Merlin Ventures Fund I

Israel
Pre Seed
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About Merlin Ventures Fund I

Merlin Ventures Fund I is a venture capital firm based in Israel, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionIsrael
Funding StagePre Seed
Industry Focus
Saas

Investor Signals Profile

active

Sweet Spot

Cybersecurity founders with strong CISO-facing product

cybersecurity
enterprise-security
CISO-network
cutting-edge-infosec
founder-security-leader-community

Bullish Signals

Active CISO community events, Boston & NYexternal
Hands-on founder-CISO deal sourcingexternal
Ongoing multi-city roadshow, high engagementlinkedin
Holland & Knight LLP hosting — legal credibilitylinkedin
Boston + NY roadshow completed, 81 reactionslinkedin

Contrarian Signals

Niche focus: cybersecurity onlyexternal

Founder Do's

Build for CISOs / senior security buyers
Show real-world incident response value
Engage with practitioner community early
Attend Merlin roadshow / in-person events
Connect directly with security leaders via fund network

Founder Don'ts

Avoid generic security pitches
Don't ignore enterprise buyer validation
Don't skip community relationship-building

Key GPs & Partners

SS
Seth Spergel
Partner
cybersecurity-focusedcommunity-builderpractitioner-connected
TL
Tav Spector Levi
Partner
cybersecurity-focusedcommunity-builder
RM
Rachel Mitchell
Partner
cybersecurity-focusedcommunity-builder
AI
Adrianna Iadarola
Team
community-builderevent-organizer

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Fund Overview

Fund Size$75M
Saves0

Key People

Shay Michel, Seth Spergel

Seth SpergelPartner
Tav Spector LeviPartner
Rachel MitchellPartner
Adrianna IadarolaTeam

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