YL Ventures Closes Fifth Fund at $400 Million

Palo Alto – May 16, 2022 – Cooley advised YL Ventures, an early-stage venture capital firm focused on cybersecurity, on the closing of its significantly oversubscribed fifth fund, YLV Fund V, at $400 million. Partner John Clendenin led the Cooley team advising YL Ventures.

As the largest seed-stage cybersecurity-focused fund ever raised, YLV Fund V will continue the firm’s strategy of supporting Israeli founders from inception through every critical stage of building a category-leading company and bolstering its position in the global market. The fund will be used to lead the seed rounds of approximately 10 startups at a pace of three startups per year, and to invest in those companies’ follow-on rounds.

“We plant the first seed in these budding startups and then continue to support them as they blossom, succeed and shatter their categories,” Yoav Leitersdorf, managing partner at YL Ventures, said in a press release. “Our resources and expertise in the cybersecurity industry, reinforced by YLV Fund V, will serve to cultivate the next generation of Israeli top-tier talent from seed to lead.”

Based in Silicon Valley and Tel Aviv, Israel, YL Ventures has $800 million in capital under management, and funds and supports Israeli tech entrepreneurs. The firm accelerates the evolution of portfolio companies via strategic advice and US-based operational execution, leveraging a powerful network of chief information security officers and global industry leaders. YL Ventures’ track record includes investment in Israeli cybersecurity unicorns, as well as successful, high-profile portfolio company acquisitions by major corporations.

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