Work with a partner that matters
We're a Silicon Valley-based VC firm scaling mid-stage startups with hands-on operator expertise
Work with a partner that matters
We're a Silicon Valley-based VC firm scaling mid-stage startups with hands-on operator expertise
Work with a partner that matters
We're a Silicon Valley-based VC firm scaling mid-stage startups with hands-on operator expertise
We’ve invested in
About Us
Intelligence-Driven Team
We built R136 differently. We’ve spent 10+ years engineering a proprietary “Discovery Engine” to identify identifiable inflection points. This systematic approach allows us to recognize elite founders and market shifts before they reach consensus.
While most VCs offer capital and connections, we bring something rarer – battle-tested operating experience playbook from scaling 20,000+ person organizations, exiting 13 companies, and building 5 unicorns.
Portfolio Investments
40+
40+
40+
Portfolio Exits
10+
10+
10+
Portfolio Unicorns
6
6
6
At R136, we don’t just evaluate scale - we’ve lived it, several times. That's the difference between theory and experience. How to scale a tech team, sell to large enterprises, cut costs, or prepare for a new raise - we've been thought it all.
Victor Orlovski
Founding Partner
At R136, we don’t just evaluate scale - we’ve lived it, several times. That's the difference between theory and experience. How to scale a tech team, sell to large enterprises, cut costs, or prepare for a new raise - we've been thought it all.
Victor Orlovski
Founding Partner
At R136, we don’t just evaluate scale - we’ve lived it, several times. That's the difference between theory and experience. How to scale a tech team, sell to large enterprises, cut costs, or prepare for a new raise - we've been thought it all.
Victor Orlovski
Founding Partner
Founders
Who Think Differently
Founders
Who Think Differently
Our 40+ portfolio companies challenge conventional thinking in B2B tech, fintech, and AI. We back founders who see opportunities others miss and have the courage to pursue them.
Full Portfolio
The global payments and financial platform for growing businesses
The global payments and financial platform for growing businesses
FinTech
FinTech
Singapore
Singapore
Portfolio
Portfolio
Deep-learning platform for building next-generation AI systems
Deep-learning platform for building next-generation AI systems
AI Ops
AI Ops
Israel
Israel
Acquired
Acquired
Provider of a social trading and investing platform
Provider of a social trading and investing platform
FinTech
FinTech
Israel
Israel
IPO
IPO
Insurance comparison marketplace for auto, home, and life policies
Insurance comparison marketplace for auto, home, and life policies
InsurTech
InsurTech
US
US
Portfolio
Portfolio
Global platform for ride-hailing, food delivery, and freight services
Global platform for ride-hailing, food delivery, and freight services
MobilityTech
MobilityTech
US
US
IPO
IPO
Investing
With Conviction
Investing
With Conviction
We focus on the critical inflection point where execution matters as much as great products, and we invest across any combination of these stages, geographies, and ownership targets.
Geographies
Core markets: The US, Israel
Other markets: Europe, Latam, Middle east for emerging opportunities
Key Focus Area
Enterprise & B2B SAAS
HR, Marketing
Mobility & Logistics
Fintech
Edutech
B2B Ecommerce & Marketplaces
AI/ML Enablers
Workflow Automation
Data & Analytics
Cybersecurity
Investment Stage
Mid stage (Late Series A - Series B)
Growth stage (Series C+)
Investment Size
Mid stage investment of $2M-10M
Growth stage investment of $10M-20M
Geographies
Core markets: The US, Israel
Other markets: Europe, Latam, Middle east for emerging opportunities
Key Focus Area
Enterprise & B2B SAAS
HR, Marketing
Mobility & Logistics
Fintech
Edutech
B2B Ecommerce & Marketplaces
AI/ML Enablers
Workflow Automation
Data & Analytics
Cybersecurity
Investment Stage
Mid stage (Late Series A - Series B)
Growth stage (Series C+)
Investment Size
Mid stage investment of $2M-10M
Growth stage investment of $10M-20M
The Unfair Advantage We Bring
We don't just write checks — we roll up our sleeves with proven frameworks, deep expertise, and actionable insights to help you win
Commitment
We act as an active partner throughout the company lifecycle, providing expertise in GTM, product strategy, org design, hiring, and financial planning. We deliver market intelligence, support founder decisions, and offer operational guidance whenever needed.
