StageOne Ventures Raises $235 Million And Launches Fourth Fund

By Annie Baker ● Jan 10, 2022
  • StageOne Ventures recently announced it has completed raising $235 million towards its fourth fund. These are the details.

StageOne Ventures recently announced it has completed raising $235 million towards its fourth fund, which will operate based on a dual model: a primary fund of $150 million to focus on seed investments for early-stage startups and an additional $85 million will be used for follow-on investments in the new fund’s leading portfolio companies. This brings StageOne’s assets under management to $500 million.

This new fund is going to continue investing in Israeli companies with a technological edge at the earliest stages, developing ground-breaking products for the enterprise market. And most of the investors in the new fund are repeat investors from previous StageOne funds, including institutional and private investors from the US, Israel, Europe and Japan.

StageOne has been active for 2 decades and invested in more than 50 companies to date, including some of Israel’s most noted technology companies. And all previous funds are ranked in the top quartile of venture capital firms in the world and have consistently demonstrated superior returns compared to both global and local VC firms.

Some of StageOne’s recent exits include Epsagon (acquired by Cisco), Avanan (acquired by CheckPoint), Otonomo (listed on NASDAQ), and Apolicy (acquired by Sysdig). And StageOne was the first investor in all 4 companies and was a significant shareholder at the time of exit.

StageOne is being led by Yuval Cohen (Founder and Managing Partner), Tal Slobodkin (Managing Partner), Tal Jacobi (Partner and CFO) and Nate (Netanel) Meir, whose promotion to Partner had coincided with the launch of the fourth fund. And the investment team also includes two Principals: Nofar Schnider is a graduate of the IDF’s elite 8200 unit and is highly experienced in management of software development teams. Plus she is also a co-founder of the NuVC community for young investors. Aviad Ben-Laish is a veteran of almost a decade at Accenture Ventures and has a wealth of experience in business and innovation strategy.

KEY QUOTES:

“Given the massive Israeli technology-companies’ successes we saw in the past years, we believe that Israel will produce more global, category-leading technology companies over the next years, and we are preparing accordingly. The new fund will allow us to continue leading early-stage investments and provide entrepreneurs with their initial funding as well as any follow-on investment rounds necessary to build leading companies.”

— Founder and Managing Partner, Yuval Cohen

“The launch of our latest fund will help us build on the great momentum we experienced in past years and to continue investing in exceptional entrepreneurs. The expansion of StageOne’s investment team will allow us to provide better support to our existing portfolio companies and strengthen our ability to lead new investments.”

— Managing Partner Tal Slobodkin