TBD VC, a newly launched early-stage venture capital firm, has introduced a $35 million fund aimed at supporting Israeli deep tech founders at the pre-seed and seed levels, both within Israel and internationally.
The launch of the fund coincides with a surge of high-profile Israeli tech successes — such as Google’s $32 billion acquisition of Wiz and the $2.6 billion exit of Next Insurance — underscoring Israel’s growing reputation for producing world-class tech ventures.
Despite the momentum in Israeli tech, TBD VC founders David Citron and Alan Buch believe that the earliest stages of startup formation still lack sufficient support.
The firm is currently making investments and plans to back around 20 startups through this fund. While TBD maintains a sector-agnostic approach, it places a strong emphasis on areas like enterprise AI, cloud infrastructure, cybersecurity, and software-driven defense technology.
TBD intends to lead pre-seed rounds with investments of approximately $1 million, and will occasionally join seed rounds alongside other investors. Its limited partners include institutional backers, family offices, and accomplished tech entrepreneurs, and the firm is already actively deploying its capital.
“We’re not looking for momentum rounds or hype cycles — we’re here for the deeply technical founders building real companies from day one,” said Citron, who is based in Tel Aviv. “That’s where value is created, and conviction matters most.”
David Citron brings more than ten years of venture capital experience, having worked with global firms including Rocket Internet, where he led pre-seed investments in Israeli startups for the German company. Throughout his career, he has backed numerous Israeli ventures spanning cybersecurity, infrastructure, enterprise software, and consumer applications.
His investment portfolio features notable names such as CyberX (acquired by Microsoft), Voca.ai (acquired by Snap), WalkMe, Flow Security (acquired by CrowdStrike), Frontegg, Faye, Boards.com, Eon.io — often referred to as Israel’s “next Wiz” — as well as Upwind and PointFive.
“We’re not trying to be everything to everyone,” Citron added. “We are pre-seed specialists, first time founder-first, and relentlessly execution driven.”
“Enterprise and cybersecurity is a large chunk of the deal flow in Israel,” Citron further added. “I’ve been an early stage investor, but I really became passionate about pre-seed when I was working with Rocket Internet, which assigned me to do pre-seed in the Israeli ecosystem. That was amazing. Before that, there were no pre-seed investors in Israel.”
Citron’s cofounder, Alan Buch, leads from New York and brings a global wealth and alternative investment management perspective.
“Startups and racing have more in common than you’d expect,” said Buch, in a statement. “It’s all about strategy, timing, instinct—and knowing exactly when to push.”
Alongside its general partners based in both the U.S. and Israel who bring extensive early-stage experience, TBD VC offers its portfolio companies access to a global network of over 45 venture partners. This group includes senior leaders from companies like GitHub, American Express, Epic Games, and Netflix, who actively support founders in refining product development and go-to-market strategies — all with the goal of accelerating their path to commercialization.
“Israel is still the best place to find technical founders,” said Citron. “But the next generation is global — and we’re building a firm that meets them where they are.”
“Early-stage Israeli founders don’t need tourists — they need operators who move fast, build trust, and unlock opportunity,” Buch added. “TBD is built for that.”
This marks David Citron’s second fund, following his first $35 million fund, which has already delivered strong results — generating a 2x return to date. Notable investments from the earlier fund include Upwind.io, Pointfive.co, and Eon.io. However, Citron noted that investments from the new fund have not yet been publicly disclosed.
“With the latest acquisitions, everybody’s talking about how Israel is bigger and better than ever. At the pre-seed level, being the first check into a startup is super exciting,” Citron said. “We hope this will be a big moment for Israeli enterprise startups.”
With a proven track record, a global network of strategic partners, and a clear focus on supporting deep tech innovation from the earliest stages, TBD VC is positioning itself as a key player in the Israeli startup ecosystem. As the firm begins deploying its second $35 million fund, all eyes will be on the next generation of breakthrough companies it helps bring to life.
