Hetz Ventures, a Tel Aviv, Israel-based venture capital firm for early-stage investments, closed its second flagship fund, at $77m.
While over 90% of Fund II contributors are experienced international investors, it has also received investment from founders of its portfolio companies who have invested back into Hetz, along with distinguished local entrepreneurs.
Founded in 2018 by Lord (Andrew) Feldman, Stuart Roden and Judah Taub, Hetz Ventures invests in the seed-stage of Israeli deep-tech startups in B2B enterprise software, DevOps, cybersecurity, cloud computing, and fintech.
With Fund II, Hetz will manage over $130M total.
The firm closed Fund I of $55m in February 2018 and, leveraging its deep network of Israeli entrepreneurs and international enterprises, has since invested in 10 companies including Trigo, Granulate, Codota, Anima, Jones, MarketBeyond, DeepChecks, Infinipoint and Acumen.
The firm has already invested in two companies through Fund II.