Venture Capital firm StageOne Ventures has completed raising USD235 million towards its fourth fund, which will operate based on a dual model: a primary fund of USD150 million to focus on seed investments for early-stage startups, and in parallel an additional USD85 million will be used for follow-on investments in the new fund’s leading portfolio companies.
This brings StageOne’s assets under management to USD500 million.
The new fund will continue investing in Israeli companies with a technological edge at the earliest stages, developing ground-breaking products for the enterprise market. Most of the investors in the new fund are repeat investors from previous StageOne funds, including institutional and private investors from the US, Israel, Europe and Japan.
