Cyberstarts Closes $360 Million Funding for Two New Cybersecurity Funds
Israeli venture capital firm Cyberstarts has successfully raised $360 million across two new funds, featuring a $300 million vehicle for Cyera and a $60 million seed fund.
Israeli venture capital firm Cyberstarts has closed a $360 million capital raise across two distinct new funds, reinforcing its prominent position in early-stage cybersecurity investments. The fundraising comprises a specialized $300 million vehicle dedicated to backing the Israeli cybersecurity company Cyera, alongside a $60 million fifth seed fund.
The $300 million vehicle operates as a Special Purpose Vehicle (SPV), enabling private angel investors from the cybersecurity sector to pool capital for a single strategic investment in Cyera. This structure streamlines the startup's capitalization table by consolidating numerous smaller contributors into a single legal entity, simplifying future governance and voting procedures. Meanwhile, the $60 million seed fund mirrors the size of the firm's four previous early-stage funds, relying entirely on capital sourced from technology entrepreneurs and industry veterans.
Established in 2018 by Gili Raanan, Cyberstarts is managed alongside partners Lior Simon, Hila Zigman, and Dor Kanfo, with operational support from Adam Ahronus and Pete Cronis. The firm currently manages approximately $1.5 billion in assets, boasting a prestigious portfolio that features prominent industry giants such as Wiz, Fireblocks, Island, and Upwind, which collectively account for over half of the private global cybersecurity market's total valuation.
