TLV Partners is a Tel Aviv venture capital firm founded in 2015 by Rona Segev and Eitan Bek, managing over $1 billion and backing AppsFlyer and Next Insurance.
TLV Partners is a Tel Aviv venture capital firm founded in 2015 by Rona Segev and Eitan Bek that manages over one billion dollars and invests four million to eight million dollars in seed and Series A rounds, according to investor research site Startup Intros. The firm has invested in 83 companies and counts six unicorns, three IPOs, and thirty acquisitions in its portfolio.
Who founded TLV Partners?
Rona Segev and Eitan Bek co-founded TLV Partners in 2015 as a Tel Aviv-based early-stage fund built around a founder-first philosophy. Segev previously backed exits including Run:ai, Varonis, Skycure, Traiana, and Oribi, according to her team page on the firm's site. She focuses on developer tools, AI, cybersecurity, and cloud computing, and has also backed Port, Aidoc, Unit, Quantum Machines, and Aqua Security.
The firm has grown to 14 people including six partners, per Tracxn's January 2026 profile. Shahar Tzafrir joined as a managing partner alongside Segev and Bek, while Adi Yarel-Toledano serves as general partner and chief financial officer, rounding out a leadership team built specifically around early-stage company building rather than later-stage financial engineering.
What is TLV Partners' investment approach?
TLV Partners invests in only 12 to 15 startups per fund, well below the 20 to 30 companies typical of comparable funds, according to fund database VC Sheet. The firm says this concentration lets it hold larger reserves and give more attention per company, an approach that shows up directly in its typical initial check size of four million to eight million dollars, larger than most seed-stage peers write on a first investment.
TLV Partners also allocates roughly 20 percent of partner time to recruiting for its portfolio companies and co-founded Enter, a program bringing Arab-Bedouin talent from southern Israel into core technology roles, according to VC Sheet's fund breakdown. The firm closed its fifth fund at 250 million dollars in 2023, continuing a pattern of successive funds that has taken its total assets under management past the one billion dollar mark.
Which companies has TLV Partners backed?
AppsFlyer, the mobile marketing analytics company, and Next Insurance, the small-business insurer, are among TLV Partners' most recognized portfolio companies, according to Tracxn's investment data. The firm's other backing includes the medical-imaging AI company Aidoc, the quantum-computing hardware maker Quantum Machines, and the security startups Oligo Security, Token Security, and Stream Security.
TLV Partners typically co-invests alongside Insight Partners, Magma Venture Partners, Emerge, Tiger Global Management, and Viola Ventures, according to investor-intelligence platform Goldilocks AI, which tracks 58 of the firm's investments. That co-investor list places TLV Partners inside the same syndicate network as several of the largest global growth funds active in Israel, a signal of the quality bar its seed-stage picks have to clear before later-stage capital follows.
How has TLV Partners' portfolio evolved through 2025 and 2026?
TLV Partners announced new investments through April 2026, including an AI and proptech deal led by Rona Segev, following a cybersecurity and generative AI investment led by partner Brian Sack in late 2025, according to the firm's own investment updates page. The pace of roughly one new disclosed investment every month through 2025 and into 2026 reflects the firm's stated discipline of 12 to 15 deals per fund rather than a slowdown in deal flow.
Partner Yonatan Mandelbaum and managing partner Shahar Tzafrir have also led rounds across revenue-focused AI and insurtech companies during this period, according to the same updates page, broadening the firm's sector coverage beyond Segev's core focus on developer tools and cybersecurity.
How does TLV Partners fit into Israel's early-stage market?
TLV Partners operates in the same seed and Series A segment as Tel Aviv's F2 Capital, though F2 Capital concentrates on deep-tech spinouts from academic and defense labs while TLV Partners spans cybersecurity, fintech, developer tools, and now proptech and insurtech. Both firms compete for allocation in the same investor syndicates that back Israel's most capital-efficient early-stage companies.
The Olam tracks both firms under its Venture & Exits coverage, alongside the broader network of growth and late-stage funds that TLV Partners' portfolio companies eventually raise from as they scale past Series A.
| Detail | TLV Partners |
|---|---|
| Founded | 2015 |
| Founders | Rona Segev and Eitan Bek |
| Headquarters | Tel Aviv |
| Assets under management | Over $1 billion |
| Check size | $4 million to $8 million |
| Stage focus | Seed, Series A |
| Deals per fund | 12 to 15 (concentrated model) |
| Portfolio size | 83 companies (Tracxn, January 2026) |
| Track record | 6 unicorns, 3 IPOs, 30 acquisitions |
| Notable portfolio | AppsFlyer, Next Insurance, Aidoc, Quantum Machines |
TLV Partners built its reputation on doing fewer deals with more attention per company, backed by initial checks larger than most seed-stage peers offer. That concentrated model, combined with a decade of exits under Rona Segev and a partner bench now covering cybersecurity, AI, proptech, and insurtech, has kept the firm among Tel Aviv's most active and closely watched early-stage investors heading into 2027.
