The 10D venture capital fund, led by Yahel Zilka raised over $ 110 million
Posted on Nov 7, 2020 by Ifi Reporter - Dan Bielski
The 10D venture capital fund, led by Yahel Zilka, Ratam Eldar and Itai Rand, announced the raising of a fund of over $ 110 million.
The fund, which has so far operated under the name of Horizon Ventures, focuses mainly on investments in the Seed and A stages of companies that disrupt the markets in which they operate (Disrupt). Using deep technology, new business models and exceptional capabilities of their entrepreneurial teams.
Zilka and Eldar are experienced and well-known investors in the venture capital industry. Zilka has over 20 years of experience during which he served as an investor, consultant, and board member of companies: Waze, Argus, Onavo, Replay Technologies, DesignArt Networks, Phonetic Systems, Magisto, Indegy and OptimalPlus acquired by Google, Continental, Facebook, Intel , Qualcomm, Nuance, IAC, and others.
Eldar has over 20 years of experience in building technology companies, of which about 10 years as an investor. As a partner in the Gemini Investment Fund, he has served as a board member and observer at Moovit acquired by Intel, WalkMe, Implisit acquired by Salesfoce.com and MinuteMedia.
"Innovation in the world of technology changes its face every few years," says Zilka. "Therefore, we chose not to define fixed areas of focus for the fund's investments. We understand that we must listen to the ideas and directions that entrepreneurs present and know how to identify future trends early so we can study them in depth, and develop the strategic connections needed to make informed investment decisions. . " Zilka is known in the industry for its help to entrepreneurs and the creation of great value in supporting the building of new categories and leading companies, and entrepreneurs with whom he worked seek his investment and involvement in the next companies they establish.
As part of realizing their vision to build an organization with a long-term horizon that works in collaboration, empowerment and completion, the two turned to adding to the team experienced investors with a young and new spirit. Itai Rand joined the team while bringing from his experience in the venture capital funds 83North and Founders Group, as well as rich operational and business experience, both as a consultant at the international consulting firm The Boston Consulting Group (BCG) and as CEO of a technology company. Of the fund is expected to continue to grow in the coming year.
Since its launch, 10D has already made 6 investments in various technological ventures. Its portfolio companies include Seebo, which develops artificial intelligence technologies for industrial plants. StuffThatWorks, which produces a new medical database based on crowdsourcing. DayTwo, which provides personalized dietary guidelines according to the composition of intestinal bacteria for the purpose of lowering blood sugar, and other additional investments.
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