Grove Ventures

Grove Ventures

Israeli-based venture capital firm funding early-stage Israeli startups.

Grove Ventures is a venture capital firm established in 2015. The firm was founded by Dov Moran. Its headquarters is located in Tel Aviv, Israel. Dov Moran who was the co-founder and CEO of USB flash drive developer M-Systems Inc., is a managing partner at Grove. As of February 2019, the firm manages nine active companies in its portfolio and has sold off its shares in one company.

Grove Ventures invests investment areas include IoT, cloud and big data. The company supports mainly Israeli start-ups through inception and growth by providing capital, expertise and networks. The Grove Ventures team is comprised of entrepreneurs, company builders and experienced investors. Grove Ventures investment strategy focuses on technology and whether it would have a major impact on a large market. Partner Guy Resheff explained in an interview that these technologies that they invest in have deep scientific components that can be hard to assess.

Funding

Grove Ventures invests on Israeli companies. The firm provides funding for companies at the early stage of development. It is financing companies operating in various sectors of industry, with past examples being artificial intelligence (AI), healthcare technology, and construction industry software. As of February 2019, the firm has managed to raise a total fund of $110 million from one funding round held in October 2017.

Investments

In January 2019 Grove Ventures invested in Lumigo, a company providing a serverless operations platform to help its customers build cloud applications. Grove Ventures’ portfolio of companies include Nucleai Ltd (cancer detection), 3D Signals Ltd. (Industry 4.0), NeuroBlade (AI chip technology) and TriEye Ltd. Grove Ventures led a $3 million seed investment for TriEye in 2017, which develops Short-Wave-Infra-Red (SWIR) sensing technology for autonomous vehicle vision in low-visibility conditions. Other companies in their portfolio include Kiralis, Rapid API, lumigo, spry, Wiliot and astralink.

Timeline

Funded Companies

Company
Industry
Website
Location
Wiliot
Bluetooth
Israel
3DSignals (Company)
Artificial intelligence (AI)
Lumigo
San Francisco
Spry Health
4 Results
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Grove Ventures L.P.
100,000,000
30,000,000
Ramat HaSharon
June 9, 2016
Grove Ventures II, L.P.
Tel Aviv
September 2019
Grove Ventures II Feeder, L.P.
Tel Aviv
February 2020
3 Results
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People

Name
Role
LinkedIn

Omri Green

Partner

Sigalit Klimovsky

Partner

Dov Moran

Founder/Managing Partner

Lotan Levkowitz

Partner

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

astralink

Kiralis

lumigo

NeuroBlade

nucleai

References

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