# Enterprise Security Syndicate

Enterprise Security Syndicate is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Assets under management:** Undisclosed
- **Website:** angel.co/syndicates/enterprise-security-syndicate

## Regulatory record

- **Reports private funds:** No

## About

Enterprise Security Syndicate is a San Francisco-based syndicate that invests in enterprise security deals. The syndicate focuses on SaaS companies with predictable, recurring revenue and high annual contract values (ACVs). The partners have invested in enterprise security startups for years, bringing expertise in software infrastructure and security to their investments.

## Sectors

- Cybersecurity
- Enterprise Software
- AI/ML
- Cloud Infrastructure

## People

- Ed Roman — Managing Director
- Matt Bigge — Advisor

## Questions

### How does Enterprise Security Syndicate source its deal flow?

Deal flow comes primarily through Ed Roman's network as Managing Director of Hack VC and Matt Bigge's role as Venture Partner at Crosslink Capital. The syndicate benefits from a pipeline of enterprise security startups that emerge from these two ecosystems, often co-investing alongside Crosslink Capital and Talis Capital. The focus is narrowly on startups building security products for the modern enterprise stack.

### Is Enterprise Security Syndicate a fund or an investment vehicle on AngelList?

The syndicate operates as a rolling fund on AngelList, allowing accredited investors to subscribe on a quarterly basis rather than committing to a traditional closed-end fund. This structure provides ongoing capital deployment and lower minimum commitments. Ed Roman manages the syndicate alongside his role at Hack VC.

### What investment stages does the syndicate typically target?

The syndicate focuses on early-stage rounds, primarily seed and Series A, for startups in enterprise security, data protection, and cloud infrastructure. It does not target later-stage growth rounds or public markets. The early-stage mandate aligns with the sourcing strengths of Roman's network.

### Who co-invests alongside Enterprise Security Syndicate?

Frequent co-investors include Crosslink Capital, where advisor Matt Bigge serves as Venture Partner, and London-based Talis Capital. Hack VC, also managed by Ed Roman, often participates in the same rounds, creating a concentrated capital formation around syndicate portfolio companies.

### How is Enterprise Security Syndicate related to Hack VC?

Ed Roman manages both Enterprise Security Syndicate on AngelList and Hack VC, a broader venture capital firm. Hack VC frequently co-invests in the syndicate's deals, and the syndicate leverages Hack VC's due-diligence infrastructure and deal flow. The two entities operate in parallel but with different LP bases.

## Related profiles

- [Ensys Capital](https://altss.com/profile/ensys-capital)
- [Enterprising Rongye Capital](https://altss.com/profile/enterprising-rongye-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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