Cyberstarts raises new US$200m fund for cybersecurity investments

[JERUSALEM] Venture capital firm Cyberstarts said on Monday that it has raised a new US$200 million fund to invest in early-stage Israeli cybersecurity companies and that it is planning a new fund this year for more seed-round investments.

Cyberstarts, which started in 2018 and is backed by Sequoia Capital and other investors, said it has invested in some nine cyber startups in its initial US$54 million seed fund and six more companies in a subsequent US$100 million seed fund.

The new "opportunity" fund would invest up to US$15 million per round in companies in its seed funds for Series A and B funding rounds, Cyberstarts founder Gili Raanan told Reuters.

REUTERS