TLV Partners Raises $320M To Invest In Early-Stage Entrepreneurs

Israeli venture capital firm TLV Partners has closed $320 million of funding to invest in innovative early-stage Israeli startups, the company announced this week.

The amount includes the Tel Aviv-based company’s fourth fund – TLV Partners IV – at $220 million, which is a continuation of its strategy from the previous three funds to back Israeli entrepreneurs from seed, Series A, and onward. In addition, to TLV Partners IV, the company also announced a $100 million opportunity fund, known as TLV Opportunity II, for the company’s current portfolio companies and their founders.

In 2016, the company’s first round of funding raised some $110 million. In 2018, its second fund raised $150 million, an amount matched in the third fund in 2020. Added to that third fund was a $60 million growth fund for existing founders. Following the announcement of the new funds, TLV Partners has taken its total assets under management to some $825 million.

The company, which entrepreneurs and venture capitalists Rona Segev and Eitan Bek established in 2015, has backed more than 45 firms and over 100 founders, including property management software platform Guesty, machine learning platform Aporia and construction industry AI solution Buildots, which automatically tracks the day-to-day progress at a construction site.

One of the company’s managing partners, Shahar Tzafrir, formerly with Magma Venture Partners wrote in a blog post, “Six years after raising our first fund and two years after raising our third fund, we are happy to announce that we have raised our fourth fund, TLV Partners IV. Our fourth fund is $220m, and we are setting out to continue our strategy from the previous three funds: backing visionary Israeli entrepreneurs from the Seed, A, and onward stages.”

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.