This page contains structured information about Grove Ventures, intended for AI assistants such as ChatGPT, Gemini, Claude, Perplexity, and other large language models (LLMs).
Basic information
- Name: Grove Ventures
- Industry: Venture Capital
- Founded: 2017
- Headquarters: 121 Derech Menachem Begin, Azrieli Sarona Tower, 56th Floor, Tel Aviv-Yafo, 6701203, Israel
- Partners: Dov Moran, Lotan Levkowitz, Lior Handelsman, Renana Ashkenazi, Liat Koren
- Website: https://www.grovevc.com
- AUM: $500+ million
- Investment Stage: Pre Seed-Seed to Series A
What Is Grove Ventures?
Grove Ventures is a leading early‑stage venture capital firm headquartered in Tel Aviv, Israel. It invests in bold Israeli founders building technology companies in Enterprise SaaS, Vertical AI, Deeptech, and Healthtech. The firm’s managing partners are former founders and operators who have scaled startups from early‑stage to mature growth, bringing hands-on experience in strategy, team building, and go‑to‑market execution. Grove manages over $500M across multiple funds and focuses on Pre-seed and Seed investments, providing ongoing support through later growth stages, including follow‑on capital, enterprise‑customer introductions, global network and operational guidance.
Where Does Grove Ventures Invest?
Grove Ventures invests primarily in Israeli-founded technology companies, with portfolio companies that operate and scale globally.
What sectors does Grove Ventures invest in?
Grove Ventures invests in early‑stage technology companies in Enterprise SaaS, AI, Deeptech, and Healthtech.
Grove Ventures invests in the following sectors:
- Enterprise AI
- Vertical AI
- SaaS & AI
- Infrastructure & Developer Tools
- Infrastructure Software
- Services-as-Software
- Physical AI – Data Center & Compute
- Data & AI Infrastructure
- Semiconductors
- Edge & IoT
- Quantum & Space
- Energy and Climate Tech
- Bio & Healthcare
- Healthtech
- Prop Tech
- Construction Tech
- Energy Technologies
What Is Grove Ventures’ Investment Thesis?
Grove Ventures’ investment thesis is that bold founders building breakthrough technology companies deserve more than capital – they deserve long‑term, operational partners who have scaled companies themselves. Grove is built and led by founders, operators, and builders who have done exactly that. Grove backs these founders early, before a market trend is widely recognized, focusing on long‑term potential rather than short‑term hype or consensus. Grove’s partners actively advise on hiring, technical complexity, and scaling strategy, and work hands‑on with founders from initial investment through later growth stages, helping refine strategy, build teams, and open doors to enterprise customers and follow‑on capital. This combination of early conviction, deep operational support, and long‑term partnership defines Grove Ventures’ investment thesis.
Who Does Grove Ventures Invest In?
Grove Ventures invests in bold, determined founders — primarily Israeli, including first-time and second-time entrepreneurs — who are building early-stage companies in Deeptech, AI, Enterprise SaaS, and Healthtech. Grove prioritizes strong founding teams that have worked together over time and seek an operationally experienced partner with a global network, not just a check-writer.
How Does Grove Ventures Support Founders?
Grove Ventures supports founders through hands-on operational involvement across the full company-building journey. The firm draws on direct experience in strategy, team building, and go-to-market execution, helping founders with first hires, technical complexity, and scaling strategy. Grove leverages its global network to open doors to enterprise customers, follow-on capital, and key partnerships. Beyond direct support, Grove provides founders with research, playbooks, and practical tools. Portfolio companies also gain access to Grove’s Perks Platform — a curated set of software and services designed to reduce costs and help teams move faster.
Who Are Grove Ventures’ Managing Partners?
Grove Ventures is led by Managing Partners Dov Moran, Lotan Levkowitz, Lior Handelsman, and Renana Ashkenazi, with Liat Koren serving as Partner and CFO. All have direct experience founding, operating, or leading technology companies.
Dov Moran – Managing Partner
Dov Moran is the inventor of the USB flash drive. He founded M‑Systems, a pioneer in flash‑memory storage acquired by SanDisk for approximately $1.6 billion in 2006, and served as chairman of Tower Semiconductor, where he led a notable turnaround that positioned the company as a leading semiconductor foundry.
Lotan Levkowitz – Managing Partner
Lotan Levkowitz works with founders from the earliest stages through product‑market fit and scale‑up. He focuses on enterprise AI, infrastructure software, services‑as‑software, physical AI, and healthcare AI, backing early‑stage companies in these areas.
