YL Ventures, a Tel Aviv, Israel-and NYC- and San Francisco, CA-based early-stage, cybersecurity-focused enterprise capital agency, closed its fifth fund, at $400M.
YLV V, which brings whole capital beneath administration to $800M, will proceed the agency’s technique of supporting Israeli founders from inception by each crucial stage of constructing a category-leading firm and bolstering its place within the world market.
The fund will likely be used to each lead the seed rounds of roughly 10 startups at a tempo of three startups per yr, and to put money into the businesses’ follow-on rounds.
Led by Managing Partner Yoav Leitersdorf, Senior Partner Ofer Schreiber, Senior Partner John Brennan and newly promoted Partner (Marketing) Sharon Seemann and Partner Michael Cortez, YL additionally enhances its founders’ technological skills with a variety of crucial companies throughout each operational area of company-building. This value-add help begins as early because the founders’ ideation part and continues by market analysis and validation, entry to potential prospects and enterprise improvement, advertising and marketing, GTM, HR, finance and operations.
The agency’s help of its portfolio corporations extends past its core workforce with entry to a big cybersecurity community and a Venture Advisory Board of over 115 Chief Information Security Officers (CISOs) and senior executives. These veterans, coming from Fortune 500 corporations resembling Google, Airbnb, Microsoft, Amazon, Crowdstrike, Reddit, Intuit and General Atlantic, present portfolio corporations with buyer insights and take an energetic position in pre- and post-investment processes.
The agency’s monitor file consists of cybersecurity unicorns Axonius and Orca Security, together with a number of high-profile portfolio firm acquisitions by main companies together with Twistlock (acquired by Palo Alto Networks), Medigate (acquired by Softbank-backed Claroty), Hexadite (acquired by Microsoft) and FireLayers (acquired by Proofpoint).
The present portfolio consists of Orca Security (agentless cloud safety and compliance), Hunters (SOC platform for identification and response), Cycode (software program provide chain safety), Vulcan Cyber (cyber danger administration platform), Satori (DataSecOps platform), Grip Security (SaaS Security Management), Enso Security (Application Security Posture Management), Valence Security (SaaS-to-SaaS Supply Chain Security), Piiano (Data Privacy and Security Engineering Infrastructure), Eureka Security (Cloud Data Security Posture), Karamba Security (end-to-end safety for linked gadgets), and Ride Vision.