10D, an Israeli venture capital firm, says it’s raised a new fund of over $110 million to make early-stage investments in startups. 10D, formerly known as Ofek Ventures, typically makes initial investments of between $1 million and $5 million and follow-up investments of up to $10 million. The venture capital firm is looking to invest in up to 15 companies with its new capital.

Already, 10D has invested in six companies including StuffThatWorks, a crowdsourced healthcare database; Seebo, an artificial intelligence company; and DayTwo, a microbiome testing company. 10D is a firm led by veterans of the venture capital industry, with a team that includes Yahal Zilka, an early investor in Waze (acquired by Google) and Onavo (acquired by Facebook); Rotem Eldar, a former partner at Gemini Israel Ventures; and Itay Rand, a former partner at Greylock and 83North.

Out of the new fund, 10D will majorly invest in Israeli startups. 

In other Israeli news, an artificial intelligence startup from the country by the name of Cnvrg just recently got acquired by computing giant Intel.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print