Announcing Grove II, Our New $120M Fund
Grove ventures invests in visionary entrepreneurs developing hard-to-replicate solutions at the intersection of tech, science & market needs
We’re thrilled to announce the closing of Grove II , Grove Ventures’ $120M second fund. Grove II will help us support early-stage deep technology startups in Israel in their journeys to build extraordinary companies that reshape industries with ideas that push the world forward. Our fund size also enables us to continue and invest in follow-on rounds into our sector defining and category winning companies.
We are thankful to have assembled such a great group of investors - a strong combination of supporters from our first fund and new investors who believe in our goal to make industries smarter through deep technology innovation.
Today and every day, we’re grateful to partner with visionary entrepreneurs that are pioneering new innovations at market-leading companies across sectors. Since the firm’s inception, we’ve funded more than 15 companies, many of which have already transformed and defined many businesses across a range of industries. As the world is on the brink of a revolution that will digitalize sectors such as manufacturing, mobility and healthcare - we are pleased to see that our deep tech approach has been successful and we look forward to continuing our mission to help founders take the steps necessary to improve and shape tomorrow’s technological landscape. Grove II allows us to connect many more passionate inventors with leading global corporates, empower them to build disruptive international companies and accelerate their success.
In this next phase for Grove Ventures, we are confident that our investment thesis will continue to be proved. We believe that we have the opportunity of a lifetime in multiple industries soon to undergo revolutionary digitalization processes. We now have $230M in capital under management - an exciting moment for our team and the ecosystems we serve. We get up every morning looking for amazing entrepreneurs with new, hard-to-replicate solutions at the intersection of technology, science and market needs. The next incredible idea is always around the corner, and we will continue to work tirelessly to grow, excel and make our vision a reality.
Raising a new fund cannot be accomplished without the involvement of the entire Grove Ventures team, including finance, legal, investor relations, human capital, analytics, marketing, IT, portfolio services, the administrative group and the investment team. We couldn’t ask for a better group of people, and we would like to use this opportunity to thank our exceptional team, our venture partners and all of those in our extended ecosystem that have helped us get to this point.
It’s been a record four years for Grove. As our portfolio continues to grow and deliver strong returns, we’re eager to further expand, diversify our investment portfolio and partner with the most influential Israeli deep tech entrepreneurs in their journeys to impact global industries across sectors.
As we continue to grow, our portfolio companies’ staff continues to expand with us and are actively looking to recruit top talents. Browse our open position page here to find your next position.
To read more about the new fund, please see the Grove II announcement press release here and on our website www.grovevc.com.
