Andrew Feldman 2a09b6208

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Subscribe to the Crunchbase Daily Hetz Ventures closed on a $77 million second fund that will invest in Israel-based companies in the B2B enterprise technology space. The Tel Aviv-based venture capital firm was founded in 2018 by Andrew Feldman, Stuart Roden and Judah Taub, as a seed VC and now has more than $130 million under management. Hetz’ first fund was $55 million and invested in 10 companies including: Trigo, an AI and computer vision-powered provider of a frictionless shopping experience; Granulate, a company that optimizes infrastructure and workload performance in real time; and Codota, a startup developing a platform that suggests and autocompletes Python, C, HTML, Java, Scala, Kotlin and JavaScript code. [...] Taub, managing partner at Hetz, discussed the fund’s strategy with Crunchbase News. Tell us about the new fund. We raised this fund completely during the COVID-19 pandemic, starting in April and closing in July. We make early investments solely in deep tech, especially in techy founders going after big markets. The vast majority of investors came out of Israel. We plan on investing in between 12 and 14 companies, and we have invested in two companies with the new fund, but they have not been announced yet. What’s your investment strategy? [...] We think artificial intelligence, development operations, fintech and cloud computing. For all of those areas, there is no better place than Israel. The country’s entrepreneurs are having a disproportionate e