Israeli VC Cyberstarts Raises $360 Million for Two New Funds
Translated & summarized from Calcalist by baba
Israeli venture capital firm Cyberstarts has raised $360 million for two new funds, focusing on early-stage cybersecurity investments. A $300 million fund will invest in Israeli company Cyera, while a $60 million seed fund continues the firm's strategy. The capital comes from industry entrepreneurs and investors. Cyberstarts manages $1.5 billion and has a strong portfolio of cybersecurity giants.
The story in 5 lines · by baba
- Cyberstarts raised $360 million for two new cybersecurity investment funds.
- A $300 million fund will invest in Israeli company Cyera's $800 million funding round.
- The firm's fifth seed fund raised approximately $60 million.
- Investors include entrepreneurs and private individuals from the cybersecurity industry.
- Cyberstarts manages $1.5 billion and has a portfolio of major cybersecurity firms.
Israeli venture capital firm Cyberstarts has successfully raised $360 million across two new funds, focusing on early-stage cybersecurity investments. The first fund, a dedicated $300 million Special Purpose Vehicle (SPV), is earmarked for investment in Israeli cybersecurity company Cyera as part of its estimated $800 million funding round at a $20 billion valuation. The second is Cyberstarts' fifth seed fund, totaling approximately $60 million, consistent with its previous four seed funds.
The capital for these funds was primarily sourced from entrepreneurs and private investors, many from within the cybersecurity industry. The SPV structure, commonly used in venture capital, allows smaller investors to pool resources for a single, significant investment in a specific company, simplifying the startup's cap table and administrative processes.
Founded in 2018 by Gili Raanan, Cyberstarts is managed by partners Lior Simon, Hila Zigman, and Dor Kenaf, alongside operational partners Adam Aarons and Pete Cronis. The firm is recognized as a leading global player in its field, boasting a portfolio of prominent cybersecurity companies including Wiz, Upwind, Fireblocks, Cyera, and Island. Cyberstarts currently manages $1.5 billion in assets, with its portfolio companies representing over half of the private cybersecurity market's valuation.
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