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Israeli tech firm funding fund Greenfield Companions has introduced the ultimate closing of latest funds totaling $350 million. The brand new funds embrace Greenfield Companions Fund II, for funding in 15 early development startups (rounds B and C), and several other extra funding autos that can collectively allow investments of bigger quantities and assist Greenfield’s present portfolio corporations at later levels and for the long run. The brand new funds raised deliver the entire belongings beneath administration by Greenfield Companions to over $500 million.
Greenfield Companions was based in 2016 by TPG Progress. In 2020, the fund’s companions arrange an impartial fund, backed by new traders together with institutional traders, entrepreneurs, and traders from Israel and overseas. Avery Schwartz, a veteran funding banker at Goldman Sachs, and Raz Mangel, beforehand with Barclays, joined Greenfield as companion and principal, respectively. Greenfield presently has a workforce of seven funding professionals in New York and Israel.
Earlier Greenfield Companions investments embrace Guardicore, which was bought to Akamai final 12 months; Avanan, which was bought to Test Level final 12 months; and unicorns VAST Information, lately valued at $3.7 billion, and BigPanda, lately valued at $1.2 billion. Greenfield Companions Fund II has already invested in Capitolis, Coralogix, Cynet, Silverfort, Panorays, EquityBee, Mixtiles, DustPhotonics, Planck, and Quali.
The fund stresses enterprise software program and in addition invests in fintech and client/web, whereas specializing in early stage development corporations. Greenfield’s worth comes from supporting founders and their corporations of their transition from being primarily R&D targeted, to worldwide enlargement and constructing worldwide advertising and gross sales operations. Greenfield’s workforce, and its world community of advisors, is comprised of a various set of former founders, senior administration in main expertise corporations, and monetary specialists with expertise in banking and investments.
Greenfield managing companion Shay Grinfeld mentioned, “We’re at a interval when the market is inserting better emphasis on wholesome unit economics, which is the place our experience lies, after a number of years the place we noticed traders rewarding development in any respect prices. We spend money on corporations after years through which the businesses’ administration was targeted on R&D, product-market-fit, and preliminary build-out of its gross sales perform. On the early-growth levels the place we enter, new challenges emerge and we now have the experience and the instruments to work with founders to make sure they handle them within the optimum manner.”
Greenfield managing companion Yuda Doron mentioned, “On this interval of market volatility, we’re grateful for our capability to proceed to assist Israeli entrepreneurs and promote innovation via our new funds. We see the place the corporate must be a couple of years down the street and work carefully with them on constructing their gross sales organizations, recruiting executives, opening worldwide workplaces, bettering KPIs, and growing scalable inside processes, which collectively arrange our portfolio corporations up for long-term success. We’ve been lively within the Israeli expertise ecosystem for a few years and thank a number of the world’s main funding managers who’ve chosen to companion with us and consider within the Israeli expertise market.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on June 16, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
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