Entrée Capital, a global venture capital firm, has closed its fourth Israel-focused early-stage fund and its second Israel-focused early growth fund, the company announced Tuesday. The new funds total $300 million in new commitments, bringing Entrée Capital's total assets under management to $1 billion.
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The new funds will invest primarily in the areas of DeepTech, FinTech, SaaS, Web 3.0 (Crypto/Blockchain), Data/Cloud Infrastructure, and DevOps, as well as consumer and foodtech opportunities where the firm has built expertise. Entrée Capital Israel Early Stage Fund IV will provide pre-seed and seed funding to Israeli startups targeting deals of $500,000 to $6 million. The Israel Early Growth Fund II will focus primarily on Series A and B, with investments of $5 million to $15 million, allowing Entrée Capital to both join and lead deals.
Since 2011, Entrée Capital's Israel Funds have invested in pre-seed and seed financing rounds of successful Israeli and global startups. Over the last decade, Entrée Capital's Israel and Global Funds have realized 27 exits and IPO's, helped build 15 unicorns, and after eight years, its first Israel fund has already distributed 40x (DPI).
"With these new funds, Entrée Capital will continue its mission to 'partner with the exceptional to build the impossible," says Eran Bielski, General Partner at Entrée Capital. "I tell entrepreneurs: if you're working on something that seems too big for most people to want to stomach, you should probably talk to us."
