Cyberstarts rakes in $60m for third seed fund

This fund was raised only a few months after the firm raised $200 million for a new opportunity fund in February 2022, bringing total assets under management to $374 million.

  • Its limited partners include Shlomo Kramer of Cato Networks, Imperva and Check Point; Marius Nacht of Check Point; and Nir Zuk from Palo Alto Networks
  • Cyberstarts was founded in 2018 by Gili Raanan
  • Cyberstarts’ seed investments include Fireblocks, Wiz, Transmit, Island and Noname Security

Cyberstarts, an Israeli early-stage cybersecurity-focused venture capital firm has closed its third seed fund at $60 million.

This fund was raised only a few months after the firm raised $200 million for a new opportunity fund in February 2022, bringing total assets under management to $374 million.

Its limited partners include Shlomo Kramer of Cato Networks, Imperva and Check Point; Marius Nacht of Check Point; and Nir Zuk from Palo Alto Networks.

“Building the world’s most important cybersecurity companies requires more than capital – it requires a methodical and holistic investment model from day one by investing in the right talent and supporting them across every business function from initiation to product-market fit and beyond,” said Lior Simon, general partner of Cyberstarts, in a statement. “We take a unique approach to mentoring our portfolio companies via our Sunrise and now, Sunpeak communities. Doug brings unparalleled experience in executing go-to-market strategy and will be key to helping our portfolio accelerate business potential, while minimizing risk.”

Cyberstarts’ first fund showed a weighted annual return to investors of 300% and its portfolio companies raised a total of $2 billion in 2021, with a combined valuation of $20 billion, from firms including Sequoia, Greylock, Lightspeed, Index, Insight, Accel, General Atlantic and many more.

Founded in 2018 by Gili Raanan, and managed by Lior Simon and Gili, Cyberstarts operates a laser-focused seed line of business, nurturing cybersecurity entrepreneurs and helping to shape companies from product ideation to product-market fit and beyond. Cyberstarts funds Israeli, early stage cybersecurity organizations and is the only venture capital firm primarily funded by the industry’s most successful cybersecurity founders. Cyberstarts’ seed investments include Fireblocks, Wiz, Transmit, Island and Noname Security.