Israeli-European venture capital firm Cardumen Capital has successfully raised $120M for its second Deep Tech Fund, reinforcing its commitment to nurturing early-stage Israeli startups. With investments in 32 Israeli companies focused on AI, Cybersecurity, Big Data, and Information Communication Technologies (ICT), the firm will persist in supporting pre-seed and seed Israeli software and hardware companies at the forefront of the technological revolution.
Cardumen Capital aims to be a highly active investor on the cap table and boasts an international Value Creation team bridging the gap between global corporations and Israeli entrepreneurs. The firm provides comprehensive support, from business development to fundraising, and has a portfolio of exceptional entrepreneurs, including companies like DoControl, IVIX, and NeuReality, backed by prominent investors such as Insight Partners, Crowdstrike, Citi Ventures, Samsung, and SK Hynix.
Gonzalo Martínez de Azagra, Co-Founder and General Partner at Cardumen Capital, emphasized the resilience of Israeli entrepreneurs in adversity, expressing a strengthened commitment to Israeli tech. The firm, consisting of a team of Israelis and Europeans with extensive connections in the US and Asian markets, aims to offer startups access to worldwide markets.
Nimrod Brandt, Cardumen Capital’s appointed Partner in Israel, highlighted the significant market opportunity and the active deployment of funds in what is anticipated to be one of the best vintages of their generation. The firm has expanded its team with experienced professionals, including Nadav Charnilas and Dana Kleiman, to further enhance its capabilities in supporting and investing in promising startups.