Israeli early-stage venture capital firm Glilot Capital Partners announced on Tuesday that it has launched its first early growth fund, Glilot+.
Glilot+, the new $170 million fund, is Glilot Capital’s fifth fund and has completed several investments already bringing total assets under management to $500 million. The fund operates in parallel to Glilot’s seed fund and is earmarked for post-Series A enterprise software and cybersecurity companies. It will lead or participate in advanced rounds, making investments of between $5 to $20 million in around 15 companies, Glilot Capital said in a statement.
Glilot Capital was established in 2011 by Managing Partners Kobi Samboursky and Arik Kleinstein, with Nofar Amikam later joining as Partner. It is the only Israeli fund that has been ranked four times by international research company Preqin as the best performing fund worldwide
Glilot+ is led by Lior Litwak, who joins Glilot as managing partner after serving as partner at M12, Microsoft’s venture fund. At M12, Litwak invested in 20 companies in Israel and abroad.
“Today, more than ever, Israeli entrepreneurs think big and look to build long-standing independent and global businesses that can dominate their industry. These entrepreneurs understand the immense value in receiving dedicated and tailored professional support during the critical stages of the company’s growth – to overcome scale challenges, overtake strong competition and lead the market. We believe that working with experienced Israeli investors with extensive presence and deep relationships in international markets can uniquely benefit startups in early growth stages,” said Litwak, “Glilot+ meets the exact needs of these startups through Glilot’s structured value creation model, community of senior advisors from leading global organizations and hands-on personal support for the entrepreneurs.”
“After a successful decade, we are expanding our activity and will now be able to support leading companies at every stage of their growth,” said Samboursky.
“The business world continues to undergo an enormous transformation driven by the expanding adoption of advanced technologies, and young Israeli startups continue to show tremendous potential. We have been very active in venture investing for many years and our experience, knowledge and relationships will also serve the companies supported by the new fund,” added Kleinstein.
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