Fintech Investor Fort Ross Ventures Closes on $200 Million Fund

‎⁨יעקב נחמנוביץ ושארין פישר דיברוב קרדיט צילום דורוSharin Fisher Dibrov 002Victor Orlovsk⁩

Fort Ross Ventures has closed on a $200 million fund that targets late stage, Series D, investments. Fort Ross has backed multiple high profile Fintechs including Roofstock, LendingHome (now Kiavi), eToro and more.

Fort Ross notes that in addition to a strong footprint in the U.S. and Israel, the VC is also expanding to other regions, adding Europe to its target geography.

The company says that as part of the first close, Fort Ross Ventures’ Late-Stage Fund has invested in Ladder Life, an Insurtech offering flexible term coverage in minutes within their recently announced $100M Series D. Beyond Fintech, investment priorities include cloud technologies, AI/machine learning, business process automation services, Edtech, Foodtech and tech enabled businesses, with a strategic aim of backing companies that have raised at least $50 million in equity capital and are valued at $500M or more. Obviously, the goal is to get in before a potential initial public offering or acquisition.

Sharin Fisher Dibrov, Fort Ross Ventures Partner, commented:

“I am excited to share that Fort Ross Ventures will be now supporting successful fast growing companies at all stages of growth. Our new late stage fund will help fuel growth for great businesses up to a pre-IPO stage. There’s a massive opportunity in investing in late-stage companies in Israel; especially nowadays, when Israeli founders aim to build industry-leading companies, remain private longer, and see the exit scenario as only one of the options (and not necessarily the leading one), but rather going public and building a multi-billion-dollar business.”

Founder and Managing Partner Victor Orlovski said they are extremely pleased with the reception of the fund.

“It’s long been our belief that our international connections to connect founders with the best tech talent and expertise in business development can be just as beneficial to more mature companies as they are for early-stage startups, and we see the fund’s success as validation of our winning formula.”

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