Grove Ventures closes second fund on USD120 million

Tel Aviv

Grove Ventures, an early-stage deep tech-focused Tel Aviv-based VC firm, has held a final close of Grove Ventures II with total commitments of USD120 million. The fund, with commitments from institutional and strategic investors, was oversubscribed.

Led by Israeli high-tech investor and entrepreneur Dov Moran, Grove Ventures backs early-stage deep technology startups developing hard-to-replicate solutions at the intersection of technology, science and applicable market needs, while creating a bridge for Israeli companies looking to penetrate European and US markets.

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