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S Capital raises USD 120 million fund for Israeli early stage, deep tech startups

The firm’s second fund exceeded its fundraising target.

S Capital founding and managing partners Haim Sadger and Aya Peterburg. Photo by Sharon Levin via Vulcan Post. S Capital founding and managing partners Haim Sadger and Aya Peterburg. Photo by Sharon Levin via Vulcan Post.

Israeli venture capital investment firm S Capital raised USD 120 million for its second direct investment fund, S Capital II, which focuses on early stage and deep tech startups, the company announced on Monday.

The new fund will bring the firm’s total committed capital to USD 270 million since its establishment in 2018, S Capital said.

It will invest across a broad range of technology sectors, including insurance tech, fintech, machine learning, AI, enterprise software, cybersecurity, and IT.S Capital founding partners Haim Sadger and Aya Peterburg said the fund deepens the company’s commitment to next-generation technology companies as it leans in with unique experience to support winning teams in a time of crisis.”

After the stock market crash in October 1987, Sequoia Capital was the first to invest in a small startup named Cisco. That initial investment and their total commitment helped Cisco go all the way to the top. Today, we know many successful startups are born in times of crises,” Peterburg said.

They also said the new fund exceeded its fundraising target.

“Building companies during times of adversity requires a different management approach and is an essential experience for funds. I faced two major crises in 2000 and 2008, and while this pandemic presents new challenges, many of its economic characteristics are similar to previous crises, said Sadger, who is also a former founding partner of Sequoia Capital Israel.

Founded in 2018, S Capital’s first fund has invested in nearly a dozen startups, including automated AI predictive analytics platform Pecan.ai and API threat protection solution Salt Security.

This article first appeared in NoCamels, which covers innovations from Israel for a global audience.