Microsoft, Walmart Back Israel VC’s $500 Million in Fund Raising

Israel-based venture capital firm Team8 has secured $500 million in funding from investors such as Microsoft Corp., Walmart Inc., and Cisco Systems Inc. The funds will be directed towards supporting local startups.

In addition to these tech giants, Moody’s Corp. and Temasek Holdings Pte also contributed to the three new funds and follow-on funding. This has increased Team8's assets under management to over $1 billion, according to a statement released by the investment firm on Tuesday.

Key takeaways

Israel-based venture capital firm Team8 raised $500 million from investors including Microsoft Corp., Walmart Inc., and Cisco Systems Inc.
The funds will be focused on local startups.
Moody’s Corp. and Temasek Holdings Pte also backed the three new funds and follow-on funding.
This funding brings Team8’s assets under management to more than $1 billion.

Microsoft, Walmart Back Israel VC’s $500 Million in Fund Raising

Key takeaways

Discussion (0)