Team8 closes USD500m in new VC funds
Israeli venture group Team8 announced the closing of three new funds totalling USD500 million.
Two of the three new funds are based on the venture creation model, in which the fund builds start-ups from scratch. The other USD110 million fund is based on the venture creation enterprise model for building and investing in start-ups in the cybersecurity, data infrastructure and AI sectors through collaborations with leading entrepreneurs in the field.
One of the new USD70 million venture creation funds is in the digital health sector for collaboration with entrepreneurs that can bring about significant digital transformations in the field.
The third fund, also on the venture creation model, totals USD235 million for investing in seed and Series A financing rounds in early stage start-ups in cybersecurity, enterprise infrastructures (devops, cloud, AI and big data), fintech, and digital health.
Read more in Globes.
