Waze and WalkMe investors will invest $ 110 million in startups

The 10D venture capital fund led by Yahel Zilka, Ratam Eldar and Itai Rand, investors in Waze and WalkMe, which have invested in six companies, announces the raising of a fund of over $ 110 million.

A fund that has operated so far under the temporary name Ofek Ventures, focuses mainly on investments in the Seed and A stages of companies that disrupt the markets in which they operate (Disrupt). Using deep technology, new business models and exceptional capabilities of their entrepreneurial teams.

“Innovation in the world of technology changes its face every few years,” he said Zilka. “Therefore, we chose not to define fixed areas of focus for the fund’s investments. We understand that we must listen to the ideas and directions that entrepreneurs present and know how to identify future trends early so we can study them in depth, and develop the strategic connections needed to make informed investment decisions. “.

“We set up the fund after realizing that we share the belief that entrepreneurs, not investors, are the most important and central factor in success, both for companies and the technology industry. Our job as investors is to support them and help them be the best version of themselves throughout the company life cycle,” he explained. Elder. “In addition, we realized that we come from different backgrounds, have different professional experience and are very complementary in many areas.”

At 10D we do things a little differently than usual. In our work culture, in each of the investments we examine, the entire investment team spends a lot of time with the entrepreneurs. This builds meaningful relationships with the entrepreneurs and creates an openness based on deep business acquaintance and encourages direct contact with each of us. “So in practice the entrepreneurs get a whole fund that works with them and for them,” Rand signed.