SAN MATEO, Calif., March 4, 2019 /PRNewswire/ -- ForgePoint Capital, a leading venture capital firm exclusively investing in innovative cybersecurity companies, today announced the promotion of Andrew McClure to Principal.
"This promotion reflects Andrew's significant contributions to our firm and portfolio," said J. Alberto Yépez, Co-Founder and Managing Director. "Andrew brings incredible intellect, commitment and insights to the investing team as we work with entrepreneurs to build leading cybersecurity companies. At ForgePoint, we are committed to promoting from within as we build one of the most experienced investment teams in cybersecurity."
"Andrew has dedicated his professional life to defending the nation – first as a US Marine Intelligence officer and now also as an investor in early stage cybersecurity companies," said Co-Founder and Managing Director Don Dixon. "Through professional excellence and mission focus, he continues to succeed. Congratulations on your promotion to Principal at ForgePoint Capital!"
ForgePoint Capital is one of the most prolific investors in cybersecurity, with fifteen investments in Fund I. The team brings decades of operating and investing experience and draws upon a trusted network of relationships across the industry to support entrepreneurs who are building great companies.
"The opportunity to work with so many talented industry stakeholders, entrepreneurs, technologists, and security executives has been incredibly rewarding," McClure said. "In today's connected world, cybersecurity is national security. What we're doing at ForgePoint is nothing less than helping to build a more secure and resilient tomorrow."
Andrew currently represents ForgePoint as a board observer at two cybersecurity companies: CyberCube Analytics and BehavioSec. He was also a board observer at Prevoty, an application security company that was acquired by Imperva in 2018.
"Andrew has been an incredible partner over the past year on everything from big picture strategy to support with tactical execution," said Pascal Millaire, CEO of CyberCube, a leading provider of cyber risk analytics for the insurance industry. "He has been a support on issues as diverse as data strategy, partner introductions, sales support, market intelligence, recruitment, financing strategy and the list goes on. Andrew is a great example of the value that ForgePoint provides."
Neil Costigan, CEO at leading behavioral biometrics company BehavioSec, also agrees: "As we built the team in North America, Andrew's network, guidance and support was invaluable. His hands-on approach and attention to detail as we completed our strategic planning made all the difference in our success to date."
About ForgePoint Capital
ForgePoint Capital is a $300 million fund that invests exclusively in cybersecurity companies. The firm brings deep industry expertise and a strong network of relationships. ForgePoint's 55-person Cybersecurity Advisory Council includes industry CEOs, security entrepreneurs, senior information security executives, and former government security leaders. Portfolio companies include 4iQ, Anitian, Appthority (acquired by Symantec), Attivo, Bayshore Networks, BehavioSec, Bishop Fox, CyberCube, ID Experts, IronNet Cybersecurity, LoginRadius, Prevoty (acquired by Imperva), ReversingLabs, Trusted Key, and Uptycs. ForgePoint's principals have been investing in cybersecurity since 1998 and have made 40 cybersecurity investments, with 24 exits to date.
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SOURCE ForgePoint Capital