Grove Ventures, a Tel Aviv, Israel-based early-stage venture capital firm, has raised $110m for its first fund.
Per an SEC filing, Grove Ventures L.P. has raised capital from 63 investors.
Led by Guy Resheff, Sigalit Klimovsky, Dov Moran, and Lotan Levkowitz, Grove Ventures focuses on Israeli startups developing technologies and solutions in the areas of IoT (Internet of Things), Cloud and Big Data. It supports startups throughout their inception and growth, providing capital, expertise, networks and a shared place for creative work.
The portfolio includes 3DSignals, Spry Health, Wiliot and Astralink.