Research Framework
The R136 Research Framework™ provides deep, structured market intelligence. Our internal team maps value chains, evaluates sector economics, analyzes competitors, and identifies emerging tech trends — uncovering high-potential opportunities early.
Scale & Partners
We connect startups with the right clients, partners, and investors. Our team of 14 has supported 20+ enterprise clients, secured Tier-1 partnerships, facilitated $300M+ in external funding, and recruited top talent across product, engineering, and operations to scale effectively.
Sourcing Framework
The R136 Sourcing Framework™ blends data-driven discovery with targeted founder outreach. We identify exceptional teams before fundraising, using structured industry mapping and signal tracking, giving us access to unique, pre-competitive opportunities.
Local Presence
With hubs in Silicon Valley, Israel, UAE, Central Asia and Europe, we combine local insight with global reach. We help founders navigate regulatory nuances, competitive landscapes, and first business development engagements to enter new markets efficiently and successfully.
Validation Framework
The R136 Validation Framework™ runs full-spectrum diligence: founders, board dynamics, GTM, financials, product, and tech. This operationally informed analysis reduces risk, accelerates post-investment execution, and ensures long-term value creation.
Commitment
We act as an active partner throughout the company lifecycle, providing expertise in GTM, product strategy, org design, hiring, and financial planning. We deliver market intelligence, support founder decisions, and offer operational guidance whenever needed.
Scale & Partners
We connect startups with the right clients, partners, and investors. Our team of 14 has supported 20+ enterprise clients, secured Tier-1 partnerships, facilitated $300M+ in external funding, and recruited top talent across product, engineering, and operations to scale effectively.
Local Presence
With hubs in Silicon Valley, Israel, UAE, Central Asia and Europe, we combine local insight with global reach. We help founders navigate regulatory nuances, competitive landscapes, and first business development engagements to enter new markets efficiently and successfully.
Research Framework
The R136 Research Framework™ provides deep, structured market intelligence. Our internal team maps value chains, evaluates sector economics, analyzes competitors, and identifies emerging tech trends — uncovering high-potential opportunities early.
Sourcing Framework
The R136 Sourcing Framework™ blends data-driven discovery with targeted founder outreach. We identify exceptional teams before fundraising, using structured industry mapping and signal tracking, giving us access to unique, pre-competitive opportunities.
Validation Framework
The R136 Validation Framework™ runs full-spectrum diligence: founders, board dynamics, GTM, financials, product, and tech. This operationally informed analysis reduces risk, accelerates post-investment execution, and ensures long-term value creation.
Commitment
We act as an active partner throughout the company lifecycle, providing expertise in GTM, product strategy, org design, hiring, and financial planning. We deliver market intelligence, support founder decisions, and offer operational guidance whenever needed.
Local Presence
With hubs in Silicon Valley, Israel, UAE, Central Asia and Europe, we combine local insight with global reach. We help founders navigate regulatory nuances, competitive landscapes, and first business development engagements to enter new markets efficiently and successfully.
Sourcing Framework
The R136 Sourcing Framework™ blends data-driven discovery with targeted founder outreach. We identify exceptional teams before fundraising, using structured industry mapping and signal tracking, giving us access to unique, pre-competitive opportunities.
Scale & Partners
We connect startups with the right clients, partners, and investors. Our team of 14 has supported 20+ enterprise clients, secured Tier-1 partnerships, facilitated $300M+ in external funding, and recruited top talent across product, engineering, and operations to scale effectively.
Research Framework
The R136 Research Framework™ provides deep, structured market intelligence. Our internal team maps value chains, evaluates sector economics, analyzes competitors, and identifies emerging tech trends — uncovering high-potential opportunities early.
