YL Ventures Raises $27.5M, Exceeding Expectation For Second Fund

Israeli VC YL Ventures GP has announced the closing of its second investment fund, YLV II. Initially, the head of the VC, Yoav Andrew Leitersdorf, initially planned on raising $25 million, but expanded it due to over subscription, closing at $27.5 million.

The company launched its first fund in 2008, raising $30 million.