Team8, a fund known for its role in the digital transformation across various sectors, has announced the closing of funds amounting to $500m.
This latest funding round propels its total assets under management to a landmark figure well beyond $1bn. Since its inception in 2014, Team8 has redefined the venture capital model with a hands-on approach that closely aligns with the operational and strategic needs of the companies it builds and invests in. This method has garnered strong support from an elite group of limited partners (LPs), corporate backers, and leading figures in some of the world’s foremost companies.
To date, Team8’s innovative model has resulted in the creation of 20 companies and investments in an additional 21, leading to eight successful exits, including the notable cybersecurity firms Dig and Talon, with a combined exit value of approximately $1bn. Expanding its purview beyond its original focus on cybersecurity, Team8 now encompasses sectors such as FinTech, data infrastructure, artificial intelligence (AI), and digital health, illustrating its evolving commitment to sectors pivotal for technological advancement.
The announcement includes the launch of three new funds – the Venture-Creation Enterprise Fund, the Venture-Creation Digital Health Fund, and the Venture-Capital Fund. These funds, totaling $500m, are earmarked to support the creation and growth of over 30 startups, driving innovation in critical areas of technology and societal development.
Team8 distinguishes itself with a dual Venture-Creation and Venture-Capital model, offering comprehensive support to entrepreneurs. This includes a rigorous ideation and validation process, access to the ‘Team8 Village’ network of global partners, and operational support from a platform team of over 80 experts. This unique ecosystem enables Team8’s portfolio companies to leverage expertise in strategic planning, market entry, product marketing, and more, facilitating their growth and success.
Yuval Shachar, Managing Partner and Chairman at Team8, reflected on this milestone, emphasizing the resilience of the Team8 model amid global economic challenges and market downturns. “In the face of strong market headwinds, including global economic hurdles, downturns in the tech market, and a complex geopolitical climate – our announcement further emphasizes the resilience of the Team8 model. Amidst the demanding market conditions, we have been making meaningful distributions to our investors, building new companies, scaling existing ones, and raising multiple new funds,” Shachar stated.
“This milestone is not just about financial growth; it’s a validation of our unique methodology in building and investing in companies and the substantial value we consistently deliver to our portfolio companies,” he added.
In addition to the new funds, Team8 also raised approximately $85m in follow-on funds, reaffirming its commitment to doubling down on the most successful companies within its portfolio.
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