US Cyber Fund Raises $75M, Plans Investment In Israeli Startups

A new $75 million fund established by a US venture capital firm to invest in early-stage cyber startups intends to channel a significant proportion to Israeli companies. 

The fund was originally set up by SYN Ventures managing partners Jay Leek and Patrick Heim in 2021. They were later joined by Tel Aviv-based venture partner and director of SYN’s Israel operations Marcio Lempert. 

SYN has previously invested in numerous Israeli cyber companies, including Talon Cyber ​​Security, Refine Intelligence and Mitiga. 

“The launch of the fund, part of whose strategy is investment in Israeli companies, at this time of war, is a sign of support and trust of the fund managers in the Israeli high tech in general and in the cyber startups in particular,” said Lempert. 

“SYN Ventures is the largest US-based cyber-focused seed fund that is also active in Israel and will now also invest in the local seed stage companies while cooperating with the local Israeli funds. 

“We intend to identify the companies that develop the best technologies for the most significant problems in the field from the start, invest and grow together with them and, above all, leverage our connections in order to enable fast product market fit.”