Cardumen Capital, a Tel Aviv, Israel- and Madrid, Spain-based venture capital firm, raised $120M for its second Deep Tech Fund.
The fund continues to invest in pre-seed and seed stage companies in fields such as AI, Cybersecurity, Big Data, and Information Technologies.
The firm has also expanded its team over the past year with Nimrod Brandt, appointed Partner in Israel and an investment expert who has filled a number of executive roles at Hutchison, Gazit-Globe and Credit Suisse, Nadav Charnilas (Principal), a product and marketing veteran with over a decade of experience as a leader and operator at tech giants Microsoft, Vimeo, and Wix, and Dana Kleiman (Associate), formerly Attorney at Israeli elite boutique Yigal Arnon & Co. The three have joined Noa Shamay (Principal) who has been with the firm for four years.
Founded in 2018 by Chairman Gil Gidron along with Gonzalo Martínez de Azagra and Igor de la Sota, the firm has more than $225M under management.
So far, Cardumen Capital has invested in 32 Israeli companies in AI, Cybersecurity, Big Data, and Information Communication Technologies (ICT).