Ferocity Capital

Co-Founder & Managing Partner Kris Vulgan leads deal origination and investment decisions, drawing on her national-security advisory background, including work on NATO's $1 billion innovation fund. Co-Founders Tal Mozes and Steve Wurzburg serve as General Partners, with sector-specific partners — Babak Pahlavan (AI/ML), David Eagleman (Life Sciences), Jason Walker (Manufacturing), and Ofer Maor (Cybersecurity) — sourcing and evaluating opportunities within their domains.

Ferocity operates a structured sourcing model built on government and corporate procurement relationships. The firm is a member of the US Defense Investors Network and the AUKUS Investors Network, reviewing defense and cybersecurity startups at monthly invite-only meetings. Co-Founder Tal Mozes runs CyberClub London, a network of over 65 CISOs who surface cybersecurity startups. Ferocity also launched a corporate partner validation process that screens science-based startups with at least two to three potential buyers before committing capital.

Ferocity uses a five-stage validation process: (1) the team monitors corporate R&D and business development to assess new product needs; (2) screens science-based and cybersecurity startups against those needs; (3) validates product-market fit with at least two to three potential corporate partners; (4) reviews partner feedback; and (5) enters due diligence only if market interest is strong. The firm explicitly states it validates disruptive technologies with prospective customers before investing.

The firm operates as a venture capital fund making direct investments in science and cybersecurity companies, from seed through growth stages. Available evidence shows only direct portfolio positions across Funds I and II, including Vectorly (acquired by Hopin, 2021), NinjaTech AI, Genecis Bioindustries, and Jurata Thin Film. No fund-of-fund activities or SPV structures are disclosed.

Ferocity publicly states — 'No Apps. No Blockchain. No Crypto. No B2C.' — and its portfolio bears that out. The firm allocates exclusively to B2B science and cybersecurity: 40% hard engineering, 20% biotechnology, and 40% cybersecurity, with zero consumer internet, crypto, or decentralized protocol exposure.

Managing Partner Kris Vulgan advised on the creation of NATO's $1 billion innovation fund and its DIANA accelerator program from 2021 to 2022. Ferocity later designed an executive-in-residence program for the European Investment Bank, launched in Q4 2024, which gives the firm early visibility into EU27 innovation projects. The firm also participates in the US Defense Investors Network and AUKUS Investors Network.

Ferocity Capital was founded in 2018 by Kristina Vulgan (Co-Founder & Managing Partner), Tal Mozes (Co-Founder & General Partner), and Steve Wurzburg (Co-Founder & General Partner). The website lists nine total professionals, including sector partners, operators, and special advisors drawn from Caltech, General Inception, and AI startups, but does not disclose fund size or assets under management.