Vine Ventures closes $236M third fund, doubling its AUM
What's the deal? US-Israeli venture firm Vine VenturesDealroom has a profile for this one. Try Dealroom → has closed its third fund at $236 million. The raise lifts the firm's total assets under management above $500 million, five years after its 2020 founding.
Why now? The third fund is a sharp step up from Vine's $140 million second fund. The firm says it raised more than originally planned — a notable result in a market where investor commitments remain selective.
What's the endgame? Vine invests at the seed stage across AI, fintech, healthcare, defence, and cyber, backing companies it believes can lead their market categories. The new fund keeps that strategy, with about half of the capital earmarked for Israeli companies and the rest for the US.
The firm, which has offices in San Francisco, Boston, New York, and Tel Aviv, has built a portfolio that includes WonderfulDealroom has a profile for this one. Try Dealroom →, an Israeli AI company that raised $550 million in a Series C at a $5 billion valuation, and data backup company EONDealroom has a profile for this one. Try Dealroom →. It has also invested in CartaDealroom has a profile for this one. Try Dealroom →, QodoDealroom has a profile for this one. Try Dealroom →, and RemepyDealroom has a profile for this one. Try Dealroom →.
Who's behind it? Vine was founded by Arik Reiner, a former Dynamic Yield vice president and Insight Partners investor, and Dan Povitsky, formerly of TA AssociatesDealroom has a profile for this one. Try Dealroom →. Adam Valkin, previously of General Catalyst, is a partner. The firm is led in Israel by founding partner Eric Reiner, who immigrated there in 2022.
Vine's advisers include Gary Reiner, a former chief information officer of General Electric; Michael Lynton, chairman of Snap; and Bob Mylod, chairman of Booking.com.
Not every bet has paid off. Vine was among the investors in insurtech company HippoDealroom has a profile for this one. Try Dealroom →, whose stock has fallen 87% since its IPO.
The signal: Vine's larger fund points to continued investor appetite for firms operating across the Israel-US technology corridor. "We are not merely investing in Israel; rather, we are allocating capital along the strategic axis connecting Israel and the US," said Eric Reiner. For founders, the question is whether a bigger fund changes how deep Vine goes rather than how wide.
Read more: en.globes.co.il
Image credit: Generated with Gemini
