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TLV Partners

TLV Partners is a Tel Aviv-based early-stage VC founded 2016, with ~$850M AUM across four funds. TLV IV $250M (2022 vintage).

Stage Pre-Seed → Series A
Ticket $4.0M - $8.0M
Quantum focus Quantum Computing HW, Quantum Computing SW
Geography Israel

Investment thesis

TLV Partners is a Tel Aviv-based early-stage VC founded 2016, with ~$850M AUM across four funds. TLV IV $250M (2022 vintage). Invests Seed to Series A across Israeli enterprise SaaS, cybersecurity, fintech, deep tech. Cheques $1-10M, lead or co-lead.

Quantum bet: Quantum Machines (Israeli quantum control hardware, early investor from Series A). Quantum Machines has since raised $170M total including Series C 2024 co-led by Battery Ventures with Intel Capital and Qualcomm Ventures participation.

Value-add: Israeli deep-tech operator community; 8200 IDF alumni network; strong LP relationships for Israeli founders scaling to US.

Not a quantum specialist — single early-stage bet inside a broader Israeli enterprise mandate. Relevant as Quantum Machines cap-table incumbent.

Anti-thesis

The patterns that trigger a fast no with this fund.

  1. Despite the deep tech label, the public portfolio is dominated by SaaS, devtools, and cyber (Island, Granulate, Next Insurance), a single quantum check would be an outlier with no peer companies to share learnings
  2. Fund sizes (~$250M) and Israeli seed-to-A cadence assume 5 to 7 year exits, which collides with quantum hardware timelines of 10 to 15 years to revenue
  3. No partner with a published physics or quantum-engineering background, so technical diligence is likely outsourced, slowing decisions in a field where speed against Quantonation / 2048 / Quantum Wave matters

Notable quantum portfolio

Full portfolio →
Quantum Machines

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