Entry stageSeed, Series A, Series B
Check size$500K to $30M
Leads roundsMostly follows
FocusCybersecurity
Latest fundn/a
Investing team4 peopleNo activity since Sep
Who you would pitch at Merlin Ventures
4 people on the investing team, 4 of them partners who can make the call. Partners are listed first.
David PhelpsFounder and Managing Partner
Seth SpergelManaging PartnerHe has a technical background in software development and engineering leadership.
Shay MichelManaging PartnerHe has over 14 years of experience building companies and raising capital.
Almog GolodPartnerHe was promoted to this role after serving as a team member for several years.
Work here and something is wrong? Ask for a correction.
Writes $500K to $30M checks. Its smallest check is larger than 71% of firms in the atlas.
Bars: how many firms in the atlas report each band. Highlighted: this firm.No recent activity since September 2026. Quiet does not mean closed.
Weekly count of activity updates. Activity is not a confirmed deal.Notable investments
TorqWickrDig SecuritySwimlane
In their words
Merlin Ventures — Venture Capital for CybersecurityMerlin Ventures partners with ambitious founders building the next generation of AI-native cybersecurity companies.merlin.vc
Send Mode VC your deck
Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.
Send your deckAlert me when Merlin Ventures is active
One email when this firm shows new activity. Nothing else.
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Questions
What stage does Merlin Ventures invest in?
Merlin Ventures reports entry at seed, series a, series b.
How much does Merlin Ventures invest?
Merlin Ventures reports checks of $500K to $30M.
Does Merlin Ventures lead rounds?
Merlin Ventures mostly follows other investors.
Who are the partners at Merlin Ventures?
David Phelps (Founder and Managing Partner), Seth Spergel (Managing Partner), Shay Michel (Managing Partner), Almog Golod (Partner).
Is Merlin Ventures active right now?
No recent activity since September 2026.
Work at Merlin Ventures? Claim or correct this profile.