Fort Ross Ventures Closes Oversubscribed Second Fund
March 25 2020 - 8:00AM
via NetworkWire – Fort Ross Ventures, a venture-capital firm
focused on startups in the U.S., Israel, and Eastern Europe, today
announced that it closed an oversubscribed $235 million Fund II,
raising an additional $35 million beyond its target. Additionally,
the company announced that Ms. Sharin Fisher, former officer of
Israel’s elite cyber-intelligence agency, Unit 8200, has joined the
firm as a partner to help identify cybersecurity, SaaS, big data,
artificial intelligence, and fintech startups. Fisher will join the
Israel office based in Tel Aviv.
Demand for Fund II was fueled by the firm’s recent
exits, including Dynamic Yield (acquired by McDonald’s for $327M),
CoverWallet (acquired by Aon), and the IPOs of Uber (NYSE: UBER)
and Tufin (NYSE: TUFN). Fort Ross’s two funds combined have a total
of $345 million assets under management (AUM).
“In these volatile financial times, we’re pleased
that our second fund has garnered so much attention. This allows us
to continue to bridge the U.S. and Israeli startup ecosystems with
Eastern European markets,” said Victor Orlovski, Founder and
Managing Partner at Fort Ross Ventures.
New partner Sharin Fisher brings 14 years of
technology-focused experience from serving nine years at Unit
8200’s Cyber-Intelligence Agency and leading the 8200 EISP, a top
Israeli accelerator. She will maintain a board position at 8200
EISP and at the 8200 alumni association.
“In getting to know the team at Fort Ross, I was
impressed by their deep breadth of expertise as well as their
ability to expand their portfolio companies’ growth globally,” said
Fisher. “I’m happy to join Fort Ross, which is not only unique in
its geographical focus, but also by being operator-led with a team
of industry pioneers from complementary backgrounds.”
Fort Ross’s Fund II focuses on startups
specializing in cloud, fintech, cybersecurity, artificial
intelligence, machine learning, and marketplaces. It recently
participated in Roofstock’s Series D, Fetch Robotics Series C and
FireFly’s Series A2.
About Fort Ross VenturesFort Ross
Ventures brings together Silicon Valley venture expertise with an
extensive network of relationships in the U.S., Israel, and Eastern
Europe. The firm leverages their cultural and business development
connections to accelerate success for portfolio companies including
Uber, GridGain, Moven, eToro, Tufin, NetGuardians, Mobeewave and
LendingHome, among others. For more information, visit
www.fortross.vc, LinkedIn and Twitter.
Contact:Andrea HeuerConsort
Partners PR for Fort Ross Venturesfortross@consortpartners.com
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