(Bloomberg) -- Cybersecurity venture capital firm NightDragon is preparing to launch a second investment fund in 2022 and is targeting a larger raise than its initial $750 million Growth I fund, according to people familiar with the matter.
The group has deployed about half of the Growth I fund at an average investment of $25 million to $50 million, the people said, asking not to be identified because the discussions are private.
The firm was founded by Managing Director Dave DeWalt, who formerly led McAfee Corp. and FireEye Inc., and has backed companies like HawkEye 360 and advertising fraud detectors Human.
NightDragon announced a partnership on Wednesday with French cybersecurity service integrator Exclusive Networks SA, which raised 366 million euros ($414 million) when it listed in Paris in September.
A representative for NightDragon declined to comment.
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