StageOne Ventures, a Tel Aviv, Israel-based early stage venture capital firm focusing on Israel-related technology startups, closed its third fund, with $110m in committed capital.
Stage One Venture Capital Fund III, L.P., is backed primarily by existing LPs, with the addition of several prominent investors from Israel, USA, and Europe.
Led by Yuval Cohen, Yoav Samet, and Tal Slobodkin, with presence both in Tel Aviv and in Palo Alto, StageOne Ventures focuses on deep-technology endeavors in B2B software and next-generation information technology infrastructure partnering with entrepreneurs who seek to harness transformative innovation to lead categories in enterprise software, cyber security, fintech, communication, and the future of transportation.
StageOne III will aim to invest in 15-18 companies, focusing on seed and series A rounds, with a typical initial investment size in the range between $500k and $3m.
Beyond capital, the firm leverages wide global networks, multinational operational experience, and presence in both Israel and the Silicon Valley to try to turn the fund’s portfolio companies into global successes.
Venture capital funds managed by StageOne Ventures have invested in more than 30 companies to date.
The new fund follows StageOne II, a 2014 vintage fund, that currently boasts fourteen portfolio companies, including, Avanan, Capitali.se, DBmaestro, Minerva, Otonomo, and SafeDK, which have already raised significant subsequent rounds of financing from global investors.
StageOne’s first fund (StageOne I) has been fully invested, and had six exits including, among others, Guardium (acquired by IBM), Traffix (acquired by F5 Networks), and Octalica (acquired by Broadcom).