Why Startup Cyber Funding Boom Creates Execution Risks
Rain Capital's Lefort on Overcapitalization and Cybersecurity's Barbell Effect
Cybersecurity funding hit all-time highs in 2025, rivaling the 2021 boom, said Sidra Ahmed Lefort, venture partner at Rain Capital. A "barbell effect" has taken hold, with capital concentrating at the earliest and latest stages while squeezing the Series cB and C middle.
Cybersecurity funding hit all-time highs in 2025, rivaling the 2021 boom, said Sidra Ahmed Lefort, venture partner at Rain Capital. A "barbell effect" has taken hold, with capital concentrating at the earliest and latest stages while squeezing the Series cB and C middle.