Entrée Capital Raises $125 Million Fund to Back Israeli Startups

London-based Entrée Capital raised a $125 million fund to back Israeli startups in fields such as financial technology and digital health.

The venture capital firm will invest as much as $15 million in startup funding rounds that reach as high as $70 million, said Managing Partner Aviad Eyal.

Founded in 2010, Entrée Capital manages more than $500 million and has invested in about 90 companies, including Snap Inc., Stripe Inc., Deliveroo and Monday.com.

Entrée Capital already made its first investment from the new fund, co-leading a $20 million round with Insight Partners in the Israeli construction tech startup Versatile.

©2020 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.