YL Ventures explained

YL Ventures
Industry:Venture Capital Firm
Foundation:2007
Founders:Yoav Leitersdorf
John Quigley
Location:San Francisco and Tel Aviv

YL Ventures is an American-Israeli venture capital firm that specializes in seed stage cybersecurity investments.[1]

Investment Firm

YL Ventures is a seed-stage venture capital firm. The company’s managing partner Yoav Leitersdorf[2] who founded the firm with John Quigley in 2007, along with Israel and U.S. partners Ofer Schreiber and John Brennan.[3] Current partners also include Sharon Seeman and Michael Cortez.[4] The firm has headquarters in San Francisco and Tel Aviv.[5] [6] A main focus of YL Ventures is to introduce Israeli cybersecurity start-ups to the American market and develop a U.S. customer base.[7]

In 2018, YL Ventures established its Venture Advisory Board. As of 2021, the Venture Advisory Board had included northward of 100 global CISOs and cybersecurity executives from Fortune 100 companies, that assist YL Ventures in vetting investments and provide ideation support before the investment occurs.

In 2019, YL Ventures inaugurated a CISO-in-Residence role.[8] Roger Hale served as YL Ventures’ first CISO-in-Residence.[9] In 2020, Sounil Yu took the role[10] and in 2021, Ryan Gurney replaced him.[11] The CISO-in-Residence for 2022 is Frank Kim.[12] YL Ventures was ranked 8th out of over 250 venture capital firms in PitchBook’s 2022 Global Manager Performance Score League Tables.[13]

Finances

As of 2020, YL Ventures manages over $300 million across 4 funds,[14] including a $135 million fund raised in 2019[15] and a $75 million fund raised in 2017.[16] By 2023 this had increased to $800 million across 5 funds.[17]

Exits

!Company!Field!Description!Exit Year!Exit Details
Enso SecurityApplication Security Posture Management2023Acquired by Snyk[18]
SperaIdentity Security Posture ManagementIdentity threat prevention, detection, and response2023Acquired by Okta for $100M[19]
MedigateHealthcare IoT SecurityDedicated Healthcare IoT Security Platform2021Acquired by Claroty for $400M[20]
Build SecurityAuthorization Policy ManagementIdentity & access management platform 2021Acquired by Elastic for an undisclosed amount[21]
AxoniusUnified Visibility & Control Of Endpoint DevicesCybersecurity asset management platform2021Acquired by ICONIQ Growth, Alkeon Capital, DTCP, and Harmony Partners for $270M
TwistlockVirtual Container SecurityEnterprise platform for cloud native workloads2019Acquired by Palo Alto Networks for $410M[22]
Upstream CommerceOnline Retail IntelligenceRetail pricing optimization and intelligence2018Acquired by Walmart (Flipkart) for an undisclosed amount[23]
HexaditeCybersecurity Orchestration and AutomationAutomated incident response solution2017Acquired by Microsoft for $100M[24]
SeculertCloud-based Malware ProtectionAttack detection and analytics platform2017Acquired by Radware for an undisclosed amount[25]
FirelayersCloud Access Security BrokerIT protection for cloud applications2016Acquired by Proofpoint for $55M[26]
BlazeMeterPerformance TestingJMeter and performance testing platform for DevOps2016Acquired by CA Technologies for $90M[27]
ClicktaleWeb AnalyticsCustomers experience analytics platform2013Acquired by Amadeus Capital
AcceloWebWeb AccelerationPioneer and leader in browsing experience optimization2011Acquired by Limelight Networks for an undisclosed amount[28]

