VC Fund Raises $480M For Cybersecurity Investment

Israeli venture capital fund Cyberstarts has raised $480 million for investment in later stage cybersecurity startups.

The Opportunity Fund allows backers to keep investing in companies already funded by Cyberstarts, which specializes in early-stage startups, as they develop and expand.

Founded in 2018, the VC has previously invested in companies such as Wiz, Fireblocks and Noname Security.

The Opportunity Fund means that Cyberstarts will invest in cybersecurity startups “not just for the seed round,” the VC’s founder Gil Raanan said, according to The Information website.

“It’s not just a financial motivation – it’s a commitment to those founders,” he said.

The fund raised its initial $200 million in 2022, CTech reported, adding the remainder this summer, primarily in August and September.