Vine Ventures closes $236M Fund III for US and Israeli startups, above its $200M target

Vine Ventures has closed its third fund at $236 million, above the $200 million it set out to raise. Fund III is the firm's largest and takes total assets under management past $500 million, five years after its founding. Its earlier funds were $50 million and $140 million.

Led by founder Eric Reiner, Vine invests at early stage across the US and Israel and expects about half of the new fund to go to Israeli companies. Its sectors include enterprise software, AI infrastructure, cybersecurity and financial technology. Fund II holds seed positions in Eon, Wonderful and Ornn.

Limited partners are new and returning: global asset managers, family offices and senior executives of global companies.

Alongside the close, Vine formed a senior advisory group with Michael Lynton, Gary Reiner and Bob Mylod. Adam Valkin, formerly of General Catalyst, and Idan Tendler, formerly of Palo Alto Networks, joined the investment team.