Israeli venture capital fund AnD Ventures announced Monday that it has raised $30 million for its first seed round investment fund, with the goal of reaching $50 million.
The fund was established by Lee Moser, a former partner at iAngles; Roy Geva Glasberg, who previously founded and managed “Google for Startup Accelerator”, was director of the startup ecosystem at LivePerson, and head of startups & Integrations at Microsoft; and Kfir Kachlon, a former senior member at OurCrowd investment team who led investments in advanced and deep tech startups. Additional partners include Ariel Cohen, previously senior director of product at Amdocs, and Arnaud Rodrigue, previously head of mobility at Cukierman investment house.
Gary Ginsburg, previously SVP of global communications at SoftBank and Time Warner, sits on the fund’s board of directors. Ginsburg was also a founding partner at 25madison and participated in the seed rounds of Houzz, TripActions, and Duda Mobile.
The fund has already completed its first investments. With a target check size ranging from $1 million to $1.5 million, the fund intends to lead seed rounds in 15-17 Israeli and foreign-based companies. AnD Ventures is focused on B2B Enterprise Software technologies with deep AI and Big Data approaches.
The fund includes close partnerships with leading enterprises, as well as with external and in-house matter experts, all to serve the goal of a unique and strong market validation process, and to operate a hands-on company builder.
“These days investors want to invest differently and be more engaged. They no longer simply provide entrepreneurs with capital but inquire what it is to be used for and how they can help. That’s why we built an investment fund coupled with a company-creating platform,” Moser said. “We work with entrepreneurs who are just starting out and come with a roll-up our sleeves attitude. Our goal is to help founders accelerate their businesses, provide them with guidance and access to experts in a variety of fields that can offer added value to various parts of the startup. We connect them to large corporations, tech giants, and world-class investors.”