Thylacine Capital

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Aug 1, 2025	Capitolis	$36.0M Venture Round	—	9Yards Capital, Andreessen Horowitz, Citi Ventures, Index Ventures, S Capital VC, Spark Capital
Jul 1, 2025	Parter	$6.0M Seed	—	Brighton Park Capital, NFX, Sequoia Capital Israel, StageOne Ventures, Tau Ventures, Aaron Rosenson, Dan Adika, Guy Podjarny, kobi marenko, Moshe Lichtman, Nir Greenberg, Omer Kaplan, Yossi Matias, Ziv Kop
Jun 1, 2025	Coralogix	$120.0M Series E	—	Eight Roads Ventures, F-Prime Capital Partners, Gradient Ventures, Maccabee Ventures, Menlo Ventures, StageOne Ventures
Apr 1, 2025	Axle Health	$10.0M Series A	—	F-Prime Capital Partners, Lightbank, Pear VC, Y Combinator, Nikhil Krishnan, Ralph Gootee, 500 Emerging Europe, Ben Silbermann, Charlie Songhurst, Curated, Eight Roads Ventures, Gautam Gupta, Greylock, Joi Ito, Maccabee Ventures, Menlo Ventures, Notion Capital, Shine Capital, Teamworthy Ventures, Ulu Ventures
Jan 1, 2025	Eleos Health	$60.0M Series C	—	Alex, Alpha Edison, Bond, Drive Capital, Eight Roads Ventures, Ensemble VC, F-Prime Capital Partners, ‎GreatPoint Ventures, Hamilton Lane, Highbury Group, Erel Margalit, Yoav Tzruya, Maccabee Ventures, Menlo Ventures, Uprising, VZVC, Anne Wojcicki
May 1, 2022	Point	$120.0M Series C	—	9Yards Capital, Andreessen Horowitz, AYANA Capital LLC, Citi Ventures, Index Ventures, S Capital VC, Spark Capital, WestCap
May 1, 2022	Coralogix	$140.0M Series D	—	Brighton Park Capital, Eight Roads Ventures, F-Prime Capital Partners, Gradient Ventures, Maccabee Ventures, Menlo Ventures, StageOne Ventures, Tau Ventures, Aaron Rosenson, kobi marenko, Moshe Lichtman, Ziv Kop
May 1, 2022	Pyramid Analytics	$120.0M Series E	—	9Yards Capital, Adams Street Partners, AllegisCyber Capital, Andreessen Horowitz, CapitalG, Citi Ventures, Cyberstarts VC, Grove Ventures, H.I.G. Capital, Index Ventures, Erel Margalit, Yoav Tzruya, Jerusalem Venture Partners (JVP), K9 Ventures, M12, Menlo Ventures, Race Capital, S Capital VC, Softbank Group, Spark Capital, Ulu Ventures, Viola Ventures, Aryeh Mergi, Moshe Gaon, Steven Sinofsky, Tony Jamous
Apr 1, 2022	Remote	$300.0M Series C	—	468 Capital, 9Yards Capital, Kevin Hartz, Accel, Andreessen Horowitz, Battery Ventures, Bessemer Venture Partners, CapitalG, Citi Ventures, Cyberstarts VC, Fifth Wall, Fika Ventures, First Round Capital, Foundation Capital, F-Prime Capital Partners, Index Ventures, Innovation Endeavors, Inventus Capital Partners, Lightspeed Venture Partners, Matrix Partners India, Moving Capital, Mucker Capital, Jeff Richards, Octopus Ventures, Paradigm, Redpoint Ventures, Ribbit Capital, Root Ventures, S Capital VC, Sequoia Capital, SNR, SoftBank Investment Advisers, Spark Capital, Tucker Seed Fund LLC, Two Sigma Ventures, Verified Capital, WestCap, Ameet Patel, Azeem Azhar, Elliott Cohen, Eric Wu, Grant Miller, Larry Summers, Mandeep Singh, Manish Chandra, Mike Hudack, Oscar Pierre, Sam Corcos, Sarah Friar, TJ Parker
Apr 1, 2022	Eleos Health	$20.0M Series A	—	Eight Roads Ventures, F-Prime Capital Partners, Highbury Group, Maccabee Ventures, Menlo Ventures, Uprising, VZVC
Mar 1, 2022	Run:AI	$75.0M Series C	—	Accel, Ankur Capital, Battery Ventures, Cedar Capital Group, Insight Partners, Mango Capital, Matrix Partners India, Mayfield, Sequoia Capital Israel, Telescope Partners, Abrahami Avishai, Ziv Kop
Mar 1, 2022	Capitolis	$110.0M Series D	—	9Yards Capital, Andreessen Horowitz, Aya, Citi Ventures, Electric Capital, foobar.vc, FTX Ventures, Index Ventures, Kleiner Perkins, Pitango Venture Capital, S Capital VC, SciFi VC, Spark Capital, Tiger Global Management, Visionaries Club, Chris Murphy, Christian Reber, Dylan Field, Jens Christensen
Nov 1, 2021	Workiz	$40.0M Series C	—	11.2 Capital, Bloomberg Beta, Brighton Park Capital, Cervin Ventures, Chemistry VC, Felicis Ventures, Heavybit, Insight Partners, Lead Edge Capital, Magenta Venture Partners, StageOne Ventures, Tau Ventures, Threshold Ventures, Uncork Capital, Vertex Ventures, Erik Eccles, kobi marenko, Moshe Lichtman, Ziv Kop
