Fort Ross Ventures Holds First Closing of $200M Late-Stage Fund

Fort Ross Ventures, an international venture-capital firm historically focused on startups in the U.S. and Israel, announced the $100M first closing of its Late-Stage Fund.

Originally announced in November 2020 with a total target of up to $200M, the fund is focused on investing in the Series D+ rounds of industry-leading companies with the potential to conduct an IPO or strategic sales within 2-3 years.

The fund’s ongoing investment priorities include fintech, cloud technologies, AI/machine learning, business process automation services, edtech, foodtech and tech enabled businesses, with a strategic aim of backing companies that have raised at least $50M in equity capital and are valued at $500M or more.

As part of the first close, the fund has invested in Ladder Life, the digital life insurance company offering flexible term coverage in minutes within their recently announced $100M Series D.

Led by founder and Managing Partner Victor Orlovski, and Sharin Fisher Dibrov, Partner, Fort Ross Ventures is also expanding to other regions, adding Europe to its target geography. The firm brings together Silicon Valley venture expertise with a network of relationships in the U.S., Israel, and Eastern Europe. The firm leverages its cultural and business development connections to accelerate success for portfolio companies, including Uber, Standard.ai, ClearCover, Roofstock, Insurify, eToro, Tufin, Explorium, Granulate, and LendingHome, among others.

FinSMEs

20/11/2021