Venture capital fund for investments in early level Israeli startups Hetz Ventures introduced today the closing of its 2nd flagship fund, oversubscribed at $77 million. With Fund II, Hetz will have $130 million under management. Hetz closed $55 million Fund 1 in February 2018 and has since invested in 10 organisation software corporations.
Founded in 2018, Hetz Ventures makes a speciality of making an investment in Israeli seed-stage deep-tech startups in B2B organisation software program, DevOps, cybersecurity, cloud computing, and fintech. While over 90% of Fund II members are experienced global investors, it has additionally attracted funding from founders of its portfolio corporations who’ve invested returned into Hetz, along side local entrepreneurs, powering a continuous cycle of Israeli innovation.
Hetz Ventures managing partner Judah Taub said, “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. In the COVID-19-impacted business world, such technologies have become paramount. We partner with companies that fill real gaps in the market. Our extensive international network exponentially accelerates our portfolio companies’ success abroad.”
He further added- “To date, all our companies have greatly leveraged this growing network in different ways, primarily in finding international design partners and first customers. We’re excited about the opportunities this new fund will allow us to invest in. Additionally, it is an indication of confidence in our approach that so many of investors from Fund I have invested once again in Fund II, and that many of the founders we have backed previously now wanted to become investors in Fund II.”
Hetz Ventures has already invested in corporations via Fund II. With Fund I, Hetz invested in a complete of 10 corporations inclusive of Trigo, an AI and pc vision-powered company of frictionless buying experience; Granulate, an Israel-based company that optimizes infrastructure and workload overall performance in real-time; Codota, a startup growing a platform that indicates and autocompletes Python, C, HTML, Java, Scala, Kotlin, and JavaScript code; and Anima which creates high-constancy prototypes in Sketch, XD or Figma and export HTML. Hetz Ventures’ portfolio additionally consists of corporations which include Jones, MarketBeyond, DeepChecks, Infinipoint and Acumen.
