Maor Investments, a venture capital firm based in Luxembourg, recently closed its second fund, Maor II, raising $180m. The amount marked a substantial increase from its first fund, stated the firm in a press release on Monday 23 October 2023.

Maor said it focusses exclusively on Israeli tech startups. Over a span of four years, Maor I curated a diversified portfolio that included WSC Sports, Aidoc, Coralogix, Silverfort, MinuteMedia, Pyramid Analytics and Buildots.

According to the firm, persuaded by the success of Maor I, many of its existing investors decided to reinvest in Maor II, with contributions surpassing the entire value of the initial fund. Additionally, the investor base of Maor expanded to incorporate new European family offices and institutions.

The investment strategy for the newly minted Maor II is set to mirror that of its predecessor. The announcement mentioned a focus on diversifying investments across sectors, maintaining an equal-weight portfolio distribution and zeroing in on the growth/early-growth segment, specifically targeting startups that have already begun generating revenue. The report noted that Maor II had already finalised four investments, which constitute 16% of the fund’s overall value, including companies like SupPlant and Quantum Machines, with two additional cybersecurity investments pending announcement.

Maor Investments was established in 2018 by founders Philippe Guez and Eric Elalouf.