YL Ventures, the Silicon Valley-based venture capital firm focused on the Israeli market, closing its second fund, at $27.5m.
YLV II, L.P., originally targeted at $25m, was subscribed by individuals and families with expertise in and around the Internet space.
The fund will invest in core technology Internet start-up companies. Key areas of focus will include SaaS, cloud computing, big data, cyber security, DevOps, e-commerce infrastructure and mobile technologies.Ā It will provide them with seed capital, direct relationships in Silicon Valley and Software-as-a-Service (SaaS) business building expertise. YLV II’s initial investments – often made as lead investor –Ā will typically range from $1m to $2m. Follow-on rounds will be done in syndication with other investors. The firm can also consider companies outside Israel.
Led by Yoav Andrew Leitersdorf, Co-Founder and Managing Partner, YL Ventures has invested inĀ ClickTale, Seculert, Upstream Commerce and BlazeMeter, among others (red our YL Ventures’Ā Tag). Ā Ofer Schreiber, who has been with the firm for over three years (read our recent interview with Ofer here), has been promoted to Partner.
FinSMEs
30/07/2013