Greenfield Partners raises $400 million, surpassing $1 billion in assets
The venture capital firm launches its third fund and expands with a new office in New York.
Venture capital fund Greenfield Partners has raised $400 million for its third fund. The capital was secured from institutional investors in Israel, the U.S., Europe, and Asia, bringing Greenfield's total assets under management (AUM) to over $1 billion. The new fund will focus on investing in groundbreaking technology companies in the early stages of growth.
Greenfield was initially established in 2016 as a TPG Growth investment platform. The team spun out in 2020 to establish an independent fund. Alongside the new fund, Greenfield has also announced the opening of an office in New York.
The launch of Fund III follows the deployment of Fund II across 13 early growth (Series B and C) companies spanning cybersecurity, AI, IT infrastructure, data infrastructure, fintech, internet and digital media, deep tech, and enterprise SaaS. Greenfield’s portfolio includes VAST Data, recently valued at $9.1 billion, unicorns BigPanda and Capitolis, and companies such as Coralogix, Cynet, Dustphotonics, Eleos, EquityBee, Exodigo, FloLive, Mixtiles, Oligo, Panorays, Quali, Silverfort, and Torq. Earlier exits include Guardicore, acquired by Akamai for $600 million; Avanan, acquired by Check Point Software; and Planck, acquired by Applied Systems.
“Our mission is to partner with world-class teams as they transition from the controlled chaos of product-market fit iteration to a data-driven go-to-market engine that drives sustainable growth,” said Shay Grinfeld, Managing Partner. “This new capital and the opening of our New York office enable us to continue executing this mission on a global level. We’re deeply grateful to the founders and investors who trust us to generate results.”
