Hetz Ventures Closes $77M Fund To Invest In Israeli Deep Tech

Hetz Ventures, an Israel- and UK-based venture capital fund for early-stage investments, has closed on a $77 million fund to invest in startups and companies in the deep tech space.

Hetz was founded in 2018 by Andrew Feldman, Stuart Roden and Judah Taub and now has $130 million under management.

The firm looks to invest in seed-stage deep tech startups in B2B enterprise software, DevOps, cybersecurity, cloud computing, and fintech. Most of the contributors to the second fund are experienced international investors, but it has also attracted investments from founders of its portfolio companies, along with distinguished local entrepreneurs, Hetz Ventures said in the announcement.

With the first fund of $55 million closed in February 2018, Hetz invested in 10 companies including Trigo Vision, an AI and computer vision-powered provider of frictionless shopping experience; Granulate, an Israel-based company that optimizes infrastructure and workload performance in real-time; and Codota, a startup developing a platform that suggests and autocompletes Python, C, HTML, Java, Scala, Kotlin, and JavaScript code.

Hetz’s portfolio companies also include Israeli-founded property tech startup Jones, MarketBeyond, a Tel Aviv-based company bringing AI to e-commerce, and DeepChecks, a startup founded by data scientists to monitor the health and performance if AI systems. DeepChecks recently took part in the second cohort of the Intel Ignite accelerator.

“We founded Hetz just under three years ago with the goal of investing in companies that are building deep, defensible technologies and have disruptive business models,” said Taub, Hetz Ventures’ managing partner. “In the COVID-19-impacted business world, such technologies have become paramount. We partner with companies that fill real gaps in the market.”

“We’re excited about the opportunities this new fund will allow us to invest in,” he went on.