Notes and References

  1. Web site: YL Ventures, a specialist in Israeli cybersecurity startups, has closed its fourth fund with $120 million. 2021-01-26. TechCrunch. en-US.
  2. Web site: Yoav Leitersdorf: YL Ventures' founder and fighter . CTech . Calcalist . 18 January 2021.
  3. Web site: Brennan. John. 2020-08-13. Navigating the critical step of making your first cybersecurity sales hire. 2021-10-03. CTECH - www.calcalistech.com.
  4. Web site: 2022-05-10 . YL Ventures announces $400 million fifth fund, the largest Seed stage cybersecurity-focused fund ever raised . 2024-07-11 . ctech . en.
  5. Web site: 16 June 2021. Ryan Gurney joins YL Ventures as CISO-in-Residence. Security Magazine.
  6. Web site: Ryan Gurney, Ex-Googler, Joins YL Ventures as CISO-in-Residence. 2021-11-10. finance.yahoo.com. en-US.
  7. Web site: YL Ventures closes $75 million fund to bring Israeli startups to the US. Tech Crunch.
  8. Web site: FinSMEs. 2019-10-29. YL Ventures Adds Roger Hale as CISO-in-Residence. 2021-09-30. FinSMEs. en-US.
  9. Web site: Orbach. Meir. 2019-10-29. Cybersecurity Veteran Roger Hale Joins Venture Capital Firm YL Ventures. 2021-09-30. CTECH - www.calcalistech.com.
  10. Web site: FinSMEs. 2020-04-08. Sounil Yu Joins YL Ventures as CISO-in-Residence. 2021-09-30. FinSMEs. en-US.
  11. Web site: CTech. 2021-06-15. Ryan Gurney, ex-Googler, joins YL Ventures as CISO-in-Residence. 2021-09-30. CTECH - www.calcalistech.com.
  12. https://www.calcalistech.com/ctechnews/article/rkhmbqqis
  13. https://pitchbook.com/news/reports/2022-pitchbook-global-manager-performance-score-league-tables<nowiki/>{{Dead url|date=July 2024}}
  14. Web site: Orbach. Meir. 2021-03-09. YL Ventures makes massive profit selling holdings in cybersecurity startup Axonius for $270 million. 2021-03-18. CTECH - www.calcalistech.com.
  15. Web site: 2021-03-15. YL Ventures didn't wait for the IPO, and sold stake in Israeli Unicorn. 2021-03-18. Geektime. en.
  16. Web site: YL Ventures closes $75 million fund to bring Israeli startups to the US. 2021-03-18. TechCrunch. en-US.
  17. Web site: Loizos . Connie . 2022-05-12 . YL Ventures specializes in seed-stage cybersecurity investments . 2024-07-11 . TechCrunch . en-US.
  18. Web site: 2023-06-08 . Cyber unicorn Snyk acquiring Israeli startup Enso Security for over $50 million . 2024-07-11 . ctech . en.
  19. Web site: Okta acquiring cybersecurity startup Spera for over $100 million.
  20. Web site: Claroty Buys Startup Medigate, Raises $400M From SoftBank.
  21. Web site: Elastic acquires build.security for security policy definition and enforcement. 2021-09-13. TechCrunch. en-US.
  22. Web site: Palo Alto Networks to acquire container security startup Twistlock for $410M. 2021-01-25. TechCrunch. en-US.
  23. Web site: Leitersdorf. Yoav. 2018-09-30. Why Flipkart Is Acquiring Israel-based Upstream Commerce. 2021-01-25. CTECH - www.calcalistech.com.
  24. Web site: Microsoft to buy Israeli security firm Hexadite, sources say for $100M. 2021-01-25. TechCrunch. en-US.
  25. Web site: Radware Acquires Threat Detection firm Seculert SecurityWeek.Com. 2021-01-25. www.securityweek.com.
  26. News: 2016-10-21. Proofpoint buys cloud security co FireLayers. en. Globes. 2021-01-25.
  27. Web site: CA Technologies to acquire Israeli startup BlazeMeter for $90 million. 2021-01-25. Haaretz.com. en.
  28. Web site: Limelight Buys Web And Application Acceleration Technology Startup AcceloWeb. 2021-01-25. TechCrunch. en-US.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "YL Ventures".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.