TLV Partners

Co-founders Eitan Bek and Rona Segev serve as Managing Partners and make all investment decisions jointly. The firm operates without a traditional investment committee structure — the two partners approve every deal. Each partner maintains board roles with portfolio companies, and neither delegates lead investment responsibility to junior team members.

TLV Partners operates as a venture capital firm, not a family office. The firm raises capital from institutional limited partners including endowments, foundations, and fund-of-funds. It does not manage a single-family's wealth. The structure follows the standard venture fund model with 10-year fund lives and carried interest economics.

The firm invests primarily in Israeli-founded companies, though portfolio companies are expected to have global ambitions from the start. TLV Partners commonly supports founders in establishing US operations, particularly in New York and San Francisco, but the initial investment is almost always in an Israeli-headquartered entity. The firm does not have a dedicated ex-Israel fund or mandate.

Initial checks typically range from $1 million to $10 million, with significant reserves held for follow-on investments across subsequent rounds. The firm is willing to lead or co-lead Seed and Series A rounds. TLV Partners does not participate in opportunistic later-stage deals or growth equity rounds outside of pro-rata follow-on activity in existing portfolio companies.

Seed and Series A are the firm's exclusive focus. TLV Partners occasionally invests at pre-seed in situations where the founders are known to the partnership, but these are exceptions. The firm does not pursue growth-stage, buyout, or secondary transactions. This stage discipline is central to the firm's pitch to both founders and LPs.

The most significant structural difference is concentration. TLV Partners typically makes fewer than 20 new investments per fund, while many Israeli peers at similar scale invest in 30 to 40 companies. The firm argues this allows deeper engagement with each portfolio company, though it also means the partnership must generate high hit rates to deliver competitive fund-level returns.

The firm will co-invest with other venture firms on a deal-by-deal basis and has done so with US-based funds and other Israeli investors. However, TLV Partners does not operate a formal co-investment program or LP co-investment vehicle. The partnership prefers to lead rounds and set terms when committing to a new portfolio company.