Cyberstarts, a Jerusalem, Israel-based venture capital firm focused on building next generation cyber companies, closed Cyberstarts Seed Fund III, at $60m.
This fund brings total assets under management to $374m.
In addition, Cyberstarts announced the appointment of Doug Merritt, former President and CEO of Splunk, to chair Sunpeak, its new go-to-market (GTM) advisory board. Sunpeak will provide Cyberstarts’ portfolio companies with hands-on guidance from technology leaders on scaling GTM strategy and creating repeatable sales cycles to ensure early success.
Since its inception in 2018, Cyberstarts has been focused on funding, launching and supporting early stage cybersecurity companies and entrepreneurs. With its entrepreneur-backed model, Cyberstarts’ investors and limited partners (LPs) are comprised of the industry’s most prominent leaders including Shlomo Kramer of Cato Networks, Imperva and Check Point, Marius Nacht of Check Point, Nir Zuk from Palo Alto Networks, Udi Mokady from CyberArk, Nir Polak of Exabeam and Michael Shaulov of Fireblocks to name a few. These investors provide strategic counsel to portfolio companies and entrepreneurs from guidance on product-market fit to talent recruitment and everything in between.
Cyberstarts is managed by Lior Simon and Gili Raanan. The team also includes Jason Clark, chair of the CISO advisory board, Curtis Simpson, who heads the product-market fit activities with portfolio companies, and now Doug Merritt, chair of the GTM advisory board.
FinSMEs
24/08/2022