Paladin Capital Group has held the close of the Paladin Cyber Fund II at $372 million, exceeding its initial target of $250 million.
Paladin’s Cyber Fund II is a multi-stage fund focusing on cybersecurity startups that bring innovative technologies to the market.
Greenstone Equity Partners, one of the largest licensed fund placement firm in the Middle East, supported Paladin Capital Group in achieving this fund closure by raising capital from Greenstone’s network of GCC-based investors.
Cyber Fund II will focus on positioning capital across cybersecurity and online safety sectors, with an emphasis on advanced technologies that focus on protecting critical infrastructures from cyberattacks.