Hetz Ventures closes $77M second fund

As reported by Globes, Israeli venture capital firm Hetz Ventures has secured $77 million for its second fund, bringing total managed capital to over $130 million. As the firm claims, over 90% of attracted capital came from international investors and founders of Hetz Ventures portfolio companies. 

“We’re excited about the opportunities this new fund will allow us to invest in. Additionally, it is an indication of confidence in our approach that so many of investors from Fund I have invested once again in Fund II, and that many of the founders we have backed previously now wanted to become investors in Fund II,” says Hetz Ventures managing partner Judah Taub.

Hetz Ventures was founded in 2018 and has offices in Tel Aviv and London. The firm specializes in investing in early-stage deep-tech startups in B2B enterprise software, DevOps, cybersecurity, cloud computing, and fintech. 

Hetz Ventures has already made two investments through its second fund. Fund I was closed in February 2018 with $55 million capital and it has invested in 10 startups since then.