Microsoft, Walmart Back Israel VC’s $500 Million in Fund Raising
- Cisco, Temasek, Moody’s also among investors in Team8 funds
- Firm to invest in over 30 Israeli cyber, AI, health startups
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Israel-based venture capital firm Team8 raised $500 million from investors including Microsoft Corp., Walmart Inc. and Cisco Systems Inc., for funds that will focus on local startups.
Moody’s Corp. and Temasek Holdings Pte also backed the three new funds and follow-on funding that brings Team8’s assets under management to more than $1 billion, the investment firm said in a statement on Tuesday.