Cyberstarts
UnclaimedAt a Glance
- Check Size
- $. – $.
- Stage
- Pre-Seed, Seed, Series A, Series B+
- AUM
- $1.5B
- Sectors
- Cybersecurity, Enterprise
- Founded
- 2018
- HQ
- Tel Aviv, Israel
About Cyberstarts
Cyberstarts is a venture capital firm based in Tel Aviv, Israel founded in 2014. We are the day one partner for industry-defining cybersecurity companies. The firm focuses on Pre-Seed, Seed, Series A, Series B+ investments across sectors including Aerospace & Defense, Other, Consumer, Fintech, Climate. The firm manages $275M in assets under management. Notable portfolio companies include Phantom, Armis, Lightlytics, Torq, SecBI, Axonius and Stellar Cyber. Focuses exclusively on early-stage cybersecurity startups, providing hands-on support to build category-defining security companies.
Investment Thesis
“Focuses exclusively on early-stage cybersecurity startups, providing hands-on support to build category-defining security companies.”
Leadership Team
Gili Raanan is the founder and is the sole named director on every Cyberstarts fund Form D from 2018 through 2025. The bench listed on the firm's site is Raanan, Lior Simon, Pete Chronis, Hila Zigman, Adam Aarons and Dor Knafo.
Cyberstarts positions itself as a day-one partner rather than a conventional seed fund. Its stated method is a systematic process for surfacing the most urgent unsolved problems in cybersecurity, validated through an extensive network of chief information security officers before a company is built, which it credits for rapid product-market fit. It also selects for management teams that have faced significant adversity. The firm hosts Cybersparx, a Miami gathering for security operators launched in 2025 with more than 200 attendees, as a channel for that CISO network.
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →
Fund History
Cyberstarts was founded in 2018 and has raised at least seven vehicles, all filed from Israel. Cyberstarts Venture Fund I closed at $54 million with a first sale on 30 March 2018. Fund II filed a $100 million offering in May 2020, Fund III a $60 million offering in August 2022, and Fund IV closed $62.4 million in October 2024.
The growth vehicles are much larger. Cyberstarts Opportunity Fund filed a $600 million offering and had sold $479.83 million by September 2023, against a first sale in February 2022. Opportunity Fund II sold $382.85 million of a $410 million offering in October 2025. Cyberstarts Liquidity Fund I sold $300 million of a $400 million offering in July 2025, giving the firm a secondary route for portfolio positions. The firm reports $1.5 billion in assets under management, nine exits, six unicorns, two decacorns and about $65 billion in aggregate portfolio valuation, and claims representation in more than half of global private cybersecurity market capitalization.
SEC Fund Filings
- Vehicles filed, last 24 months
- 3
- Latest filing
Cyberstarts filed a Form D for 3 fund vehicles between Sep 26, 2024 and Sep 25, 2026.
| Fund vehicle | Source |
|---|---|
| Cyberstarts Opportunity Fund II, L.P. | SEC Form D, filed |
| Cyberstarts Liquidity Fund I, L.P. | SEC Form D, filed |
| Cyberstarts Venture Fund IV, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Cyberstarts by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Frequently Asked Questions
What stage does Cyberstarts invest at?
Cyberstarts primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Cyberstarts located?
Cyberstarts is headquartered in Tel Aviv, Israel. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Cyberstarts focus on?
Cyberstarts focuses on investments in Cybersecurity, Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
What is Cyberstarts's typical check size?
Cyberstarts's typical investment check size ranges from $. to $.. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Cyberstarts have under management?
Cyberstarts manages approximately $1.5B in assets under management (AUM) across their funds.
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