US VC Merlin Ventures forms Israeli cyber fund
Merlin TLV, managed by Shay Michels, plans to invest $50 million in Israeli cybersecurity companies over 3-4 years.
US venture capital firm Merlin Ventures has set up a dedicated fund for investment in Israel called Merlin TLV, Globes has learned. The new fund will invest $50 million in Israeli cybersecurity startups over the next 3-4 years.
Merlin Ventures is the venture capital arm of Merlin Cyber, which specializes in cyber solutions for US government agencies. Merlin Ventures has in the past invested in three Israeli companies - Sepio, Cynet, and Cyber Observer - but it is now forming a special fund for Israel to be managed by Shay Michels and the Israeli VC fund toDay Ventures, of which Michels is a founder.