Tel Aviv-based venture capital firm TLV Partners has closed its third early-stage fund at $150 million, the company announced this week.
The company has also closed a $60 million growth opportunity fund and now manages $490 million across all funds.
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The third fund, dubbed TLV Partners III is the sam size as the firm’s second fund and will continue to support “visionary Israeli entrepreneurs at the seed and Series A stages,” the company said.
The $60 million fund, called TLV Opportunity I, is dedicated to the firm’s portfolio companies, which include firms like Israeli insurtech startup Next Insurance and Israeli medical imaging software company Aidoc.
It “will enable us to support our founders deeper into their journey thus cementing us as long-term partners from the outset,” Managing Partner Shahar Tzafrir wrote.
TLV Partners was founded in 2015 by Rona Segev and Eitan Bek. The company has since backed 30 companies and over 70 founders.
An annual report by the IVC Research Center and Israeli law firm APM & Co. named TLV Partners, along with Vertex Israel the most active venture capital funds in Israel in 2018 with 11 investments each.