The Greenfield Partners Fund announces final closure of new $ 350 million investment funds. The new capital is distributed across the Greenfield II fund, which will invest in about 15 start-ups in the early growth stages (BC rounds) and support its portfolio companies in the later stages of recruitment.
Greenfield Partners was established in 2016 by the TPG Growth Fund, and in 2020 the fund’s partners set out on an independent path that included recruiting new investors, including institutional investors, entrepreneurs and investors. The fund was joined by Avery Schwartz as a partner, after a lengthy tenure in the investment banking department of Goldman Sachs and Raz BBQ of Barclays Investment Bank. The fund currently employs 7 investors in the investment team spread across offices in New York and Tel Aviv.
Among the investments Greenfield Partners has made are Guardicor, which was sold a year ago to Akamai, AVANAN, which was sold to Check Point a year ago, and the VAST Data unicorns, which were worth $ 3.7 billion, and Big Panda, which is worth $ 1.2 billion. The second fund also made a number of notable investments, including the companies: Capitolis, Silverport, Corlogix, Equity B, Mixstyles, Saint, Dastfotonics, Penory, Planck, and Quali.
The investments that the fund makes are mainly in the field of software, hardware, fintech, and focus on the early growth phase. The main value that the foundation emphasizes is to help entrepreneurs and companies in the process of transition from an organization focused on technology development to a growing organization in which international expansion and the construction of the sales network become a key component. The fund’s investment team together with its advisors consists of a combination of entrepreneurs, executives from technology companies and people from the worlds of finance, banking, and investments.
“We are at a time when the market is once again giving importance to a healthy Economics Unit, which is also our field of specialization, after several years in which we saw the encouragement of company growth at all costs,” says Shay Greenfeld, co-founder of the fund. “We invest in companies after years in which the company’s management has been busy developing technology, adapting the product to the market, and initially building a sales organization. In the early growth stages we enter there are new challenges companies have to deal with and we have the expertise and tools to work with developers Best.”
“In this time of market volatility, we welcome the ability to continue to support Israeli entrepreneurs and encourage innovation through our new fund,” says Yehuda Doron, co-founder of the Greenfield Partners Fund. “We see where the company should be in a few years and work closely with them to build sales force, recruit senior executives, open international offices, improve business metrics, and build proper internal processes, which together prepare companies for long-term success. We operate in the industry for many years and thank To the leading investment bodies in the world that have chosen to believe in us and in the Israeli high-tech market. ”
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