Validation Framework
The R136 Validation Framework™ runs full-spectrum diligence: founders, board dynamics, GTM, financials, product, and tech. This operationally informed analysis reduces risk, accelerates post-investment execution, and ensures long-term value creation.
Your Partners
For Growth
Your Partners
For Growth
R136 is led by a team of partners who possess unique expertise and experience in building and operating some of the largest companies in the world.
Let Our Founders
Speak For Us
Behind every great company is a partner who sees potential before it’s obvious. Hear from the founders who scaled with R136 by their side.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Liad Agmon
Founder and CEO of Dynamic Yield
Acquired
The investment was made in 2018 after a swift and streamlined process: Victor quickly grasped our distinctive value proposition, solution, and market potential, expressing enthusiasm to become an investor. We valued Victor's introductions to strategic opportunities, optimistic outlook on our expansion plans, and unwavering support for our company. Anticipating the opportunity to collaborate once more in the times ahead.
Matt Humphrey
Founder of Kiavi (LendingHome)
You have been an remarkable ally to LendingHome, offering much more than just financial support. Your expertise in scaling both technology and entire organizations has been invaluable. Your strategic connections accelerated our business forward in a number of unique ways. And your team is always there on a moment's notice when we need help. We are a better company for having partnered with you and would vigorously recommend your partnership to any founder globally.
Peter Smith
Founder and CEO of Blockchain.com
R136 Ventures has been an invaluable partner throughout Blockchain.com's journey. Their expertise and knowledge in the financial technology domain have been instrumental to our partnership, and we value their consistent support, professionalism, and collaborative approach. We look forward to deepening our partnership and eagerly anticipate achieving further milestones alongside R136 Ventures.
Mark Gazit
CEO of ThetaRay
From the beginning of our relationship five years ago, you’ve been not only an investor, but a trusted advisor and strategic partner. Guidance, supported by a blend of industry expertise, business acumen and forward-thinking approach, helped us navigate the unpredictable landscape of tech space. I greatly appreciate your faith in our vision, product, technology and potential to bring more value to the field despite all the difficulties on the way.
Kaan Gunay
Co-Founder and CEO of Firefly
Since your first investment in 2019, you have been a strong supporter throughout our journey. Our collaboration has been more than just a business transaction, your strategic insights and valuable introductions have played an important role in our growth and helped us reach significant milestones. I am truly grateful that you saw immense potential in us, your backing ensured our steady progression amidst all the challenges.
Shahar Fogel
CEO of Rookout
Acquired
Choosing them as our lead investor in tough market conditions proved to be pivotal for us. From the onset, they’ve shown an extraordinary commitment and founder-friendly approach. A proactive position, wealth of experience and readiness to spend time and resources significantly propelled our progress. If a founder is seeking added value from investors, he/she should definitely approach them. It has resulted in the successful acquisition of the company through which they provided every support and guidance required.
Yonatan Geifman
Co-Founder and CEO of Deci.ai
Despite our relatively short cooperation, they’ve proven to be a trusted partner, who backed us again in a period of market turbulence and heightened uncertainty. Apart from financial support they provided us with a wide network that brought new opportunities to expand our pipeline, and contributed immensely to our strategic decision-making processes.
Field Notes From
Growth‑Stage Trenches
Raw insights from the trenches of scaling companies.
No fluff, no theory – just what actually works.
Raw insights from the trenches of scaling companies. No fluff, no theory – just what actually works.
See More
Victor Orlovski
Feb 11, 2026
What AI Actually Changes About Venture Capital (and What It Doesn't)
A few years ago, a strong seed-stage company had five engineers and a working prototype. Today I see solo founders with shipped products, paying customers, and no employees. Building got cheaper overnight but a lot of funds still operate like it didn’t.
Victor Orlovski
Feb 16, 2026
$2B for 20 people and zero revenue. Welcome to the era of neo labs.
