YL Ventures’ $400 Million Fundclosing

Cooley advised YL Ventures on the deal.

YL Ventures, an early-stage venture capital firm focused on cybersecurity, announced the closing of its significantly oversubscribed fifth fund, YLV Fund V, at $400 million. 

As the largest seed-stage cybersecurity-focused fund ever raised, YLV Fund V will continue the firm’s strategy of supporting Israeli founders from inception through every critical stage of building a category-leading company and bolstering its position in the global market. The fund will be used to lead the seed rounds of approximately 10 startups at a pace of three startups per year, and to invest in those companies’ follow-on rounds. 

Based in Silicon Valley and Tel Aviv, Israel, YL Ventures has $800 million in capital under management, and funds and supports Israeli tech entrepreneurs. The firm accelerates the evolution of portfolio companies via strategic advice and US-based operational execution, leveraging a powerful network of chief information security officers and global industry leaders. YL Ventures’ track record includes investment in Israeli cybersecurity unicorns, as well as successful, high-profile portfolio company acquisitions by major corporations.

The Cooley Team was led by John Clendenin (Picture). Additional assistance was provided by Stuyvie Pyne, Rachel Samec, Paul Roberts and Annie Reid.

 

 

Involved fees earner: John Clendenin – Cooley LLP; Stuyvie Pyne – Cooley LLP; Paul Roberts – Cooley LLP; Rachel Samec – Cooley LLP;

Law Firms: Cooley LLP;

Clients: YL Ventures;

Martina Bellini

Author: Martina Bellini