Grove Ventures
Description
Grove Ventures is a prominent early-stage venture capital firm based in Tel Aviv, Israel, specializing in deep tech investments. Founded by Dov Moran, the inventor of the USB flash drive, the firm has established itself as a key player in the Israeli startup ecosystem since its inception. Grove Ventures partners with entrepreneurs who are building foundational technologies across various sectors, aiming to support companies from their nascent stages through significant growth.
The firm's investment strategy is sharply focused on Seed and Series A rounds, targeting companies that leverage cutting-edge advancements in areas such as Artificial Intelligence (AI), Cloud infrastructure, Internet of Things (IoT), and Semiconductors. Grove Ventures is known for its hands-on approach, providing strategic guidance and operational support to its portfolio companies. Their typical initial investment in a startup ranges from $3 million to $7 million, reflecting their commitment to providing substantial early capital to promising deep tech ventures.
Grove Ventures has demonstrated consistent growth in its capital base, successfully raising multiple funds to fuel its investment activities. Following its initial funds, the firm announced the closing of its third fund, Grove Ventures III, in 2023, securing $185 million in commitments. This latest fund underscores Grove Ventures' continued dedication to fostering innovation within the deep tech landscape, enabling them to back a new generation of disruptive Israeli startups. The firm's cumulative capital under management across its three funds is approximately $405 million, solidifying its position as a significant and enduring force in the venture capital market.
Investor Profile
Grove Ventures has backed more than 39 startups, with 4 new investments in the last 12 months alone. The firm has led 13 rounds, about 33% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Seed, Series B rounds (top funding stages).
- Majority of deals are located in United States, Israel.
- Strong thematic focus on Artificial Intelligence (AI), Machine Learning, SaaS.
- Led 2 rounds in the past year.
- Typical check size: $3M – $7M.
Stage Focus
- Series A (38%)
- Seed (28%)
- Series B (18%)
- Series C (8%)
- Undisclosed (3%)
- Series Unknown (3%)
- Series D (3%)
Country Focus
- United States (54%)
- Israel (46%)
Industry Focus
- Artificial Intelligence (Ai)
- Machine Learning
- Saas
- Semiconductor
- Software
- Analytics
- Health Care
- Information Technology
- Cloud Computing
- Apps
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.
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