Sarona Ventures has launched a new $20 million fund with investments from private investors
Sarona Ventures Fund, a subsidiary of Sarona Partners Group, has announced a new $20 million fund that includes only investments from private investors and wealthy families. The fund’s focus is on early-stage investments in start-up and early-stage Israeli entrepreneurs and startups.
Several prominent investors have joined the fund, including several unicorn co-founders, including TripActions, Verbit, Deel, ContentSquare and SumUP. Other investors include founders and managers of some of the world’s most prominent funds including Spark Capital, which has invested in Twitter and Slack, and Green Bay Ventures, which has invested in Lime, Dropbox, DocSign, Spotify and MoonPay. Anish Acharya, general partner at Andreessen Horowitz, who has led the company’s investments in Deel, Titan and others, has also invested personally.
The fund will focus primarily on companies that have completed Sarona Partners’ 365x scaling programs, as well as companies that have graduated from the prominent US accelerator program Y-Combinator, which recently launched fund-owned accelerators.
“We are fortunate and proud to have so many wonderful people joining our vision,” said Tut Shani, Co-Founder and CEO of Sarona Partners. “We are honored to have our expansion strategy validated by the best people in the industry. With the help and advice of these wonderful investors, our startups will fly.”
Additional investors joining Sarona include Partner Fund of global law firm Orrick and other entrepreneurs such as the Afflelou family, owners of the French Optical Consortium, Austria’s largest angel investor Johann ‘Hansi’ Hansmann, Justin Matin, co-founder of Tinder, Dr. Ravi Dattatreya and Olivier Elbaz, Former General Manager of Salesforce.
Recently, the new fund participated in a Series A investment in TINT, a company that enables technology platforms around the world to include insurance and regulations in products, which graduated from the Y-Combinator program. Israeli companies in which the fund has invested include: ByondXR, a 3D and augmented reality company backed by OurCrowd and Union Group; Salvador Tech, a cyber-attack, software, and hardware recovery company, backed by Chemi Peres’ Pitango Fund; Agora, an investment management program that recently announced a fundraising round led by Alf Venture Capital; Depoint, whose solution helps retail organizations track their inner workings and is backed by monday.com’s first angel investors; and Medcase, a company that provides medical data to giants like Google.
Sarona Ventures was established in 2017 as an arm of the Sarona Partners Group, by Philippe Bouaziz (Chairman) and Tout Chaney (CEO), on the investment office grounds of the Bouaziz family office. With consolidated investments in more than 300 startups, to date, the group’s portfolio includes seven unicorn companies.
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