLC *Private equity* 50 investors $47M
- Paladin Cyber Fund II (A), L.P. *Private equity* 39 investors $47M

And 12 more on the filing.

## Exits from the portfolio

Companies it backed that were later bought or listed **14 in all**

**[Perspecsys](https://millionrounds.com/company/perspecsys)** Bought by Blue Coat Systems **Undisclosed** Jul 2015

**[Neohapsis](https://millionrounds.com/company/neohapsis)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Dec 2014

**[Fixmo](https://millionrounds.com/company/fixmo)** Bought by [Good Technology](https://millionrounds.com/fund/good-technology) **Undisclosed** Jun 2014

**[Application Security](https://millionrounds.com/company/application-security)** Bought by Trustwave Holdings **Undisclosed** Nov 2013

**[Arxan Technologies](https://millionrounds.com/company/arxan-technologies)** Bought by [TA Associates](https://millionrounds.com/fund/ta-associates) **$132M** Sept 2013

**[Luminus Devices](https://millionrounds.com/company/luminus-devices)** Bought by Lightera **$22M** Jun 2013

**[QuantaLife](https://millionrounds.com/company/quantalife)** Bought by Bio-Rad Laboratories **$162M** Oct 2011

**[Crossbow Technologies](https://millionrounds.com/company/crossbow-technologies)** Bought by [Moog](https://millionrounds.com/fund/moog) **$32M** Jun 2011

**[Initiate Systems](https://millionrounds.com/company/initiate-systems)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Feb 2010

**[CloudShield Technologies](https://millionrounds.com/company/cloudshield-technologies)** Bought by Science Applications International Corporation (SAIC) **Undisclosed** Jan 2010

**[Orchestria Corporation](https://millionrounds.com/company/orchestria-corporation)** Bought by [CA Technologies](https://millionrounds.com/fund/ca-technologies) **Undisclosed** Jan 2009

**[CounterStorm](https://millionrounds.com/company/counterstorm)** Bought by Trusted Computer Solutions **Undisclosed** Sept 2008

**[VistaScape](https://millionrounds.com/company/vistascape)** Bought by [Siemens](https://millionrounds.com/fund/siemens) **Undisclosed** Oct 2006

**[SafeView](https://millionrounds.com/company/safeview)** Bought by [L-3 Communications](https://millionrounds.com/fund/l-3-communications) **Undisclosed** Mar 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$372M**

raised in Jun 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Buyout Growth Pre-seed

Median round joined **$15M** the round, not its cheque Alone, median **$7.3M**

Led 10 of 141 rounds **7%**

- **Sole investor:** 14 rounds
- **Last cheque:** Oct 2026
- **Exits:** 14 from the portfolio

Rounds by stage said on their site

- Series A said *29*
- Series B said *28*
- Venture *27*
- Seed said *16*
- Series C *14*
- Series D *12*
- Buyout said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Novak Biddle Venture Partners](https://millionrounds.com/fund/novak-biddle-venture-partners) 6
- [Vertical Venture Partners](https://millionrounds.com/fund/vertical-venture-partners) 6
- [Cisco Investments](https://millionrounds.com/fund/cisco-investments) 5
- [Foresite Capital](https://millionrounds.com/fund/forsite-capital) 5
- [Google Ventures](https://millionrounds.com/fund/gv) 5
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 5

**Pitching Paladin Capital Group?** 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 Paladin Capital Group. A count of rooms they were both in, not a relationship either has claimed.

[**Novak Biddle Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/novak-biddle-venture-partners)[**Vertical Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/vertical-venture-partners)[**Cisco Investments** Corporate VC **5** rounds together](https://millionrounds.com/fund/cisco-investments)[**Foresite Capital** Private equity **5** rounds together](https://millionrounds.com/fund/forsite-capital)[**Google Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/gv)[**Intel Capital** Corporate VC **5** rounds together](https://millionrounds.com/fund/intel-capital)[**New Enterprise Associates** VC firm **5** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**OVP Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/ovp-venture-partners)[**Sigma Partners** VC firm **5** rounds together](https://millionrounds.com/fund/sigma-partners)[**Venrock** VC firm **5** rounds together](https://millionrounds.com/fund/venrock)[**Columbia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/columbia-capital)[**Fidelity** VC firm **4** rounds together](https://millionrounds.com/fund/fidelity)

## Recently backed

The latest companies Paladin Capital Group put money into.

[**Partillion Bioscience** $2.1M · Sept 2026](https://millionrounds.com/company/partillion-bioscience)[**Ursa Space Systems** $28M · Jul 2026](https://millionrounds.com/company/ursa-space-systems)[**Arpio** $8.2M · Jun 2026](https://millionrounds.com/company/arpio)[**Stanhope AI** $8.2M · Feb 2026](https://millionrounds.com/company/stanhope-ai)[**Dam Secure** $4.1M · Jan 2026](https://millionrounds.com/company/dam-secure)[**Hermes Biosciences** $6.0M · Nov 2025](https://millionrounds.com/company/hermes-biosciences)

## Quick answers about Paladin Capital Group

### What does Paladin Capital Group invest in?

Paladin Capital Group invests most often at Series A and Series B (45% of the rounds on record), in sectors such as AI, Cyber and Deep_tech.

### How active is Paladin Capital Group?

141 investments on record, 11 of them in the last 12 months, and it led 10. The most recent was in Oct 2026.

### What has Paladin Capital Group invested in recently?

Its most recent investments on record: QuestorAI (Seed, Oct 2026), MIND (Series B, Sept 2026) and Treble (Series A, Sept 2026).

### How big are Paladin Capital Group's cheques?

The median round it joins is $15M.

### Does Paladin Capital Group lead rounds?

Sometimes: it led 10 of its 141 investments on record (7%).

### Where does Paladin Capital Group invest?

Most of the companies it backs are in the United States (68%), the United Kingdom (15%) and Australia (8%).

### Is Paladin Capital Group investing now?

Yes: it is actively investing, with 11 investments in the last 12 months.

### Who does Paladin Capital Group invest alongside?

Most often Novak Biddle Venture Partners (6 rounds together), Vertical Venture Partners (6 rounds together) and Cisco Investments (5 rounds together).

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