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Cybersecurity Startups Venture

Mnuchin鈥檚 Liberty Strategic Capital Continues Strong Push Into Cybersecurity

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Former U.S. Secretary of the Treasury new private equity firm is moving quickly into the hot sector of cybersecurity.

The firm announced Tuesday it has taken on its first majority stake in a company鈥擠allas-based 鈥攕ince launching last year. The deal is worth approximately $525 million. According to 附近上门 data, the mobile security platform raised about $72 million before striking the deal with Liberty.

, which has been an investor in Zimperium since 2017, will continue as a minority investor, according to the release.

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The deal is Liberty鈥檚 fourth in the cybersecurity space since its launch. Last month, the firm led a $250 million Series D at a $1 billion-plus valuation in New York-based . Last July, Boston-based security company raised $275 million at a reported $3.1 billion valuation in a round led by Liberty. Then in November, Los Altos, California-based closed a $150 million Series E at a greater than billion-dollar valuation, also led by Mnuchin鈥檚 new firm.

Liberty also provided a $150 million private placement commitment for 鈥攕atellite imagery company鈥擲PAC merger.

In early 2021, Mnuchin was starting his own fund with money from sovereign wealth funds in the Persian Gulf region and other investors.

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