Fort Ross Ventures Closes Fund II
Venture capital fund manager Fort Ross Ventures has closed its second fund at $235mn, $35mn above the original target.
“In these volatile financial times, we’re pleased that our second fund has garnered so much attention. This allows us to continue to bridge the U.S. and Israeli startup ecosystems with Eastern European markets,” said Victor Orlovski, Founder and Managing Partner at Fort Ross Ventures.
Fort Ross has also added Sharin Fisher, a former officer of Israel’s elite cyber-intelligence agency, Unit 8200, as a partner to help identify cybersecurity, SaaS, big data, artificial intelligence, and fintech startups. Fisher will join the Israel office based in Tel Aviv.
“In getting to know the team at Fort Ross, I was impressed by their deep breadth of expertise as well as their ability to expand their portfolio companies’ growth globally,” said Fisher. “I’m happy to join Fort Ross, which is not only unique in its geographical focus, but also by being operator-led with a team of industry pioneers from complementary backgrounds.”
Fort Ross’s Fund II focuses on startups specializing in cloud, fintech, cybersecurity, artificial intelligence, machine learning, and marketplaces. It recently participated in Roofstock’s Series D, Fetch Robotics Series C and FireFly’s Series A2.
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