Fundraising Fox

Merlin Ventures

Venture capital

Mclean · Seed–Series A · 9 people tracked

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Investment thesis

Merlin Ventures positions itself as more than a capital provider, aiming to be a hands-on platform for cybersecurity founders. It backs exceptional entrepreneurs building next-generation cybersecurity solutions, leveraging deep domain expertise, a network of hundreds of CISOs, and go-to-market capabilities to accelerate enterprise sales and open doors that other investors cannot. The firm emphasizes strategic partnership over merely writing checks, hosting exclusive gatherings of CISOs, AI-native founders, and innovators to spark cybersecurity innovation.

Invests inAI & Machine LearningCybersecurityData & InfrastructureSaaSIsraelMcleanUnited StatesVienna

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Series A
Check
$2M – $6M
HQ
Mclean, Virginia, US
Instruments
Equity
Founded
1999
AUM
$75M
VC funds
3
Tracked investments
6

Team · 9 people

from the firm's website & public directories
David Bloom· Managing Director EMEA
Ilan Dray· Chief Experience Officer
Jason Cenamor· Chief Revenue Officer
Karl Mattson· Chief Information Officer
Lior Suchard· Head of Product
Nina Vasquez· Director of Partnerships
Stephen McCarney· VP of Engineering

What they invest in

from 2 of 6 portfolio companies

Cybersecurity ×2AI & Machine Learning ×1Defense Tech ×1Enterprise Software ×1IoT ×1SaaS ×1

Investments · 6 tracked

founders shown can be your intro path
Cybereason
Cyolocyolo.ioin𝕏

Cyolo provides a secure connectivity platform combining secure remote privileged access and Zero Trust microsegmentation for industrial environments.

CybersecurityDefense TechIoT

Orca Security
Oxeye Security

Cloud-native application security testing solution

Talon Cyber Securitytalon-sec.comin𝕏

Talon develops enterprise browser solutions that provide security controls and threat detection for organizations with remote and hybrid workforces.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaS

Torq Security

Frequently asked questions

What stage does Merlin Ventures invest at?
Merlin Ventures invests at the Seed, Series A stages.
What is Merlin Ventures's typical check size?
Merlin Ventures typically writes checks of $2M – $6M.
What sectors does Merlin Ventures focus on?
Merlin Ventures focuses on AI & Machine Learning, Cybersecurity, Data & Infrastructure, SaaS.
Where is Merlin Ventures located?
Merlin Ventures is headquartered in Mclean, US.

Media · Podcasts & interviews

featuring the team

Merlin Ventures Managing Partner Seth Spergel, Live at RSAC 2025

IPO Edge · Seth Spergel

Seth Spergel, Managing Partner, Merlin Ventures – More Than Money: Standing out in Venture Capit...

ICR · Seth Spergel

Working with Early Stage Technology Companies with Merlin Ventures | Seth Spergel | CPP

ShortArm Solutions and The Cyber Pro Podcast · Seth Spergel

Merlin Ventures with Seth Spergel #cybersecurity #podcast #shorts

CyberBytes: The Podcast · Seth Spergel

Ep613: Shay Michel | General Partner, Merlin Ventures, Managing Partner, toDay Ventures

The Matias Experiment · Shay Michel

Images

Merlin Ventures photo

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