Meron Capital raises $70M third fund as CloudEndure co-founder joins partnership
Gil Shai brings experience scaling CloudEndure into a billion-dollar AWS business line.
Meron Capital has raised a new $70 million fund, bringing the firm’s total capital raised to $170 million. Meron’s third fund will invest at the pre-Seed and Seed stages across AI, cybersecurity, fintech, digital health, climate tech, and robotics.
The fund marks a step up not just in capital but in operating depth. Meron is adding Gil Shai, co-founder of CloudEndure, as a Managing Partner. Shai helped lead CloudEndure from its founding through its acquisition by Amazon Web Services, where he was responsible for the revenues and later oversaw business development for a unit generating roughly $1 billion in revenue.
Meron’s first two funds deployed $100 million across 30 startups, a portfolio the firm now values at more than $8 billion. That includes unicorns Eon, Immunai, and Solugen, as well as seven exits: Laminar (acquired by Rubrik), Testim (Tricentis), Loom Systems (ServiceNow), Reshuffle (Twitter), and Clear Genetics (Invitae).
“Meron has always operated with the speed and focus of a startup,” said Liron Azrielant, Managing Partner. “We move quickly, stay creative, and concentrate on helping founders turn ideas into global products.”
With Shai joining the partnership, Managing Partner Daniel Roditi said the firm is strengthening its ability to support young companies from the moment they incorporate. Early-stage founders, he added, often require the type of commercial and operational guidance that larger funds typically provide only at later stages.
For Shai, who has sat on both sides of the table, the appeal was the firm’s commitment to working closely with founders. “I’ve been both a founder and an investor, so I know how hard it is to build a company,” he said. “I joined Meron because the team truly stands by its founders in both good and challenging times. I’m committed to helping them turn a pitch slide into a real pipeline and revenue, and doing it at scale.”
