Blu Ventures is an early-stage venture capital firm based in Vienna, Virginia, built by former operators and focused primarily on cybersecurity, with additional focus on AI, healthtech, and defense. The firm backs founders from inception through scale and manages a dedicated $25 million Cyber Fund alongside other investment vehicles.
Their most common stage is seed (48% of deals). Average disclosed round size is $8.9M (across 27 rounds with reported amounts).
Portfolio
23
Fund Size
$25M
Top Stage
Seed
Last 12 Mo
3
Team
HS
Hal Shelton
Partner
KN
Kim Nguyen
Partner
JM
Josh Miller
Senior Vice President
RM
Rajiv Mehta
Senior Associate
EA
Eric Adler
Investment Committee
BE
Brian Ellenberger
VC
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
27 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 IntelliGRC | Seed | $3.5M | Mar 2026 |
 Procurement Sciences | Series B | $30M | Nov 2025 |
 Returnalyze | Series A | $6M | Sep 2025 |
 Trially | Seed | $4.7M | Sep 2025 |
 EVE Security | Seed | $3M | Sep 2025 |
| TThreatMate | Seed | $3.2M | Jan 2025 |
| Procurement Sciences | Series B | $30M | Jan 2025 |
 Grey Market Labs | Series A | $8M | Nov 2024 |
| Procurement Sciences | Series A | $10M | Aug 2024 |
 Tamnoon | Seed | $12M | Apr 2023 |
 Sprockets | Series A | $10M | Mar 2022 |
 Strados Labs | Seed | $4.5M | Jan 2022 |
 TCARE Inc. | Series A | $17M | Jan 2022 |
 HAAS Alert | Seed | $5M | Aug 2021 |
| LLucata | Series B | $11.9M | Jul 2021 |
| LLucata | Series B | $11.9M | Jan 2021 |
 Talkatoo | Unknown | $700K | Oct 2019 |
| MMachfu | Series A | $1.6M | Aug 2017 |
| CCitelighter | Seed | $1.5M | Jan 2014 |
| UUppidy | Seed | $600K | Mar 2013 |
| LLeakSignal | Seed | $1.6M | — |
 CommSafe AI | Unknown | $1.5M | — |
 Zeeve | Seed | $2.6M | — |
 Enveedo | Seed | $3.1M | — |
| HHPA Backs AI-Native DFIR Platform Revolutionizing Catastrophic Breach Recovery | Seed | $3M | — |
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Top Co-Investors
Battery Ventures3 shared
Tower Research Ventures3 shared
Gaingels2 shared
TFX Capital2 shared
Service Provider Capital2 shared
Robert Bosch Venture Capital2 shared
Catalyst Investors2 shared
Citi Ventures2 shared
Blume Ventures2 shared
Mindset Ventures2 shared
Bright Pixel Capital2 shared
Inner Loop Capital2 shared
Elron Ventures2 shared
Secret Chord Ventures2 shared
cultivate(MD)1 shared
SOSV1 shared
Wavemaker Three-Sixty Health1 shared
Band of Angels1 shared
Looking Glass Capital1 shared
The Council1 shared
Last updated: 20 October 2026