Team8, an Israel-based venture capital firm, has secured $500 million from a group of investors, including Microsoft, Walmart, Cisco, Moody’s and Temasek, for three new funds that will invest in local tech startups. Team8 said that the funds will focus on sectors such as cyber, data infrastructure, artificial intelligence and digital health, and that it will support more than 30 startups with its expertise and network.
Team8 was founded in 2014 by a team of former Israeli intelligence officers, who wanted to leverage their experience and skills to create and nurture innovative tech startups. Team8’s model is to identify big problems and market opportunities, and then to build and back startups that can solve them.
Team8 has two main divisions: Team8 Platform and Team8 Capital. Team8 Platform is the company-building arm, which provides the startups with access to talent, research, design, marketing, and business development. Team8 Capital is the investment arm, which provides the startups with funding, mentorship, and connections to global partners and customers.
Team8’s vision is to create a leading tech ecosystem in Israel, and to bridge the gap between the local and the global markets. Team8 said that it aims to help Israeli tech startups to scale and succeed, and to create positive impact for the world.
Team8’s portfolio and achievements
Team8 has built and invested in more than 20 tech startups, which operate in various domains, such as cybersecurity, data science, fintech, and healthcare. Some of the notable startups in Team8’s portfolio are:
- Claroty, a cybersecurity company that protects industrial control systems and critical infrastructure from cyberattacks.
- Sygnia, a cybersecurity company that provides incident response and threat intelligence services to organizations.
- Duality, a data science company that enables secure collaboration and analysis on encrypted data.
- Fabric, a fintech company that offers a platform for e-commerce fulfillment and delivery.
- Curv, a fintech company that provides a cloud-based service for securing and managing digital assets.
- Medisafe, a healthcare company that helps patients manage their medications and chronic conditions.
Team8’s portfolio companies have raised more than $1.5 billion in total funding, and have achieved several exits and acquisitions. For example, Sygnia was acquired by Temasek in 2018, and Curv was acquired by PayPal in 2021.
Team8’s new funds and partners
Team8 announced that it has raised $500 million for three new funds and follow-on funding, which brings its total assets under management to more than $1 billion. The new funds are:
- Team8 Enterprise, which will invest in seed rounds for cyber, data infrastructure, AI and digital health startups.
- Team8 Fintech, which will invest in seed rounds for fintech startups.
- Team8 Impact, which will invest in seed and Series A rounds for tech startups that address social and environmental challenges.
Team8 also said that it has secured strategic partnerships with some of the world’s leading corporations and institutions, such as Microsoft, Walmart, Cisco, Moody’s and Temasek. These partners will provide the startups with access to markets, customers, and resources, and will also collaborate with Team8 on innovation and research projects.
Team8’s managing partner and chairman, Yuval Shachar, said that the new funds and partners will enable Team8 to support more Israeli tech startups, and to create more value and impact for the tech industry and the society.
