Entrée Capital, the global venture capital fund, announced today (Tuesday) the closing of a fourth Israel-focused early-stage corporate fund and an early-growth corporate fund, its second in Israel. Existing fund raisers total $300 million in new liabilities, bringing the total assets under management of Entrée Capital to $1 billion.
The new funds will invest primarily in the areas of DeepTech, FinTech, SaaS, Web 3.0 (Crypto/Blockchain), Data/Cloud Infrastructure, and DevOps, as well as consumer opportunities and food technology in which the fund specializes. Entrée Capital Israel Early Stage IV Fund IV will provide seed funding and seed funding to Israeli startups, in transactions ranging from $500,000 to $6 million. The Israel Early Growth Fund II will focus primarily on rounds A and B, with investments ranging from $5 to $15 million, which will allow Entrée Capital to join and lead the deals.
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Entrée also announced that team member Adi Gozs has been promoted to partner at Entrée Funds Israel. Gozs began his career serving in Intelligence Unit 8200 of the Israel Defense Forces, followed by a BA. in Computer Science and an MBA from Tel Aviv University. In her professional past, Gozs worked as a product manager and later as a co-founder of a startup company, when four years ago she moved into the world of venture capital.
Since 2011, Entrée Capital has invested Israeli money in seed and seed rounds for Israeli and global startups. Over the past decade, Entrée Capital’s Israeli and global funds have enabled 27 exits and offerings, helping build 15 unicorns, with their initial investment 40 times more in 8 years.
“Belief in people who want to change the world is in our DNA, and as serial entrepreneurs we know the importance of taking first steps with founders who change the world. With companies like monday.com, Riskified, Breezometer, Classiq and others we are proud and lucky to invest starting pre- Incorporation, to provide initial capital and support, and then track early investments in multiple rounds as companies grow, adds Avi Eyal, founder and partner at Entrée Capital.
“Entrée’s global footprint in the companies we have invested in, such as Cazoo, Glovo, Gusto, Coupang, Stripe and more, is a key advantage we provide to Israeli startups,” says Ran Ahituv, a partner at Entrée Capital. “We have extensive global contacts and a unique perspective, allowing us to look from the outside in. We are proud to be one of the only Israeli funds investing in both the Israeli and global markets.”
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