Greenfield Partners, a Tel Aviv, Israel-based investment firm, closed new investment funds totaling $350m.
The new capital includes Greenfield Partners Fund II, which is intended to invest across 15 startups at the early growth stages (rounds B and C), and several additional investment vehicles that will jointly enable investments of a larger quantum, as well as support Greenfield’s existing portfolio companies at later stages and for the long term.
The new funds raised bring the total assets under management of Greenfield Partners to over $500m.
Greenfield Partners was initially established in 2016 by TPG Growth. In 2020, the fund’s partners spun out into an independent fund, backed by new investors including institutional investors, entrepreneurs, and investors from Israel and across the globe.
Leading up to the spinout, Avery Schwartz, a long-time investment banker at Goldman Sachs, and Raz Mangel, previously with Barclays, joined Greenfield as Partner and Principal, respectively.
The fund now has 7 investment professionals including Managing Partners Shay Grinfeld and Yuda Doron across offices in New York and Israel.
Previous Greenfield Partners investments include Guardicore, which was sold to Akamai last year; Avanan, which was sold to Check Point last year; and unicorns VAST Data, recently valued at $3.7bn, and BigPanda, recently valued at $1.2bn. Greenfield Partners Fund II has already invested in notable companies, including: Capitolis, Coralogix, Cynet, Silverfort, Panorays, EquityBee, Mixtiles, DustPhotonics, Planck, and Quali.
The fund places a focus on enterprise software and invests also in fintech and consumer/internet, while focusing on companies at the early growth stage.
FinSMEs
24/06/2022