YL Ventures has raised $120m of capital commitments for the close its fourth fund, as it looks to back Israeli cybersecurity startups.
The firm has secured capital commitments from at least 33 limited partners, according to filing submitted to the Securities and Exchange Commission.
The filing shows the firm does intend to raise any more capital and YL confirmed that the vehicle has closed on social media.
Skilnik Investment Group is listed a placement agent for the fund outside the United states, the filing adds.
YL raised $17.2m for its debut fund in 2017, before going on to raise $41.5m for Fund II six years later. The firm closed its third venture capital fund on $75m in May 2017, after targeting $60m.
The VC typically leads seed investments of between $2m and $4m in B2B cybersecurity startups located in Israel, YL has said on its website.
In August last year, the firm announced the appointment of 24 new cybersecurity experts to advisor network.
YL was founded in 2007 by managing partner Yoav Andrew Leitersdorf.
Based in Silicon Valley and Tel Aviv, YL Ventures manages $260m across its four funds.
It current portfolio includes startups such as Vulcan, MediGate, Axonius, Karamba, Twistlock and Upstream Commerce.
Last month the VC lead a $6.5m seed round for Israel-based cloud visibility platform Orca Security.
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