Cybersecurity VC Stephen Ward launches $250 million Brightmind Partners fund

Cybersecurity VC Stephen Ward launches $250 million Brightmind Partners fund

Stephen Ward, co-founder of the two-year-old cybersecurity fund Brightmind Partners in New York, is preparing to launch a second investment fund valued at approximately $250 million. Ward, who previously served as a Secret Service agent and as the Chief Information Security Officer for Home Depot, brings significant operational experience to the venture capital space. As a fiduciary, Ward notes that while every portfolio company is expected to aim for an IPO, the primary focus remains on rigorous due diligence and exit scenarios. The new fund will continue the firm's strategy of investing in cybersecurity companies with strong growth potential.