Sweetwood Ventures Raises $40 Million Fund
The new fund will manage investments in Israel-focused venture capital funds as well as invest directly in Israeli growth stage startups
Sweetwood Ventures, the venture capital arm of SweetWood Capital Ltd., has launched a new venture capital fund of funds with initial commitments of about $40 million. Sweetwood Ventures first announced the new fund on its website in September. The new fund will manage investments in Israel-focused venture capital funds as well as invest directly in Israeli growth stage startups, Sweetwood Ventures said.
Sweetwood Ventures is a Luxembourg-incorporated, $75 million-target fund of funds, focused on Israeli venture capital and serving primarily European investors. The new fund was launched in partnership with Belgian investment bank Degroof Petercam, which has $60 billion of assets under management, Sweetwood said.
“Although the U.S. has historically been the principal source of capital for Israeli startups and venture capital funds, European investors are increasingly acting as a strong alternative source of capital” Manuel Sussholz, co-founder and managing partner of Sweetwood Ventures, said in a statement.
Founded in 2011 and based in Tel Aviv, Sweetwood Capital is managed by Sussholz, Samuel Cohen Solal, and Amit Kurz.