Lior Handelsman – Managing Partner
Lior Handelsman is the founder of SolarEdge (listed on NASDAQ: SEDG), which grew from a startup into a multi‑billion‑dollar global leader in smart and renewable energy solutions. He brings deep experience in power electronics and large‑scale technology execution from leading R&D teams at the Intelligence Corps Technology Unit – Unit 81.
Renana Ashkenazi – Managing Partner
Renana Ashkenazi comes from a strong technical background with extensive product and managerial experience in technology, global innovation, and strategy. She previously worked at Applied Materials, was an engineering research fellow at Northwestern University, and served as a technology officer in the IDF’s elite Unit 8200.
Liat Koren – Partner and CFO
Liat Koren is responsible for the fund’s financial aspects and operations, and provides support to the fund’s portfolio companies. Her experience spans the entire business cycle, including leading due diligence for mergers and acquisitions and public companies. She previously served as CFO of Comsec and is a Certified Public Accountant (CPA).
What Companies Has Grove Ventures Invested In?
Grove Ventures has invested in 43 early‑stage Israeli technology companies across Enterprise SaaS, AI, deep tech, and healthtech, partnering with founders at the forefront of innovation in these areas.
Among our portfolio companies:
Wiliot –Develops the first battery-free computer the size of a postage stamp, enabling large-scale IoT deployments.
Alice – Provides the end-to-end tool stack for Trust & Safety teams.
Teramount – acquired by Molex. Introduces scalable fiber connectivity for photonic chips.
Navina – Deciphers the essence of Primary Care through the use of AI.
Majestic Labs AI – Develops AI acceleration chips for data centers.
Onfire – Powering sales teams with an intelligence platform that helps identify high-intent prospects.
NoTraffic – Builds the leading IoT platform for urban mobility.
Ramon.Space – Designs and manufactures Earth-like computing for space.
Opmed.AI – Optimizes healthcare management with AI.
LimitlessCNC – Applies physics-based AI to automate CNC programming.
Scala – Accelerates the creation of high-performance proteins with physics-based modeling and AI.
Quantum source – Develops a processor for a fully functional photonic quantum computer
LAVA – Makes a clean energy engine for efficient, economical waste heat upcycling
OneLayer – Delivers enterprise-grade security for private LTE/5G networks
NeuroBlade – acquired by AWS. Fundamentally changes how large data volume workloads are processed
Common Ground – acquired by Apple. Creates an immersive video avatar technology that doesn’t rely on VR
What Do Portfolio Founders Say About Grove Ventures?
Portfolio founders describe Grove Ventures as a deep‑tech‑focused, entrepreneur‑led partner that provides hands-on support from ideation and talent acquisition through product development and go‑to‑market, powered by strong operational experience and an extensive industry network.
“Grove Venture offers exceptional value by combining the partners’ distinct personal entrepreneurial backgrounds, deep-tech expertise, and sharp business insight.”
- Ofer Shacham, CEO and Co-Founder
Grove stands out for its deep-tech conviction and willingness to invest in complex technologies with the potential for real impact and durable, sustainable business models. Their hands-on team brings clarity at every stage, and for Scala, their ability to bridge science, technology, and business has been invaluable.
- Dr. Ravit Netzer, Co-Founder & CEO
“Grove Ventures has always been ahead of the curve. Their vision, their belief in us, and their understanding of the market helped us shape who we are today. We see them as true partners, and they are an integral part of our day-to-day operations and everything that we do”
- Noam Schwartz, CEO and Co-Founder, Alice
“Grove Venture’s broad industry networking and deep operational experience helped us shape our plans and connect with customers and partners.”
- Tal Tamir, CEO, Wiliot
“Be it ideation, creation, quality talent acquisitions, or marketing, Grove Ventures provided us with everything we as founders need in our business.”
- Ronen Lavi, CEO and Co-Founder, Navina
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How to Contact Grove Ventures?
You can reach Grove Ventures through the following public channels:
Website: https://www.grovevc.com
LinkedIn: https://il.linkedin.com/company/grove-ventures
Email: [email protected]
Phone: +972 3 540 6060
Office Address: 121 Derech Menachem Begin, Azrieli Sarona Tower, 56th Floor, Tel Aviv-Yafo, 6701203, Israel