TBD VC, a brand new early-stage enterprise capital agency, has introduced a $35 million fund to again deep tech Israeli founders on the pre-seed and seed phases, each in Israel and across the globe.
The fund launch comes amid a brand new wave of breakout Israeli tech tales, together with Wiz’s latest $32 billion acquisition by Google and Subsequent Insurance coverage’s $2.6 billion exit — reinforcing the nation’s energy in constructing profitable tech corporations.
But, based on TBD founders David Citron and Alan Buch, the earliest phases of firm formation stay underserved.
TBD is actively investing and expects to again about 20 corporations from this fund with a sector agnostic focus, nonetheless double-clicking in enterprise AI, cloud infrastructure, cybersecurity, and software program enabled defense-tech.
TBD will lead pre-seed rounds with roughly $1 million checks and infrequently take part in seed rounds alongside different traders. The fund’s LP base consists of institutional traders, household workplaces, and profitable know-how entrepreneurs, and the agency is already actively deploying capital.
“We’re not looking for momentum rounds or hype cycles — we’re here for the deeply technical founders building real companies from day one,” mentioned Citron, who is predicated in Tel Aviv. “That’s where value is created, and conviction matters most.”
Citron brings over a decade of VC expertise with worldwide VCs, most notably with Rocket Web, the place he targeted on pre-seed investing in Israeli startups for the German large. Over his profession, Citron invested in dozens of Israeli startups throughout cybersecurity, infrastructure, enterprise software program and shopper apps.
His investments included CyberX (acquired by Microsoft), WalkMe, Voca.ai (acquired by Snap), Circulate Safety (acquired by Crowdstrike), Frontegg, Faye, Boards.com, Eon.io (dubbed as Israel’s “next Wiz”), Upwind, and PointFive.
“We’re not trying to be everything to everyone,” Citron added. “We are pre-seed specialists, first time founder-first, and relentlessly execution driven.”
In an interview with GamesBeat, Citron mentioned that TBD VC will deal with investing in enterprise software program, cybersecurity and deep tech. He is considering tips on how to use applied sciences like sport engines to construct the framework for digital twins within the enterprise, and that prospect might be fascinating. However Citron mentioned his agency will not be going to deal with sport investments.
“There’s obviously a lot of business in Israel in the gaming realm, but I’m mostly an infrastructure investor and we’re trying to stick to what we know,” he mentioned.
Citron was born and raised in Israel and he served within the army within the Particular Forces as a fight medic. He joined the enterprise capital business upon being discharged, and he has been a VC for the previous 13 years.
“Enterprise and cybersecurity is a large chunk of the deal flow in Israel,” he mentioned. “I’ve been an early stage investor, but I really became passionate about pre-seed when I was working with Rocket Internet, which assigned me to do pre-seed in the Israeli ecosystem. That was amazing. Before that, there were no pre-seed investors in Israel.”
Citron’s cofounder, Alan Buch, leads from New York and brings a worldwide wealth and various funding administration perspective.
Alan Buch was a former professional racecar driver.
With greater than 15 years of expertise— not too long ago managing investments at a $4 billion multi-family workplace with investments in tech corporations equivalent to Spotify, SpaceX, and Hive AI at their earlier phases—and a previous life as knowledgeable race automobile driver, Buch sees early-stage investing by a singular lens. He used to compete as a racecar driver throughout Europe, and he’s additionally an avid tennis participant.
“Startups and racing have more in common than you’d expect,” mentioned Buch, in a press release. “It’s all about strategy, timing, instinct—and knowing exactly when to push.”
Along with normal companions on each side of the Atlantic with deep early-stage experience, TBD’s portfolio corporations additionally profit from a worldwide community of 45+ enterprise companions, together with senior operators from Github, American Categorical, Epic Video games, and Netflix, who assist founders with product and go-to-market technique, with the clear objective of reaching commercialization as quickly as potential.
“Israel is still the best place to find technical founders,” mentioned Citron. “But the next generation is global — and we’re building a firm that meets them where they are.”
Alan Buch is aiming for quick corporations now, relatively than quick vehicles.
“Early-stage Israeli founders don’t need tourists — they need operators who move fast, build trust, and unlock opportunity,” Buch added. “TBD is built for that.”
That is Citron’s second fund, as the primary one was additionally a $35 million fund and it was a high performer, with two-times return to date up to now. Prior investments from the sooner fund included Upwind.io, Pointfive.co and Eon.io. However no investments from the second fund are public but, Citron mentioned.
“With the latest acquisitions, everybody’s talking about how Israel is bigger and better than ever. At the pre-seed level, being the first check into a startup is super exciting,” Citron mentioned. “We hope this will be a big moment for Israeli enterprise startups.”
Citron acknowledged it’s been troublesome with the conflict in Gaza, however he famous that he’s optimistic about his deal with the tech sector.
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