HedgeCo.Net — Vine Ventures has closed its third fund at $236 million, its largest to date and above its initial target, bringing the firm’s total assets under management to more than $500 million five years after its founding, the firm said on November 11. The fund will invest across the US-Israel technology corridor.
Fund III is backed by new and returning limited partners, including global asset managers, family offices and senior executives of large companies, according to the firm. It follows a $50 million first fund and a $140 million second fund, Calcalist reported, putting Vine among the faster-scaling emerging managers in the corridor.
Vine says it has sharpened its focus on Israel since its previous fund while keeping a US footprint, with offices in San Francisco, Boston, New York and Tel Aviv. About half of Fund III’s capital is expected to go to Israeli companies, Globes reported. Fund II holds positions from seed in Eon, Wonderful and Ornn, and the broader portfolio includes Qodo, Ora and Maven Robotics.
Alongside the close, Vine formed a senior advisory group that includes Snap chairman Michael Lynton, former General Electric chief information officer Gary Reiner and Booking.com chairman Bob Mylod. It also added Adam Valkin, formerly of General Catalyst, to lead investing from Boston, and Idan Tendler, formerly of Palo Alto Networks.
The close stands out in a venture fundraising market where LP commitments remain selective and capital has concentrated in the largest platforms. Vine’s ability to raise above target appears tied to early positions in breakout AI and infrastructure companies, the type of seed-stage track record LPs are rewarding with larger follow-on funds.