# **Grove Ventures Raises $185M for Israeli Tech Startups | Fund Focuses on Deep Future and Edge Computing**
Grove Ventures, a Tel Aviv-based venture capital firm, has announced the closure of its latest funding round, raising an impressive $185 million for its ‘Grove III’ fund. The fund’s primary focus is to invest in early-stage Israeli tech startups that are at the forefront of building the future of technology and digitalization processes.
With a specific emphasis on the Deep Future and groundbreaking technologies, Grove Ventures aims to provide startups with the necessary resources and support to become game-changing companies. The fund’s broad team, consisting of experienced investors, entrepreneurs, and company builders, ensures that portfolio companies receive maximum value through access to further funding, support for HR and management, and connection to a vast network of enterprises.
Grove Ventures’ investment thesis is based on the premise of Edge computing, cloud infrastructure, and AI creating new investment opportunities in multiple sectors. These sectors include developer tools, data infrastructure, semiconductors, digital health, and more. The fund’s core principles revolve around putting people first, close cooperation, and value creation.
The successful closure of this funding round brings Grove Ventures’ total managed funds to close to half a billion dollars. This major milestone reflects the growing confidence and interest in the Israeli tech sector, which recently witnessed a record-breaking $25.4 billion raised in 2021[^1^]. Grove Ventures aims to continue supporting the next generation of companies that will drive technological advancements and digitalization processes, shaping the future of our world.
## **Key Points:**
– Grove Ventures closes a $185 million funding round for its ‘Grove III’ fund, targeting early-stage Israeli tech startups.
– The fund focuses on the Deep Future and breakthrough technologies that will shape the future of technology and digitalization processes.
– Grove Ventures’ broad team, consisting of experienced investors and company builders, provides startups with the necessary resources and support to become game-changing companies.
– Investment thesis based on Edge computing, cloud infrastructure, and AI, creating new investment opportunities in various sectors such as developer tools, data infrastructure, and more.
– Grove Ventures now manages close to half a billion dollars, reflecting the increasing interest and confidence in Israel’s tech sector.
To learn more about Grove Ventures and their investment in the Israeli tech ecosystem, please visit their [official website](https://www.grovevc.com/).
[^1^]: Authority Link – Source Title
Grove Ventures announced it has closed $185 million in funding for its ‘Grove III’ to invest in early-stage Israeli tech startups. The firm said the fund will focus on partnerships with founders who are building the Deep Future – the infrastructure that allows the leap forward for tomorrow’s technologies and digitalization processes and will shape the future of the world. Grove Ventures also added that the fund’s focus will also include tech and science innovations in domains such as Edge computing Grove Ventures will have close to half a billion dollars under management. So far and applicable market needs. With over a quarter-billion dollars under management provides startups with the needed support to become great companies. The fund’s broad team 33 tech startups also joined the unicorn club. Now Israeli tech startups are off to a great start as Tel Aviv-based venture capital firm Grove Ventures announced it has raised new funding for early-stage startups. Today data infrastructure and management and CommonGround. Grove III will also invest in early-stage Israeli startups. The fund also officially announced the promotion of Renana Ashkenazi from Principal to General Partner. Ashkenazi is a graduate of Unit 82 and Nonwestern University who formerly led a product team at Applied Materials. She joins Managing Partner Dov Moran inventor of the USB flash drive who sold M-Systems to SanDisk for more than 1.6 billion dollars We are excited to announce Grove III. We thank our LPs on their trust and for the opportunity to support the next generation of companies that will propel the technological leaps forward and digitalization processes to power the future of the world. We are in a challenging and fascinating period of time in which the world is becoming more digital than ever. We work to be a home for Israeli founders who build significant technological innovation and infrastructure and create game-changing companies. Grove invests in leading startups developing hard-to-replicate solutions at the intersection of technology and applicable market needs. Grove’s investment thesis is based on the premise that Edge