Jul 1, 2021	Remote	$150.0M Series B	—	2048 Ventures, 468 Capital, 9Yards Capital, Accel, Andreessen Horowitz, CapitalG, Citi Ventures, Cyberstarts VC, Day One Ventures, Eigenspace, Foundation Capital, Golden Ventures, Index Ventures, Innovation Endeavors, Lerer Hippeau, Lightspeed Venture Partners, M13, Multicoin Capital, Paradigm, Redpoint Ventures, Ribbit Capital, Root Ventures, S Capital VC, Sequoia Capital, SNR, Spark Capital, Staircase Ventures, Trajectory Ventures, Tucker Seed Fund LLC, Two Sigma Ventures, Verified Capital, Ameet Patel, Grant Miller, Tobias Lutke, Tom Williams
Jul 1, 2021	Coralogix	$55.0M Series C	—	Eight Roads Ventures, F-Prime Capital Partners, Gradient Ventures, Insight Partners, Maccabee Ventures, Menlo Ventures, Next47, StageOne Ventures, Tau Ventures, Viola Ventures, Alex Kayyal, Shmuel Harlap, Ziv Kop
Mar 1, 2021	Capitolis	$90.0M Series C	—	9Yards Capital, Andreessen Horowitz, Aya, Citi Ventures, Electric Capital, foobar.vc, FTX Ventures, Index Ventures, Kleiner Perkins, Pitango Venture Capital, S Capital VC, SciFi VC, Spark Capital, Tiger Global Management, Visionaries Club, Chris Murphy, Christian Reber, Dylan Field, Jens Christensen
Mar 1, 2021	SCADAfence	$12.0M Series B	—	Hamilton Lane, Erel Margalit, Yoav Tzruya, Jerusalem Venture Partners (JVP)
Feb 1, 2021	Centrical	$32.0M Series C	—	BMW i Ventures, Canvas Ventures, Neotribe Ventures, NewView Capital, TeClub, WestWave Capital, Aleph VC, Hamilton Lane, Jerusalem Venture Partners (JVP), Yoav Tzruya
Feb 1, 2021	Workiz	$13.0M Series B	—	Brighton Park Capital, Magenta Venture Partners, StageOne Ventures, Tau Ventures, kobi marenko, Moshe Lichtman, Ziv Kop
Jan 1, 2021	Quali	$54.0M Series D	—	Battery Ventures, Bessemer Venture Partners, Connecticut Innovations, Hamilton Lane, Insight Partners, Erel Margalit, Yoav Tzruya, Jerusalem Venture Partners (JVP), Mango Capital, Mayfield, National Grid Partners, Sequoia Capital Israel
Jan 1, 2021	Run:AI	$30.0M Series B	—	Accel, Ankur Capital, Battery Ventures, Cedar Capital Group, Insight Partners, Mango Capital, Matrix Partners India, Mayfield, Sequoia Capital Israel, Telescope Partners, Abrahami Avishai, Ziv Kop
Oct 1, 2020	Remote	$35.0M Series A	—	468 Capital, 9Yards Capital, Kevin Hartz, A* Capital (A Star Capital), AME Cloud Ventures, Andreessen Horowitz, AngelList, Jana Messerschmidt, Base Partners, CapitalG, Citi Ventures, Curie.Bio, Cyberstarts VC, Daybreak Partners, Defy Partners, Floodgate, Forerunner Ventures, Founders Fund, Future Shape, General Catalyst, GSV Acceleration, David Krane, Hanabi Capital, Hardware Club, Heroic Ventures, Homebrew, Human Capital, Index Ventures, Inspired Capital, Menlo Ventures, Operator Partners, Paradigm, Pareto Holdings, Precursor Ventures, Prototype Capital, Redpoint Ventures, Ribbit Capital, Root Ventures, RTP Global, S Capital VC, Sequoia Capital, Sherpalo Ventures, Smash Capital, SoftBank Investment Advisers, Softbank Latin America Fund, Spark Capital, The Hit Forge, TQ Ventures, Two Sigma Ventures, Verified Capital, Vine Ventures LP, Visionaire Ventures, Wollef Ventures, WorkLife Ventures, Ameet Patel, Biz Stone, Eric Ries, Gokul Rajaram, Grant Miller, Henry Kravis, Jared Leto, Mike Krieger, Phil Libin, Sahin Boydas, Stanley Druckenmiller, Steve Stoute, Troy Carter
Jun 1, 2020	Zerto	$33.0M Series F	—	83North, Battery Ventures, CRV, Harrison Metal, Index Ventures, Insight Partners, IVP, Mango Capital, Mayfield, O'Reilly AlphaTech Ventures, Pitango Venture Capital, Sequoia Capital Israel, Jacques Benkoski, U.S. Venture Partners, Alex Stamos, Bob Pasker, David Chang
Mar 1, 2020	Remote	$11.0M Seed	—	468 Capital, 9Yards Capital, Andreessen Horowitz, AngelList, Citi Ventures, Index Ventures, Prototype Capital, Redpoint Ventures, Root Ventures, S Capital VC, Spark Capital, Two Sigma Ventures, Eric Ries, Grant Miller
Feb 1, 2020	Pyramid Analytics	$25.0M Series D	—	9Yards Capital, AllegisCyber Capital, Andreessen Horowitz, Citi Ventures, Cyberstarts VC, Grove Ventures, H.I.G. Capital, Index Ventures, Erel Margalit, Yoav Tzruya, Jerusalem Venture Partners (JVP), M12, Race Capital, S Capital VC, Softbank Group, Spark Capital, Viola Ventures, Aryeh Mergi, Moshe Gaon, Tony Jamous

