Recent Funding
Investors
Merlin Ventures

Merlin Ventures portfolio

Merlin Ventures has 6 portfolio companies on record at Recent Funding, with 1 investment in the last 12 months.

Website: merlin.vc.

Type: Venture capital.

Portfolio on Recent Funding: 6.

Deals, last 12 months: 1.

Capital in their rounds: $139.5M.

Latest deal: QIZ Security · Jul 9, 2026.

About this page

It is a venture capital firm based in Mclean, US, founded in 1999. Its most recent investment on record is QIZ Security's Seed round in July 2026, alongside Qbeat Ventures, Qino Cyber Capital, Singtel Innov8 and 2 others. By category, its portfolio leans toward Cybersecurity (5) and AI agents (2). It has co-invested with Lightspeed, National Grid Partners and Glilot Capital Partners, most often Lightspeed (2 rounds).

About Merlin Ventures

Firm type: Venture capital.

Headquarters: Mclean, US.

Founded: 1999.

Stages: Seed, Series A.

Sectors: AI & Machine Learning, Cybersecurity, Data & Infrastructure, SaaS.

Check size: $2M to $6M.

Portfolio companies: 6.

Exits: 1.

Rounds led: 4.

Funds raised

Fund	Fund #	Size	Announced
MMerlin Ventures	-	$75M	May 6, 2025 Ynetnews

What Merlin Ventures invests in

Cybersecurity · 5 · 83%
AI agents · 2 · 33%
Developer tools and cloud · 2 · 33%
ZK and privacy · 1 · 17%
Crypto security · 1 · 17%
Logistics and mobility · 1 · 17%

Merlin Ventures recent investments

Company	Round	Date	Alongside
QQIZ Security	Seed	Jul 9, 2026	Qbeat Ventures, Qino Cyber Capital, Singtel Innov8 +2
CClutch Security	Series A · $20M	Jan 29, 2025	The Westly Group, Lightspeed, SignalFire (lead)
CClutch Security	Seed · $8.5M	Jul 30, 2024	Armon Dadgar, Cyber Club London, Nir Polak +3
CCyolo	Series B+ · $60M	Jun 28, 2022	Glilot Capital Partners, Flint Capital, National Grid Partners (lead) +1
FFinite State	Series B+ · $30M	Aug 2, 2021	SE Ventures, Energize Capital (lead)
CCyolo	Series A · $21M	Jul 27, 2021	Glilot Capital Partners (lead), Flint Capital, Global Founders Capital +2

How Merlin Ventures invests

Stage	Deals	Capital in rounds
Series A	2 33%	$41M
Series B+	2 33%	$90M
Seed	2 33%	$8.5M

Year	Deals	Capital in rounds
2021	2 33%	$51M
2022	1 17%	$60M
2024	1 17%	$8.5M
2025	1 17%	$20M
2026	1 17%	undisclosed

Merlin Ventures portfolio companies

QQIZ SecuritySeed · Jul 2026
CClutch Security$20MSeries A · Jan 2025
CCyolo$60MSeries B+ · Jun 2022
FFinite State$30MSeries B+ · Aug 2021
TTorqbacker
NNeo Securitybacker

Company	Round with Merlin Ventures	Total raised	Latest raise
QQIZ Security ZK and privacy	Jul 9, 2026 Seed	$17M	Jul 9, 2026 Seed
CClutch Security AI agents	Jan 29, 2025 Series A · $20M	$28.5M	Jan 29, 2025 Series A
CCyolo Cybersecurity	Jun 28, 2022 Series B+ · $60M	$85.2M	Jun 28, 2022 Series B+
FFinite State Cybersecurity	Aug 2, 2021 Series B+ · $30M	$77M	Nov 10, 2026 Series B+
TTorq Cybersecurity	backer · source	$162M	Jan 12, 2026 Series B+
NNeo Security AI agents	backer	undisclosed	Jul 20, 2026 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Cybersecurity).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Merlin Ventures raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 6 rounds on Recent Funding that name Merlin Ventures. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Merlin Ventures, which is a subset of its real portfolio. API: /api/v1/investors/merlin-ventures (get a free API key). More: the most active VC firms and new venture capital funds.