Summary:
TBD VC launches a $35 million fund to support deep tech startups in Israel and globally.
The fund aims to fill the gap in early-stage funding, focusing on pre-seed and seed stages.
David Citron and Alan Buch emphasize support for deeply technical founders over hype-driven investments.
TBD plans to invest in enterprise AI, cybersecurity, and cloud infrastructure.
The firm has a global network of over 45 venture partners to assist portfolio companies.
Introduction
TBD VC, a new early-stage venture capital firm, has unveiled a $35 million fund aimed at supporting deep tech founders in Israel and globally at the pre-seed and seed stages. This launch coincides with a surge of notable Israeli tech stories, including Wiz’s $32 billion acquisition by Google and Next Insurance’s $2.6 billion exit, showcasing the country's prowess in tech innovation.
The Gap in Early-Stage Funding
Despite the thriving tech scene, TBD founders David Citron and Alan Buch highlight that the earliest stages of company formation are still underserved. The firm plans to invest in approximately 20 companies across various sectors, with a keen focus on enterprise AI, cloud infrastructure, cybersecurity, and defense-tech.
Investment Strategy
TBD VC is set to lead pre-seed rounds with investments of around $1 million and will occasionally join seed rounds alongside other investors. The fund is backed by a diverse group of institutional investors, family offices, and successful tech entrepreneurs, and is already deploying capital.
Founders' Insights
Citron emphasizes their commitment: “We’re not looking for momentum rounds or hype cycles — we focus on deeply technical founders building real companies.” With over a decade of VC experience, Citron has a track record of investing in successful Israeli startups, including CyberX, WalkMe, and Voca.ai.
Co-founder Alan Buch, with a background in global investments and a unique perspective from his previous career as a professional race car driver, shares insights on the parallels between startups and racing: “It’s all about strategy, timing, instinct — and knowing exactly when to push.”
Global Network and Future Vision
TBD’s portfolio will benefit from a global network of over 45 venture partners from top companies like Github, American Express, and Netflix, assisting founders with product development and market strategies. Citron believes that Israel remains a prime location for technical founders, while also recognizing the global nature of the next generation of startups.
Conclusion
As TBD VC embarks on its mission, the firm aims to empower early-stage Israeli founders with the resources and expertise needed to navigate the challenges of building innovative tech companies. With optimism for the future despite ongoing challenges, TBD VC is poised to make a significant impact in the tech landscape.
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