Angular Ventures closes first tech fund at $41m
Angular Ventures, a London-based so-called “deep tech” investment fund, has closed its inaugural seed fund.
The company, which has offices in Tel Aviv and in New York, said it had received $41m in institutional seed funding, far more than the $25m it had planned to raise initially.
Angular was set up by American Gil Dibner, who has been an active venture investor focused on enterprise technology companies born in Europe and Israel since 2005.
As a venture investor and angel, he has backed over 30 companies in Israel and across Europe.
The majority of these companies have successfully relocated to the US, and many have been backed by leading global venture firms.
His portfolio includes Aquant, BitSrc, Chorus.ai, Cloud66, Datos, Flok (acquired by Wix), Front, The Gifts Project (acquired by Ebay), Imubit, Innovid, James, JFrog, Moltin, MomentumWorks, Resin, Rollout, ServiceFriend, Siemplify, SiSense, Shoppimon, Snyk, Styla, Swiftshift, and Yedda (acquired by AOL).
Prior to founding Angular Ventures, Gil was a Partner at DFJ Esprit in London, and a Principal at Index Ventures in London, where he helped manage Index’s pan-European seed portfolio.
Previously, he was a VC in Israel at Gemini Israel Ventures and Genesis Partners, based in Tel Aviv.
The company said it’s looking for companies in the tech space “that are chasing a truly global opportunity”, adding that in “most cases, this means a focus on US market entry from day one”.