Investor Profile: Grove Ventures — Thesis, Cheque Size & How to Apply

Grove Ventures is a Tel Aviv-based early-stage venture capital firm that backs Israeli founders building what it calls the Deep Future: the infrastructure behind tomorrow's technologies. Founded in 2016, it invests mainly at pre-seed and seed and is led by operators who have built hardware and software companies. For founders asking about Grove Ventures funding, the pitch is early, technical and hands-on, with a team that claims to understand hard technology from the inside.

Investment thesis

Grove Ventures invests in hard-to-replicate solutions at the intersection of technology, science and real market need, with edge computing, cloud and artificial intelligence creating new opportunities across sectors. Deep Future means infrastructure rather than consumer apps.

Sectors and stages

The firm invests primarily at pre-seed and seed, with follow-on support through Series A and beyond. Its current focus areas include enterprise AI and vertical AI, AI infrastructure and compute, semiconductors, physical AI, healthtech and energy.

Fund size and cheque size

Grove Ventures reported more than $500 million under management in recent coverage, and its own 2022 ESG report put assets under management at $514 million. Its funds included Grove I at $110 million, Grove II at $123 million, Grove III at $185 million, closed in January 2022, and a $56 million opportunity vehicle. A third-party database records cheques from $500,000 to $5 million, but no current range is published.

Notable portfolio

Its portfolio includes Wiliot, the battery-free sensing company, RapidAPI, the API marketplace, Navina, the AI assistant for clinicians, env0, Lumigo, TriEye, NeuroBlade and CommonGround-AI. Recent activity includes NoTraffic, OneLayer and Limitless Labs.

Partners

Dov Moran is managing partner and founder of M-Systems, inventor of the USB flash drive, whose company was sold to SanDisk for more than $1.6 billion. Lior Handelsman is a general partner and co-founder of SolarEdge, Renana Ashkenazi is a general partner and former Applied Materials product leader, and Lotan Levkowitz is a general partner.

Programs, credits and perks

Grove Ventures does not run a public accelerator or publish a startup credits programme. Its stated support includes access to further funding, help with human resources and management recruitment, marketing and sales, and connections to enterprises and industry experts.

How to apply for funding

Grove Ventures does not operate a public application portal, so founders typically approach through its website contact route or a warm introduction from a portfolio founder, co-investor or Israeli ecosystem contact. For founders asking how to get funding from Grove Ventures, lead with the technical moat: what is hard to replicate, why now, and what early evidence exists, whether a pilot, a design win or a working prototype. Enterprise AI founders should be ready to discuss deployment, not just a model, since customer implementation is where the firm says it can help most.