TLDR:
- Team8 has raised $500 million in new funds to invest in startups in various sectors such as cybersecurity, data infrastructure, AI, fintech, and digital health.
- The funds will bring Team8’s total assets under management to over $1 billion.
Team8, a global fund focusing on the digital transformation of major sectors, has announced the closing of new funds totaling $500 million. This brings their total assets under management to well over $1 billion. Since its inception in 2014, Team8 has built 20 companies, invested in 21 others, and achieved eight exits, totaling approximately $1 billion combined. The new funds will be used to foster groundbreaking developments in high-impact sectors such as cybersecurity, data infrastructure, AI, fintech, and digital health.
Team8 operates uniquely across two models – Venture-Creation and Venture-Capital. The Venture-Creation model focuses on collaborating with leading entrepreneurs to build and invest in startups in fields like cyber, data infrastructure, AI, and digital health. The Venture-Capital model, on the other hand, invests in promising Seed and Series A rounds of startups operating across various sectors. In addition to the $500 million raised, Team8 also raised approximately $85 million in follow-on funds.
Yuval Shachar, Managing Partner and Chairman at Team8, emphasized the resilience of the Team8 model in the face of strong market headwinds and highlighted the substantial value the fund consistently delivers to its portfolio companies. Team8’s unique methodology in building and investing in companies has proven successful over the years, with the latest funds showcasing the fund’s expanding commitment to innovation in critical sectors.
