Team8 secures $365 million to expand its investments in AI-native enterprise startups across cybersecurity, fintech, and digital health, while maintaining a cautious approach with follow-on reserves.
Team8 has raised $365 million in new capital, marking another sizeable step for the venture firm as it deepens its bet on AI-driven enterprise start-ups. According to the company, the money is split between $265 million for Team8 Capital III and more than $100 million in follow-on reserves, with the latter set aside for later rounds in existing portfolio companies rather than a separate new fund.
The raise lifts Team8’s assets under management to nearly $2 billion across eight funds since it was founded in 2014. The latest vehicle is aimed at seed and Series A investments in AI-native enterprise businesses across cybersecurity, software infrastructure, fintech and digital health, keeping the firm focused on the same broad technology lanes it has backed for years.
That continuity matters because Team8 has already been active in the market this year. In February, it led investment in Astelia, a cybersecurity platform founded by former leaders of Israel’s National Red Team, in a $35 million seed-and-Series A round. In May, it also backed Tribal, an Israeli start-up developing AI agents for business operations, with a $10 million seed round. Those deals suggest the firm is continuing to push into the parts of enterprise software where artificial intelligence is being folded directly into security and workflow tools.
Team8’s scale has also grown alongside a longer track record. VentureBeat reported in March 2024 that the firm had raised $500 million in new funds, lifted assets under management to more than $1 billion, and by then had built 20 companies, invested in 21 others and recorded eight exits. The new raise points to a more mature platform, but the split between fresh capital and reserves also shows a cautious pacing approach: more money is being held back for follow-on support of companies already in the portfolio.
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