Grove Ventures raises $185 million fund for early-stage startups

Grove Ventures, a venture capital firm based in Tel Aviv, has closed its ‘Grove III’ fund at $185 million. The fund will focus on early-stage Israeli startups in domains such as edge computing, cloud infrastructure, data infrastructure, developers’ tools, DevOps, AI, and automation. The announcement brings the total funds under Grove Ventures’ management to nearly half a billion dollars. Additionally, Renana Ashkenazi has been promoted to General Partner, joining the existing team of experienced partners. The top-ranked firm aims to support Israeli founders in building innovative and game-changing companies in the digital era.

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