YL Ventures

Last updated
YL Ventures
IndustryVenture Capital Firm
Founded2007
FoundersYoav Leitersdorf
John Quigley
Headquarters San Francisco and Tel Aviv
Website www.ylventures.com

YL Ventures is an American-Israeli venture capital firm that specializes in seed stage cybersecurity investments. [1]

Contents

Investment Firm

YL Ventures is a seed-stage venture capital firm. The company’s managing partner Yoav Leitersdorf [2] who founded the firm with John Quigley in 2007, along with Israel and U.S. partners Ofer Schreiber and John Brennan. [1] [3] Current partners also include Sharon Seeman and Michael Cortez. [4] The firm has headquarters in San Francisco and Tel Aviv. [5] [6] A main focus of YL Ventures is to introduce Israeli cybersecurity start-ups to the American market and develop a U.S. customer base. [1] [7]

In 2018, YL Ventures established its Venture Advisory Board. As of 2021, the Venture Advisory Board had included northward of 100 global CISOs and cybersecurity executives from Fortune 100 companies, that assist YL Ventures in vetting investments and provide ideation support before the investment occurs. [6]

In 2019, YL Ventures inaugurated a CISO-in-Residence role. [8] Roger Hale served as YL Ventures’ first CISO-in-Residence. [9] In 2020, Sounil Yu took the role [10] and in 2021, Ryan Gurney replaced him. [11] The CISO-in-Residence for 2022 is Frank Kim. [12] YL Ventures was ranked 8th out of over 250 venture capital firms in PitchBook’s 2022 Global Manager Performance Score League Tables. [13]

Finances

As of 2020, YL Ventures manages over $300 million across 4 funds, [14] including a $135 million fund raised in 2019 [15] and a $75 million fund raised in 2017. [16] By 2023 this had increased to $800 million across 5 funds. [17]

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References

  1. 1 2 3 "YL Ventures, a specialist in Israeli cybersecurity startups, has closed its fourth fund with $120 million". TechCrunch. 10 July 2019. Retrieved 2021-01-26.
  2. "Yoav Leitersdorf: YL Ventures' founder and fighter". CTech. Calcalist. 30 November 2020. Retrieved 18 January 2021.
  3. Brennan, John (2020-08-13). "Navigating the critical step of making your first cybersecurity sales hire". CTECH - www.calcalistech.com. Retrieved 2021-10-03.
  4. "YL Ventures announces $400 million fifth fund, the largest Seed stage cybersecurity-focused fund ever raised". ctech. 2022-05-10. Retrieved 2024-07-11.
  5. "Ryan Gurney joins YL Ventures as CISO-in-Residence". Security Magazine. 16 June 2021.
  6. 1 2 "Ryan Gurney, Ex-Googler, Joins YL Ventures as CISO-in-Residence". finance.yahoo.com. Retrieved 2021-11-10.
  7. "YL Ventures closes $75 million fund to bring Israeli startups to the US". Tech Crunch. 4 May 2017.
  8. FinSMEs (2019-10-29). "YL Ventures Adds Roger Hale as CISO-in-Residence". FinSMEs. Retrieved 2021-09-30.
  9. Orbach, Meir (2019-10-29). "Cybersecurity Veteran Roger Hale Joins Venture Capital Firm YL Ventures". CTECH - www.calcalistech.com. Retrieved 2021-09-30.
  10. FinSMEs (2020-04-08). "Sounil Yu Joins YL Ventures as CISO-in-Residence". FinSMEs. Retrieved 2021-09-30.
  11. CTech (2021-06-15). "Ryan Gurney, ex-Googler, joins YL Ventures as CISO-in-Residence". CTECH - www.calcalistech.com. Retrieved 2021-09-30.
  12. "Frank Kim of SANS Institute joins YL Ventures as its new CISO-in-Residence". 17 November 2022.
  13. https://pitchbook.com/news/reports/2022-pitchbook-global-manager-performance-score-league-tables [ dead link ]
  14. Orbach, Meir (2021-03-09). "YL Ventures makes massive profit selling holdings in cybersecurity startup Axonius for $270 million". CTECH - www.calcalistech.com. Retrieved 2021-03-18.
  15. "YL Ventures didn't wait for the IPO, and sold stake in Israeli Unicorn". Geektime. 2021-03-15. Retrieved 2021-03-18.
  16. "YL Ventures closes $75 million fund to bring Israeli startups to the US". TechCrunch. 4 May 2017. Retrieved 2021-03-18.
  17. Loizos, Connie (2022-05-12). "YL Ventures specializes in seed-stage cybersecurity investments". TechCrunch. Retrieved 2024-07-11.