New York-based Vine Ventures closes $236m Fund III

New York-based investment firm Vine Ventures has closed its third fund with $236 million in capital. As the announcement reveals, this result exceeds the original target, which founder Eric Reiner set at $200 million in a post on X.

The third fund focuses on early-stage and growth-stage companies in the areas of enterprise software, AI infrastructure, cybersecurity, and fintech. The press release identifies the U.S., Israel, and Europe as target regions. The Jerusalem Post adds that approximately half of the capital is earmarked for Israeli companies. The investor base reportedly includes global asset managers, family offices, and executives from international corporations.

Vine was founded in 2020 by Eric Reiner and Dan Povitsky. A second fund, announced in 2022, had a volume of $140 million; the firm states that it manages over $500 million in assets. Its listed locations include New York, San Francisco, Boston, and Tel Aviv. Europe is mentioned as an investment focus for the first time in the announcement regarding this third fund.