TLDR:
- Investment firm Team8 raises $500 million, bringing total assets to over $1 billion
- Team8’s unique venture creation model focuses on cybersecurity and has expanded into data, AI, fintech, and digital health
Investment firm Team8 has raised $500 million in new funds, bringing its total assets under management (AUM) to over $1 billion. The Tel Aviv and New York-based company focuses on two areas: venture creation and venture capital. Team8 has built 20 companies, invested in a further 21 companies, and achieved eight exits. The firm has expanded beyond cybersecurity into data, AI, fintech, and digital health, utilizing a unique venture creation model that identifies commercial problems and builds and invests in companies to address them. The $500 million will be divided between three separate funds. Team8’s focus on cybersecurity remains strong, leveraging Israel’s society, where military cyber intelligence agencies serve as a school for entrepreneurs. The company’s success is attributed to its ability to understand current cybersecurity problems, match them with technical expertise, and provide initial funds and expert advice to grow new companies towards profitable exit.
