Grove Ventures closes second $120 Million fund
VC Grove Ventures has successfully closed its second fund, Grove Ventures II, with total commitments of $120 million. The fund was oversubscribed and received investments from institutional investors, strategic investors, and industry leaders. Grove Ventures specializes in investing in startups at the intersection of IoT, AI, and cloud computing, targeting industries undergoing digital transformation such as manufacturing, mobility, and healthcare. The firm has a strong track record of supporting its portfolio companies through networking, strategic guidance, and partnership creation, and has been instrumental in connecting Israeli companies to European and U.S. markets.
>> Find the media coverage of this news below:
- Business Wire: Grove Ventures Closes Second Fund with $120 Million in Commitments
- CTech: Venture Capital Firm Grove Raises $120 Million in Commitments for Second Fund
- Calcalist (Hebrew): Dov Moran’s Grove Ventures Raises $120M
- Geektime (Hebrew): Dov Moran Raised $120M for Grove Ventures’ New Fund
- Globes: Dov Moran’s Grove Ventures raises $120m second fund
- Globes (Hebrew): Dov Moran’s Grove Ventures Raised a Second Fund of $120M
- The Marker (Hebrew): Grove Ventures Raises $120M
- NoCamels: Israel VC Firm Grove Ventures Closes $120M Fund