Venture capital firm financing multi-stage startups and companies across the world Entree Capital announced having raised $300 million which it will be using for two new Israel-focused funds that aim to invest in early-stage Israeli startups.
Following this funding round, the company now has $1 billion funds under its management. The company says it will now be able to invest deeply in areas like Fintech, DeepTech, DevOps, foodtech and the fast rising Web 3.0 blockchain date/cloud infrastructure.
The Israel Early Stage Fund IV will offer pre-seed and seed funding to Israeli startup targeting deals of $500,000 up to $6 million.
Its Israel Early Growth Fund 2 will be focusing majorly on early-stage funding rounds including Series A and Series B funding rounds with investments of $5 million to $15 million. The company says this development will enable it to be a lead investor or participant in other deals