Key Takeaways
- • Vine Ventures closed its third fund, Fund III, at $236 million, its largest to date and above its initial target, per the firm's November 11 announcement.
- • The close lifts Vine's total assets under management to more than $500 million five years after its founding.
- • Fund III follows a $50 million first fund and a $140 million second fund, according to Calcalist, and is backed by new and returning LPs including global asset managers, family offices and senior executives of large companies.
- • About half of Fund III's capital is expected to go to Israeli companies, according to Globes.
- • Vine added a senior advisory group including Snap chairman Michael Lynton, former GE CIO Gary Reiner and Booking.com chairman Bob Mylod, and hired Adam Valkin to lead Boston investing.
Summary
Vine Ventures has closed its third fund at $236 million, its largest fund to date and above its initial target, the firm said on November 11. The fund will invest across the US-Israel technology corridor. With the close, Vine's total assets under management exceed $500 million, five years after the firm was founded.
Fund III is backed by new and returning limited partners, including global asset managers, family offices and senior executives of large companies, according to the firm. The vehicle follows a $50 million first fund and a $140 million second fund, according to Calcalist, which places Vine among the faster-scaling emerging managers in the corridor. Vine says it has sharpened its focus on Israel since its previous fund while maintaining a US footprint with offices in San Francisco, Boston, New York and Tel Aviv. Globes reported that about half of Fund III's capital is expected to go to Israeli companies.
Vine's existing portfolio includes seed-stage positions in Eon, Wonderful and Ornn, as well as Qodo, Ora and Maven Robotics. Alongside the close, the firm formed a senior advisory group that includes Snap chairman Michael Lynton, former General Electric chief information officer Gary Reiner and Booking.com chairman Bob Mylod. Vine also added Adam Valkin, formerly of General Catalyst, to lead investing from Boston, and Idan Tendler, formerly of Palo Alto Networks.
The raise stands out in a venture fundraising market where LP commitments remain selective and capital has concentrated in the largest platforms. The article attributes Vine's ability to exceed its target to early positions in breakout AI and infrastructure companies, a seed-stage track record that LPs are rewarding with larger follow-on funds.
Fund III is backed by new and returning limited partners, including global asset managers, family offices and senior executives of large companies, according to the firm. The vehicle follows a $50 million first fund and a $140 million second fund, according to Calcalist, which places Vine among the faster-scaling emerging managers in the corridor. Vine says it has sharpened its focus on Israel since its previous fund while maintaining a US footprint with offices in San Francisco, Boston, New York and Tel Aviv. Globes reported that about half of Fund III's capital is expected to go to Israeli companies.
Vine's existing portfolio includes seed-stage positions in Eon, Wonderful and Ornn, as well as Qodo, Ora and Maven Robotics. Alongside the close, the firm formed a senior advisory group that includes Snap chairman Michael Lynton, former General Electric chief information officer Gary Reiner and Booking.com chairman Bob Mylod. Vine also added Adam Valkin, formerly of General Catalyst, to lead investing from Boston, and Idan Tendler, formerly of Palo Alto Networks.
The raise stands out in a venture fundraising market where LP commitments remain selective and capital has concentrated in the largest platforms. The article attributes Vine's ability to exceed its target to early positions in breakout AI and infrastructure companies, a seed-stage track record that LPs are rewarding with larger follow-on funds.
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