Symbol, a Tel Aviv, Israel-based newly formed venture capital firm, closed its debut fund, at $50m.
Limited Partners include a vast network of VCs, entrepreneurs, and family offices from the US and Europe including LionBird.
The vehicle invests between $500k to $3.5M in the first funding round of Israeli entrepreneurs, regardless of location, who are building pre-consensus companies. As a sector-agnostic fund, Symbol focuses on B2B, consumer, and enterprise tech startups.
Symbol’s founder and Managing Partner is Yuval Ariav, an accomplished entrepreneur part of the founding team of Onavo (acquired by Meta in 2013 for $200 million) and co-founder and first CTO of the fintech scale-up Fundbox. After leaving Fundbox, Ariav joined LionBird as a General Partner, leading investments in companies such as Assured Allies and Fundguard. As an angel investor, Ariav participated in the first funding round of chip-software unicorn Next Silicon, where he serves as a board member, and in the seed round of procurement automation startup Approve, which was acquired by Tipalty two years after inception. He also serves as an adj. professor at Columbia Business School since 2018, working directly with young people aspiring to build the next great innovation.
FinSMEs
08/09/2023