Glilot Capital Partners Raises $110M For 3rd Fund

Israeli fund Glilot Capital Partners, the VC firm that invests in Israeli entrepreneurs announced it has closed its third investment fund, Glilot III, at $110 million. The fund will invest in Israel early-stage startups in artificial intelligence, big data, and cybersecurity, like previous funds Glilot I and Glilot II, the company said.

Founded in 2011 by managing partners Kobi Samboursky and Arik Kleinstein, Glilot focuses on early-stage startups in the seed and Series A stages.

Glilot has invested in 20 companies, with six of its eight portfolio companies acquired by global corporations including Aorato by Microsoft; Insightera by Marketo (newly acquired by Adobe); LightCyber by Palo Alto Networks; Porticor by Intuit; BlazeMeter by CA Technologies; and Solebit just recently by Mimecast.

The fund was ranked by international research firm Prequin in 2017 as the world’s top performing VC fund.

“We strongly believe in the Israeli entrepreneur. Israeli entrepreneurs have come a long way in recent years, proving that they lead not only in technology but also in marketing and sales. We are pleased and proud that all 23 of the first entrepreneurs in whom we invested have built successful companies and been able to generate significant returns also at the personal level. We remain committed to the success of all the entrepreneurs who have chosen to work with us,” Samboursky said.