venture capital fund 10D announces the raising of 245 million dollars for two funds

 The venture capital fund 10D announces the raising of 245 million dollars for two funds - the main fund to invest in early-stage companies and another fund that will invest in selected companies in more advanced stages. The capital was raised from existing investors of 10D as well as from a number of leading institutional bodies in Israel and around the world. The fundraising was led by the 10D partner team: Yahal Zylka, Rotem Elder and Ithi Rand, three investors who have invested in dozens of companies, including Waze, Drivenets, WalkMe, Moovit, Appsflyer, Valens, Argus, Aidoc and others.
The main fund was closed due to excess demand and its volume is 185 million dollars. This is 10D's second fund and it will invest in seed and A stage start-up companies. The fund will continue to focus on supporting exceptional entrepreneurs leveraging deep technologies in a wide variety of industries. The new fund started its activities and has already made four investments in companies that have not yet been officially disclosed (Stealth Mode). Notable investments from 10D's first fund include Exodigo, Juno Journey, OneStep, Obligo and Seebo which was acquired earlier this year by Augury.
The additional fund, in the amount of 60 million dollars, is an opportunity fund intended for investment in late rounds in the most promising companies among the 10D companies as well as in exceptional investment opportunities in companies in which the partners in the fund have invested in the past. The Opportunity Fund recently announced its first investment in Weka, a data and information management platform provider, as part of the company's fundraising.
Itai Rand, general partner at 10D: "As investors in early stage deep technology companies, we believe that this is the best time to invest in disruptive market leading companies in their field and help build them. The recently raised fund will allow us to support new ventures that face significant global challenges.
Yahal Zylka, founder and managing partner at 10D: "Despite the current interest rate pressure on the markets, we believe that the digital transformation is progressing at a rapid pace. Investment opportunities in the Israeli market are only increasing while expecting stronger results in the future. We are committed to continuing to support exceptional local entrepreneurs."
Rotem Elder, founder and managing partner at 10D: "At the same time as raising the new funds, we also expanded our infrastructure and staff. This expansion allows us to build a solid foundation that provides and adds significant value to our companies, as well as to further expand the range of our investments and the areas in which we will invest."