February 24, 2016 | Israeli VC firm TLV Partners has closed a $115 million fund. Founded by Rona Segev and Ethan Bek, former partners at Pitango, TLV Partners plans to invest in enterprise software, fintech, cyber security, and IoT, and will likely select 12 companies to invest in early stage funding rounds. “More than 80% of the investments we’ve made were in the first financing round,” said Bek. “We both believe in working closely with the developers. We understand the difficulty of being an entrepreneur and starting a company.” Segev and Bek worked together for over a decade at Pitango before they established TLV Partners in July 2015 with an initial fund of $50 million. TLV Partners has already invested $4 million in cyber security start-up Scalock, which provides a security solution for virtual containers (e.g. Docker), adding visibility and control to large environments.