Tue, Dec 03 2024

Team8 raises $500 million to support FinTech, AI, and cybersecurity firms.

March 07, 2024
2 Min Reads

The $500 million fund Team8, which is well-known for its contribution to the digital transformation of numerous industries, has announced the closing of its funds.

With the help of its most recent investment round, its total assets under management have surpassed $1 billion, a historic milestone. With a hands-on strategy that closely matches with the operational and strategic objectives of the companies it grows and invests in, Team8 has reinvented the venture capital model since its founding in 2014. An exclusive group of limited partners (LPs), business investors, and prominent executives from some of the top corporations in the world have all expressed significant support for this approach.

 

With a total exit value of about $1 billion, Team8's creative strategy has so far produced 20 companies and investments in another 21. Eight of these exits have been successful, including the well-known cybersecurity firms Dig and Talon. Beyond its initial focus on cybersecurity, Team8's scope has expanded to include industries like FinTech, data infrastructure, artificial intelligence (AI), and digital health, demonstrating its growing dedication to fields essential to technological progress.

 

The Venture-Creation Enterprise Fund, the Venture-Creation Digital Health Fund, and the Venture-Capital Fund are the three new funds that have been announced. The $500 million in cash will be used to help over 30 firms launch and expand, fostering innovation in important fields of technology and societal advancement.

 

Team8 sets itself apart by providing entrepreneurs with both venture-creation and venture-capital in one all-inclusive package. This entails a stringent ideation and validation procedure, entry to the worldwide partner network known as "Team8 Village," and operational assistance from a platform team including more than 80 experts. Through this special environment, Team8's portfolio companies can benefit from experience in product marketing, market entrance, strategic planning, and other areas, which helps them develop and succeed.

 

In his reflections on this milestone, Team8 Chairman and Managing Partner Yuval Shachar emphasized the model's durability in the face of market downturns and global economic crises. "Our news highlights the robustness of the Team8 model in the face of significant market challenges, such as obstacles in the global economy, downturns in the tech sector, and a difficult geopolitical environment. We have been creating new businesses, growing our current ones, and raising numerous new funds amidst the challenging market conditions, according to Shachar. We have also been providing considerable payouts to our investors.

 

"This milestone validates our unique approach to company building and investment, as well as the significant value we consistently provide to our portfolio companies. It's not just about financial growth," he continued.

 

Along with the additional funding, Team8 raised about $85 million in follow-on capital, reiterating its pledge to invest twice as much in its portfolio's most successful businesses.

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