Merlin Ventures, a prominent Israeli-American venture capital firm, has raised $75 million for its second fund, aimed at supporting the growth of Israeli cybersecurity startups. The fund will primarily target growth-stage companies, helping them expand into the U.S. and global markets.
Expanding Leadership Team
The new fund will be managed by Shay Michel and Seth Spergel, Managing Partners at Merlin Ventures, alongside David Phelps, CEO of the Merlin Group. Additionally, Almog Golod has been promoted to Partner, and Tav Spector has been elevated to Operating Partner to support the fund’s operations.
Track Record of Success
Founded in Israel in 2021, Merlin Ventures has already seen significant success, with multiple high-profile exits, including InfoSec Global, which was acquired by KeyFactor, and Veriti, which was sold to cybersecurity giant Check Point. This track record highlights the firm’s ability to identify and nurture promising cybersecurity startups.
The new fund will further Merlin Ventures’ mission to bolster Israel’s cybersecurity ecosystem, driving innovation and global expansion for its portfolio companies.
