TBD VC, a new early-stage venture capital firm, has announced a $35 million fund to back deep tech Israeli founders at the pre-seed and seed stages, both in Israel and around the globe.
The fund launch comes amid a new wave of breakout Israeli tech stories, including Wiz’s recent $32 billion acquisition by Google and Next Insurance’s $2.6 billion exit — reinforcing the country’s strength in building successful tech companies.
Yet, according to TBD founders David Citron and Alan Buch, the earliest stages of company formation remain underserved.
TBD is actively investing and expects to back about 20 companies from this fund with a sector agnostic focus, however double-clicking in enterprise AI, cloud infrastructure, cybersecurity, and software enabled defense-tech.
TBD will lead pre-seed rounds with roughly $1 million checks and occasionally participate in seed rounds alongside other investors. The fund’s LP base includes institutional investors, family offices, and successful technology entrepreneurs, and the firm is already actively deploying capital.
“We’re not looking for momentum rounds or hype cycles — we’re here for the deeply technical founders building real companies from day one,” said Citron, who is based in Tel Aviv. “That’s where value is created, and conviction matters most.”
Citron brings over a decade of VC experience with international VCs, most notably with Rocket Internet, where he focused on pre-seed investing in Israeli startups for the German giant. Over his career, Citron invested in dozens of Israeli startups across cybersecurity, infrastructure, enterprise software and consumer apps.
His investments included CyberX (acquired by Microsoft), WalkMe, Voca.ai (acquired by Snap), Flow Security (acquired by Crowdstrike), Frontegg, Faye, Board …