Israeli VC firm raises $60m for early-stage cybersecurity companies
Cyberstarts companies raised a total of $2 billion in 2021, with a combined valuation of $20 billion
Cyberstarts, an Israel venture capital firm with a focus on cybersecurity, announced on the closing of Seed Fund III with $60 million committed capital, to invest in early stage cybersecurity companies.
Founded in 2018 by Gili Raanan, Cyberstarts is managed by Raanan and Lior Simon. In February 2022, it raised $200 million for a new opportunity fund, bringing the total assets under management to $374 million.
According to a publication in Israeli financial website “Calcalist”, Cyberstarts companies raised a total of $2 billion in 2021, with a combined valuation of $20 billion. This is quite a contribution to the $8.84 billion raised by Israeli cyber startups in total in 2022, triple the amount raised the previous year.
Cyberstarts invested in 24 Israeli cybersecurity startups since its inception. Investors and partners include some of the big names in Israeli high-tech, such as Marius Nacht (Check Point), Nir Zuk (Palo Also Networks), and Udi Modady (CyberArk).