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Cardumen Capital Raises $120M For Second Deep Tech Fund

Israel-Europe based venture capital firm Cardumen Capital has successfully raised $120M for its second Deep Tech Fund, fortifying its commitment to nurturing early-stage Israeli startups.
Cardumen Capital Team

Israel-Europe based venture capital firm Cardumen Capital has successfully raised $120M for its second Deep Tech Fund, fortifying its commitment to nurturing early-stage Israeli startups.

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Cardumen Capital has invested in 32 Israeli companies in AI, Cybersecurity, Big Data, and Information Communication Technologies (ICT). The company will continue investing in pre-seed and seed Israeli software and hardware companies at the forefront of the technological revolution.

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Cardumen Capital aims to be the most active investor on the cap table. The company boasts an international Value Creation team that bridges the gap between international corporations and Israeli entrepreneurs. Cardumen Capital supports and works closely with entrepreneurs in anything from business development to fundraising. It’s portfolio of exceptional entrepreneurs has a strong co-investor base such us as SaaS cybersecurity platform DoControl (backed by Insight Partners and Crowdstrike), Big Data B2G platform IVIX (backed by Insight Partners and Citi Ventures) or NeuReality (backed by Samsung and SK Hynix).

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“Israeli entrepreneurs rise to the occasion under adversity”, said Cardumen Capital’s Co-Founder and General Partner, Gonzalo Martínez de Azagra. “It’s in tough times when great companies are built. Our commitment to Israeli tech is stronger than ever. This commitment is reflected in our local team expansion. As a team of Israelis and Europeans, heavily connected with the US and Asian markets, we are well-positioned to give our startups access to worldwide markets. We look forward to partnering with entrepreneurs and our fellow investors in 2024 and beyond.”

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“We see a huge opportunity in the current market. We are actively deploying in what will probably be one of the best vintages of our generation,” said Nimrod Brandt, Cardumen Capital’s appointed Partner in Israel and an investment expert who has filled a number of executive roles at Hutchison, Gazit-Globe and Credit Suisse.

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About Cardumen Capital

Founded in 2018, Cardumen Capital is Israel-focused deep-tech venture capital company striving to be the most value add partner at a startup’s earlier stages. Cardumen Capital is an early stage venture capital firm that invests in visionary founders transforming the world through technology. We invest in early-stage, deep tech startups in different Industries.

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