Tel Aviv, Israel- and Evanston, IL-based LionBird Venture Capital held the first close of its second fund at $25,5m.
According to a regulatory form filed with the SEC, LionBird II, L.P.’s offering has been subscribed by 26 investors. The fund has a final target of $50m.
Led by Ed Michael, and Chaim Friedman, Itschak Friedman, Yuval Ariav, Jonathan Friedman, LionBird provides early-stage capital and operational know-how to teams re-imagining traditional offline industries via the use of online technologies. Investing themes include enterprise solutions for SMEs, digital aided healthcare, tech solutions for wellness, digitizing enterprise workflows and software for genetic engineering.
The portfolio is comprised of 19 companies including Bento, Staffly, PhysIQ, Kitcheck, Fundbox, Genome Compiler, CartCrunch, etc.