Cyberstarts to establish cyber campus to house its portfolio companies
Calcalist has learned that the venture capital fund specializing in cyber, and the first investor in Wiz, is in advanced negotiations to lease the entire Landmark 2 tower. If finalized, the deal will include 27 floors totaling 45,000 square meters from Melisron and Afi Properties. Until now, the fund has never had offices.
The Cyberstarts venture capital fund is making a bold and unusual move that will make it the first VC fund in Israel to bring all of its portfolio companies under one roof. Calcalist has learned that the fund, founded by Gili Raanan, is establishing a “cyber campus” in Tel Aviv and is in advanced negotiations to lease the entire Landmark 2 (B) tower. If the negotiations are completed, Cyberstarts will lease a massive 45,000-square-meter space spread across 27 floors adjacent to the Sarona complex in Tel Aviv.
The project, consisting of two towers connected by an atrium, is being developed by Melisron and Afi Properties, with occupancy expected in about a year and a half. The move by Cyberstarts is especially striking given that until now the fund had no offices at all, most decisions were made at Raanan’s home in Michmoret, where founders came to pitch inside a pavilion built for that purpose.
Cyberstarts, founded in 2018, is considered the most successful fund in the cyber sector today, following a major exit with the sale of Wiz to Google for $32 billion. The fund was the first investor in the company founded by Assaf Rappaport, Ami Lutwak, Roy Reznik, and Yinon Costica, and is expected to receive more than $1 billion from the deal. However, Wiz is not expected to move to the new campus, as the acquisition will likely close beforehand.
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Those expected to move to Raanan’s cyber campus are the other unicorns in the fund’s portfolio, including Fireblocks, valued at $8 billion in its latest round; Island, valued at $5 billion last month; and Cyera, which has rapidly grown to a $6 billion valuation. Other portfolio companies include Zafran, which announced a $60 million round this week, and Upwind, founded by Amiram Shachar, which is reportedly in advanced talks to be acquired by Datadog for $1 billion.
The Cyberstarts fund currently manages $1.4 billion, after raising $700 million in 2025 alone. In September, Cyberstarts raised a second follow-on fund of $380 million to support portfolio companies in growth stages. Earlier this year, it launched another innovation: a $300 million employee liquidity fund allowing employees of portfolio companies to periodically sell some of their shares in private companies.
