Vine Ventures Raises $236 Million, Half for Israeli Companies
Translated & summarized from NEWSru Israel by baba
Venture capital firm Vine Ventures announced it has raised $236 million for its third fund, with about half designated for Israeli companies. The fund will invest in early and growth-stage tech companies in the US, Israel, and Europe. This brings Vine's total assets under management to over $500 million. The firm also added new members to its advisory board and investment team.
The story in 5 lines · by baba
- Vine Ventures raised $236 million for its third fund, exceeding its initial goal.
- About half of the new fund's capital will be invested in Israeli companies.
- The fund will target early and growth-stage companies in AI, cybersecurity, and fintech.
- Vine Ventures now manages over $500 million in assets.
- The firm added prominent tech executives to its advisory board.
Venture capital firm Vine Ventures has successfully raised $236 million for its third fund, exceeding its initial target and surpassing the amounts raised for previous funds. This brings the total assets under management for Vine, founded five years ago, to over $500 million. The fundraising round saw participation from both new and existing investors, including executives from major global corporations, international investment managers, and family offices.
Approximately half of the new fund's capital is earmarked for investment in Israeli companies. The fund will focus on early-stage and growth-stage companies across enterprise software, AI infrastructure, cybersecurity, and fintech sectors, with investments planned in the United States, Israel, and Europe.
Vine's second fund holds significant stakes in companies such as Eon, Wonderful, and Ornn, with a substantial portion of its value derived from Israeli businesses. The firm has also established an advisory board comprising Michael Lynton, Chairman of Snap; Gary Reiner, former CIO of General Electric; and Bob Mylod, Chairman of Booking.com.
Additionally, the fund has expanded its investment team with the addition of Adam Walkin, formerly of General Catalyst, and Idan Tendler, who previously worked at Palo Alto Networks.
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