Vine Ventures Closes Third Fund at $236 Million to Boost US-Israel Tech
US-Israeli venture capital fund Vine Ventures has closed its third fund at $236 million, bringing its total assets under management to over half a billion dollars.
The US-Israeli venture capital fund Vine Ventures has announced the close of its third fund at $236 million, exceeding its original target. Founded five years ago and led by 35-year-old partner Eric Reiner, a newcomer who moved to Israel in 2022, the fund now manages over half a billion dollars in total assets. Vine operates along the strategic axis between the United States and Israel, maintaining offices in San Francisco, Boston, New York, and Tel Aviv.
The fund has gained significant public attention over the past year for securing early-stage investments in prominent serial entrepreneur ventures. These include Wonderful, currently one of Israel's fastest-growing AI companies with a $500 million valuation milestone, and EON, a cloud backup firm founded by the former team of CloudEndure, which was acquired by Amazon. Additionally, Vine participated in the funding round for Ribbon, a cybersecurity firm launched by the founders of Paragon, which achieved a $1.5 billion valuation before its official incorporation.
Vine's leadership includes co-founders Eric Reiner, a former executive at Dynamic Yield and Insight Partners, and Dan Povitski, former investment manager at TA Associates. They were joined by Adam Valkin, former investment manager at General Catalyst and director at Rapyd, as well as senior advisor Gary Reiner, former CIO of General Electric and partner at General Atlantic. Other notable advisors include Michael Linton, Chairman of Snap and former CEO of Sony Entertainment, and Bob Mylod, Chairman of Booking.com.
According to PitchBook data, Vine began its investments in the US and Israel back in 2019. Its notable portfolio companies include US equity management platform Carta and French advertising technology firm Essor, alongside Israeli startups such as Qodo, Remepy, and G2. Not all investments have succeeded; the fund was an early investor in Lemonade, whose stock fell significantly following its public offering. The firm also attracted attention recently by hiring Noa Argamani as community relations manager and Idan Tendler from Palo Alto Networks as an independent venture partner.
"We do not just invest in Israel, but allocate capital along the strategic axis between it and the United States, the two most important technological environments in the world," said Eric Reiner, founder and partner at Vine Ventures. "The US provides capital, scale, and frontier technology models, while Israel builds the underlying infrastructure that makes technology function, alongside application, security, and cyber layers where we have heavily invested. Our approach is to dive deep into both markets and connect them in ways no one else can."
