The new fund, which has already completed several investments, is earmarked for post-Series A enterprise software and cybersecurity companies.
By ZEV STUBGlilot partners (L-R) Arik Kleinstein, Nofar Amikam, Lior Litwak, and Kobi Samboursky(photo credit: BEN ITZHAKI)
Glilot Capital Partners said that it has launched its first early growth fund, Glilot+ (Glilot Plus).This is Glilot Capital’s fifth fund to date, bringing total assets under the company’s management to $500 million. The $170m. fund will operate in parallel to Glilot’s seed fund, which has made investments in six new companies over the past ten months.The new fund, which has already completed several investments, is earmarked for post-Series A enterprise software and cybersecurity companies and will lead or participate in advanced rounds, making investments of between $5m. and 20m. in around 15 companies, the company said.Glilot Capital was established in 2011 by Managing Partners Kobi Samboursky and Arik Kleinstein, with Nofar Amikam later joining as a partner. It is the only Israeli fund that has been ranked four times by international research company Preqin as the best performing fund worldwide, Glilot said.Glilot+ is led by Lior Litwak, who joins Glilot as managing partner after serving as partner at M12, Microsoft’s venture fund, where he invested in 20 companies in Israel and abroad. Notable investments in Israel led by Litwak include Authomize, nsKnox, Zencity and At-Bay.Litwak is an alumnus of the Israel Defense Forces’ Talpiot program and earned his MBA with distinction from Harvard Business School. He started his career as an officer in the Intelligence Corps Special Operations Technology Division and later served in R & D leadership and tech-financial advisory roles at data storage giant EMC and Morgan Stanley investment bank.“Today, more than ever, Israeli entrepreneurs think big and look to build long-standing independent and global businesses that can dominate their industry,” Litwak said.“We believe that working with experienced Israeli investors with extensive presence and deep relationships in international markets can uniquely benefit start-ups in early growth stages,” he said. “Glilot+ meets the exact needs of these start-ups through Glilot’s structured Value Creation model, community of senior advisers from leading global organizations and hands-on personal support for the entrepreneurs.”