Ilya Sutskever's SSI raised $2B at a $32B valuation. Around 20 employees and zero revenue. Mira Murati's Thinking Machines Lab closed a $2B seed at $12B, now reportedly in talks at $50B. Didn't have a product when they raised.
Pavel Prata
Feb 10, 2026
2026 VC Predictions Market Map
Starting in December 2025 and continuing into early 2026, I began to notice how deeply the market had slipped into what I’d call “prediction mode” – a state where almost everyone felt compelled to publicly articulate their version of the future, even when that future was still highly uncertain.
Pavel Prata
Feb 17, 2026
What are the main challenges for LPs in VC?
I’ve been hearing this from LPs a lot: on paper VC is our “growth engine”. But in practice the real pain today is basic – access, selection, and cashflows have fused into one problem, not three separate ones.
Denis Efremov
Dec 30, 2025
Just read now what are AI valuation premiums these days in the Bay Area
In other words, how much is difference in valuations between AI startups and non-AI startups. Interestingly that the premium still grows as soon as AI company matures - from roughly 1.5x to 2x.
R136 Ventures
Jan 30, 2026
January 2026 Portfolio Recap 📊
2026 is off to a strong start! Our portfolio companies are already sharing big updates, from product launches to geographic expansion.
Forbes
Jan 7, 2026
Why General-Purpose AI Coding Tools Are Losing Ground
The annual recurring revenue (ARR) numbers for AI coding tools look like a rocket ship. Cursor hit $500 million ARR, and Lovable went from $17 million in February to $75 million by July. On paper, this looks like unstoppable momentum.
The AI Inflection: Key Highlights and Trends for 2026
November 18, 2025 // 9 AM – 11 AM (PST)
Denis Efremov
Feb 12, 2026
Europe Creates More Founders Than the US
Curious whether VCs fail at providing value? This data comes from the 2025 State of European Tech report by Atomico. Atomico regularly asks founders what value investors provide to startups.
Victor Orlovski
Feb 11, 2026
What AI Actually Changes About Venture Capital (and What It Doesn't)
A few years ago, a strong seed-stage company had five engineers and a working prototype. Today I see solo founders with shipped products, paying customers, and no employees. Building got cheaper overnight but a lot of funds still operate like it didn’t.
Victor Orlovski
Feb 16, 2026
$2B for 20 people and zero revenue. Welcome to the era of neo labs.
Ilya Sutskever's SSI raised $2B at a $32B valuation. Around 20 employees and zero revenue. Mira Murati's Thinking Machines Lab closed a $2B seed at $12B, now reportedly in talks at $50B. Didn't have a product when they raised.
Pavel Prata
Feb 10, 2026
2026 VC Predictions Market Map
Starting in December 2025 and continuing into early 2026, I began to notice how deeply the market had slipped into what I’d call “prediction mode” – a state where almost everyone felt compelled to publicly articulate their version of the future, even when that future was still highly uncertain.
Pavel Prata
Feb 17, 2026
What are the main challenges for LPs in VC?
I’ve been hearing this from LPs a lot: on paper VC is our “growth engine”. But in practice the real pain today is basic – access, selection, and cashflows have fused into one problem, not three separate ones.
Denis Efremov
Dec 30, 2025
Just read now what are AI valuation premiums these days in the Bay Area
In other words, how much is difference in valuations between AI startups and non-AI startups. Interestingly that the premium still grows as soon as AI company matures - from roughly 1.5x to 2x.
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Silicon Valley
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37 Menachem Begin Rd. Rubinstein House
Tel Aviv 6522042
Dubai
Dubai Silicon Oasis, DDP, Building A2 IFZA
Business Park Dubai, U.A.E.
© 2025 All rights reserved.
Silicon Valley
2925 Woodside Rd,
Woodside, CA 94062
Tel Aviv
37 Menachem Begin Rd. Rubinstein House
Tel Aviv 6522042
Dubai
Dubai Silicon Oasis, DDP, Building A2 IFZA
Business Park Dubai, U.A.E.