BusinessWireFebruary 18th, 2020

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.

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