StageOne Ventures, a Tel Aviv, Israel-based venture capital firm, completed its fourth fund, at $235m.
Most of the investors in the new fund are repeat investors from previous StageOne funds, including institutional and private investors from the US, Israel, Europe and Japan.
The fund will operate based on a dual model:
- a primary fund of $150m to focus on seed investments for early-stage startups, and, in parallel,
- an additional $85m will be used for follow-on investments in the new fund’s leading portfolio companies.
This brings StageOne’s assets under management to $500M.
This new fund will continue investing in Israeli companies with a technological edge at the earliest stages, developing ground-breaking products for the enterprise market.
Led by Yuval Cohen (Founder and Managing Partner), Tal Slobodkin (Managing Partner), Tal Jacobi (Partner and CFO) and Nate (Netanel) Meir, whose promotion to Partner coincided with the launch of the fourth fund, StageOne Ventures has been investing in entrepreneurs in Israel and abroad for over two decades, helping them build companies from the idea stage, all the way to exit. The fund focuses on early-stage ventures with innovative technologies that solve complex challenges for the enterprise and B2B markets. The vast majority of investments are made at seed-stage during the companies’ formation, and include an allocation of significant reserves for follow-on investments.
StageOne has been active for two decades and has invested in over 50 companies to date, including some of Israel’s most noted technology companies. All previous funds are ranked in the top quartile of venture capital firms in the world and have consistently demonstrated superior returns compared to both global and local VC firms.
Some recent exits include Epsagon, acquired by Cisco, Avanan, acquired by CheckPoint, Otonomo, which was listed on NASADQ and Apolicy, acquired by Sysdig.
The investment team also includes two Principals: Nofar Schnider is a graduate of the IDF’s elite 8200 unit and is highly experienced in management of software development teams. She is also a co-founder of the NuVC community for young investors. Aviad Ben-Laish, who joined recently, is a veteran of almost a decade at Accenture Ventures and has a wealth of experience in business and innovation strategy.
FinSMEs
04/01/2021