Silicon Valley-based venture capital firm YL Ventures GP Ltd. announced Wednesday it has closed its fourth fund with $120 million of committed capital. The latest fund brings YL’s total capital under management to $260 million, the firm said.
For daily updates, subscribe to our newsletter by clicking here.
“I aim to repay my investors three times for their investment in us, and this is after taking into account our own profit,” Yoav Leitersdorf, YL Ventures founder, said in a Wednesday interview with Calcalist.
YL intends to use the newly raised funds to invest in ten different companies at a pace of two to three companies a year. The firm invests in seed-stage startups, often further investing in its portfolio companies at later stages.
Founded in 2007, YL Ventures invests in seed-stage companies in the fields of cybersecurity, enterprise software, and automotive technologies.
The firm has built a cybersecurity reputation for itself by hiring 50 advisors, most of which are executives at big American organizations, Leitersdorf said. “We have access to 1,500 customers in the cybersecurity industry that we match our portfolio companies with,” he added.