TLV Partners

What TLV Partners does

TLV Partners is an Israel-focused, early-stage venture capital firm headquartered in Tel Aviv and founded in January 2015 by Rona Segev and Shahar Tzafrir (with Eitan Bek also listed as co-founder and managing partner). The firm invests from pre-seed through Series B, concentrating on transformative ideas in AI, cybersecurity, biotech, cloud computing, developer tools, fintech, and defense. It manages seven vehicles — Funds I–V ($115M, $150M, $150M, $220M, $250M) and two Opportunity Funds ($60M in 2020 and $100M in 2021) — bringing committed capital above $1 billion as of the Fund V close in July 2023.

The firm's operating model is the standard VC construct: sourcing deal flow through founder networks and referrals, providing early-stage capital, operational support, talent introductions, and follow-on capacity, then harvesting through acquisitions and IPOs. Its disclosed exits — Run:ai to Nvidia, Cloudendure to Amazon, Granulate to Intel, Rookout to Dynatrace, Aporia to Coralogix, Odo to Check Point, Bond to Reef — and category-leading remaining assets such as Aidoc, Port, Unit, Quantum Machines, and Aqua Security constitute the firm's primary product (a track record) sold to limited partners and to founders evaluating investors. TLV Partners markets itself through a content blog, an active podcast ("Behind the Investment"), and standard social channels, syndicating deals with tier-1 co-investors including Bessemer Venture Partners, Grove Ventures, Insight Partners, Qumra Capital, and PSG Equity.

Economically the firm earns the conventional 2% management fee on committed/invested capital and 20% carried interest on profitable exits. With $1B+ AUM and 11–50 personnel, revenue is dominated by recurring management fees; carry is episodic and tied to liquidity events. Because it is privately held, TLV Partners does not disclose revenue, fund returns, or DPI figures publicly.

Name

TLV Partners

Legal name

TLV Partners LLC

Website

https://tlv.partners

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

TLV Partners is an Israeli early-stage venture capital firm headquartered in Tel Aviv that backs Israeli founders across AI, cybersecurity, biotech, developer tools, and defense, managing over $1B across five flagship funds and two opportunity funds.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management: TLV Partners generates revenue through management fees (typically 2% of committed capital) and carried interest (20% of profits from successful exits), standard venture capital economics.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TLV Partners is an early-stage venture capital firm that invests Israeli founders and startups from pre-seed through Series A/B stages. The firm manages over $1B across seven funds (Fund I $115M, Fund II $150M, Fund III $150M, Opportunity Fund $60M, Fund IV $220M, Opportunity Fund $100M, Fund V $250M) and provides capital alongside strategic guidance and network access to portfolio companies in AI, cybersecurity, biotech, cloud computing, developer tools, fintech, and defense technology.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund I TLV Partners' first institutional venture fund providing early-stage capital to Israeli startup founders across seed through Series A/B stages, with $115M in committed capital.
• Fund II Second venture fund providing continued early-stage capital deployment to Israeli startups, raising $150M in committed capital in 2018.
• Fund III Third venture fund deploying $150M in committed capital to Israeli startups at seed through Series A/B stages.
• Opportunity Fund I First Opportunity Fund of $60M launched in February 2020, providing dedicated follow-on capital reserves for investments in existing TLV Partners portfolio companies.
• Fund IV Fourth venture fund of $220M closed in October 2021, scaling the firm's investment capacity for Israeli early-stage startups.
• Opportunity Fund II Second Opportunity Fund of $100M launched in November 2021, expanding follow-on capital reserves for later-stage investments in existing portfolio companies.
• Fund V Fifth and largest venture fund of $250M closed in July 2023, bringing total assets under management to over $1 billion for continued early-stage Israeli startup investments.
• Behind the Investment Podcast A thought leadership podcast featuring conversations with TLV Partners portfolio founders explaining investment rationale and company building. Distributed on YouTube, Spotify, and Apple Podcasts.

Quantifiable outcome

• Multiple successful exits including Run:ai ($700M acquisition by Nvidia), Rookout (acquired by Dynatrace), Aporia (acquired by Coralogix), Granulate (acquired by Intel), Cloudendure (acquired by Amazon), Odo (acquired by Check Point), Bond (acquired by Reef)
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Magma Venture Partners: Israeli early-stage venture capital firm. Most direct peer because TLV Partner Shahar Tzafrir was previously a General Partner at Magma, and both firms pursue seed/early-stage Israeli startups across similar sectors including enterprise software and AI.
• Grove Ventures: Israeli early-stage venture capital firm investing in deep tech, AI, and enterprise software. Direct peer because Grove co-invests regularly with TLV (Scala Biodesign, Onfire AI) and targets the same Israeli founder pool at similar stages.
• Jerusalem Venture Partners (JVP): One of Israel's longest-standing venture capital firms, investing in early and growth-stage technology companies. Comparable to TLV as a sector-agnostic Israeli VC with a portfolio spanning cybersecurity, enterprise software, and AI.
• Pitango Venture Capital: Israel's largest venture capital firm, investing across seed, early, and growth stages. Direct peer because both firms target Israeli technology founders across multiple verticals and compete for the same deal flow.
• Viola Ventures: Israeli venture capital firm investing in early-stage technology companies across fintech, enterprise software, and digital health. Direct peer given similar Israeli focus, early-stage orientation, and overlapping sector coverage with TLV.
• StageOne Ventures: Israeli early-stage venture capital firm focused on enterprise software, deep tech, and AI infrastructure. Direct peer because StageOne pursues seed and Series A Israeli startups in adjacent categories to TLV's portfolio (AI, cloud, security).
• Entrée Capital: Israel- and London-based venture capital firm with multi-stage exposure. Comparable because Entrée invests in Israeli tech founders at seed through growth stages, directly overlapping with TLV's deal sourcing geography and stage.
• iAngels: Israeli venture capital and investment platform. Direct peer because TLV Partner Yonatan Mandelbaum previously worked at iAngels, and both firms source and syndicate Israeli early-stage startup deals.

Broad incumbents

• Insight Partners: Global software-focused investment firm with significant Israel activity. While much larger than TLV, Insight is a frequent co-investor (Slice Global Equity) and competes for the same growth-stage Israeli opportunities, making it a broad incumbent peer.
• Bessemer Venture Partners: Global venture capital firm with deep Israel investment activity across cloud, AI, and cybersecurity. Broad incumbent peer because Bessemer regularly co-invests with TLV (Unframe, Converge Bio) while also leading rounds and competing for Israeli founders at scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/TLV_Partners
• Facebookfacebook.com/TLV-Partners
• LinkedInlinkedin.com/company/tlv-partners
• Instagraminstagram.com/tlvpartners

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments146 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TLV Partners