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Kli Capital VC launches $50M fund III

This new fund will continue the firm’s strategy of investing in early-stage companies across four categories that tap into the firm’s family office roots — and now LP network — including insurance, fintech, health tech and e-commerce, an area Davis said the firm is particularly excited about. Micha Breakstone, the founder of heath tech company NeuraLight, said that Davis invested in NeuraLight’s seed round and helped them structure the round after one of the investors had backed out. Kli set out to raise four months ago in what analysts have predicted would be a particularly tough time to go to market, but good timing is part of the firm’s DNA — founder Gniwisch sold and repurchased Ice.com before both the dot-com bubble burst and before the financial crisis in 2008. Kli, launched by dot-com darling Ice.com founder Shmuel Gniwisch, had been cutting checks for two years when Davis arrived, and its casual investing strategy was starting to produce wins.