Tel Aviv/Ramat Gan, 2022 file: Ynhockey / Wikimedia (CC BY-SA 4.0, cropped)
Vine Ventures has closed its third fund at $236 million, its largest to date, and expects roughly half of the new capital to be invested in Israeli companies.
The U.S.-Israeli venture capital firm said the fund exceeded its initial fundraising target and brought total assets under management to more than $500 million, five years after the firm was founded.
The allocation to Israel is an investment expectation for the new fund, rather than a statement that half of the money has already been deployed. Vine describes its strategy as investing across the U.S. and Israeli technology markets.
The fund follows a $50 million first fund and a $140 million second fund. Its existing portfolio includes Eon, Wonderful, Qodo, Ora and Maven Robotics.
Founding partner Eric Reiner said the firm seeks companies with global ambitions from their earliest stages. Vine typically invests before larger venture capital firms or alongside them, while maintaining an investment mandate spanning both the United States and Israel.
The firm has offices in San Francisco, Boston, New York and Tel Aviv. The new fund includes both returning and new investors, including global asset managers, family offices and corporate chief executives.
The fund closing was announced Wednesday. The planned Israeli allocation continues a strategy that has made Israeli companies a substantial part of the value of Vine’s second fund.
Company source: Vine Ventures’ Fund III announcement.
JBizNews Desk | Tel Aviv
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