TLDR:
Team8 has raised $500 million in new funds, bringing their total assets under management to over $1 billion. Since 2014, they have built 20 companies, invested in 21, and achieved 8 exits. The latest funds will support the creation and growth of over 30 startups in cybersecurity, fintech, data infrastructure, AI, and digital health.
Article Summary:
Team8, an Israeli fund, has closed new funds totaling $500 million, surpassing $1 billion in assets under management. The company was established in 2014 with a focus on innovating traditional venture capital by providing more operational support. They have built 20 companies, invested in 21, and achieved 8 successful exits. The latest funds will support the creation and growth of over 30 startups in fields such as cybersecurity, fintech, data infrastructure, AI, and digital health.
Team8 operates through two models: Venture-Creation and Venture-Capital, offering a wide range of support to entrepreneurs. They have a network called ‘Team8 Village’ that connects startups with global partners, as well as a team of over 80 company builders providing operational support. The company has raised funds in three different categories, focusing on cyber, data infrastructure & AI, and digital health startups.
Despite challenges in the global economic and tech market, Team8 has shown resilience and continues to deliver significant value to its portfolio companies. The funds raised will help in creating new companies, scaling existing ones, and expanding their reach in various sectors. This milestone represents the success of Team8’s unique methodology in building and investing in companies.
