TBD VC is a newly established venture capital firm that has unveiled a $35 million fund to support deep tech Israeli entrepreneurs at the pre-seed and seed stages, both locally and globally.
The launch of this fund coincides with a surge in success stories within the Israeli tech ecosystem, such as Wiz’s recent acquisition by Google for $32 billion and Next Insurance’s $2.6 billion exit, highlighting the country’s prowess in developing prosperous tech enterprises.
Despite these achievements, TBD’s founders, David Citron and Alan Buch, believe that the early stages of company formation are still underserved.
TBD is actively seeking investment opportunities and plans to support approximately 20 companies from this fund with a focus on various sectors, with a particular interest in enterprise AI, cloud infrastructure, cybersecurity, and software-enabled defense technology.
The firm will take the lead in pre-seed rounds with investments of around $1 million and occasionally participate in seed rounds alongside other investors. Their investor base comprises institutional investors, family offices, and successful tech entrepreneurs, and they are already deploying capital actively.
David Citron, based in Tel Aviv, brings more than ten years of experience in venture capital, with a significant focus on pre-seed investments in Israeli startups during his tenure at Rocket Internet. His portfolio includes successful investments in cybersecurity, infrastructure, enterprise software, and consumer apps.
Alan Buch, TBD’s co-founder based in New York, offers a unique perspective on early-stage investing, drawing from his experience managing investments at a multi-family office with a $4 billion portfolio. Additionally, Alan’s background as a former professional race car driver brings a strategic and instinctual approach to investing.
TBD’s investment strategy is centered on enterprise software, cybersecurity, and deep tech, with a keen focus on leveraging technologies like game engines for enterprise applications, although they do not prioritize investments in the gaming sector.
The firm boasts a diverse network of venture partners, including senior operators from renowned tech companies like Github, American Express, Epic Games, and Netflix, who provide valuable insights and guidance to portfolio companies in product development and market strategy.
While Israel remains a hub for technical talent, TBD recognizes the global landscape of entrepreneurship and aims to support the next generation of founders wherever they may be located.
With a successful track record from their previous fund, TBD is optimistic about the impact they can make in the Israeli enterprise startup scene, despite the challenges posed by external factors like the conflict in Gaza.
