San Francisco-based, Israel-focused VC firm YL Ventures has today announced a new $27.5 million fund for seed-stage investments in fields such as SaaS, cloud, big data, cyber security, DevOps, e-commerce infrastructure and mobile tech.
The YLV II fund will be used for $1 million to $2 million lead investments, largely in Israeli startups. However, YL Ventures will also consider companies from other companies that fit the fund’s scope. The plan is to invest in eight companies within three years.
YL Ventures’ existing portfolio includes Web analytics firm Clicktale (which recently raised $17 million in additional funding) and security company Seculert (which recently raised an extra $10 million). Today’s news coincides with the announcement that YL Ventures VC Ofer Schreiber has been promoted to Partner status.
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