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Thylacine Capital.

Shay Grinfeld

Managing Partner

Leadership Team

Key people at Thylacine Capital.

Shay Grinfeld

Managing Partner

Deep Dive

High-Level Overview

Thylacine Capital is an investment firm that provides strategic capital and operational guidance primarily to early-stage companies across diverse sectors such as life sciences, software, manufacturing, and engineering. Their investment philosophy centers on partnering closely with entrepreneurs and management teams, emphasizing trust and collaboration to foster growth in market-leading companies with defensible competitive positions and strong management. They invest across the capital structure, including equity, bridge loans, venture debt, and transactional financing, aiming to catalyze growth and bridge market gaps through a hands-on, partnership-driven approach[1][2][3].

Origin Story

Founded over two decades ago and based in Miami Beach, FL, Thylacine Capital has evolved into a firm known for its multi-sector expertise and deep operational involvement. The firm’s leadership includes experienced entrepreneurs and executives like Walter Greenblatt, who brings a background in founding and managing profitable businesses with large teams, underscoring the firm’s operational focus. Their evolution reflects a broadening from pure capital provision to a more integrated role combining financial investment with strategic and legal advisory support, backed by a team with over 100 years of combined legal experience[2][3][4].

Core Differentiators

Unique Investment Model: Flexible capital deployment across equity, bridge loans, venture debt, and transactional financing tailored to early-stage firms.
Network Strength: Deep operational and legal expertise, including a legal advisory team with extensive experience ensuring client discretion and effective stakeholder management.
Track Record: Over 20 years of partnering with entrepreneurs across multiple industries, demonstrating sustained commitment and adaptability.
Operating Support: Hands-on involvement from experienced executives who have built and scaled companies, providing practical guidance beyond capital.

Role in the Broader Tech Landscape

Thylacine Capital operates at the intersection of several growth trends, including the expansion of life sciences, software innovation, and advanced manufacturing. Their timing is advantageous as early-stage companies in these sectors increasingly require not just capital but strategic and operational support to navigate complex regulatory and market environments. By bridging financial and operational gaps, Thylacine helps startups accelerate growth and scale efficiently, influencing the broader ecosystem by enabling innovation and fostering resilient companies in high-impact sectors[2][3].

Quick Take & Future Outlook

Looking ahead, Thylacine Capital is poised to deepen its influence by continuing to blend capital provision with operational and legal expertise, a model increasingly valued in complex, high-growth sectors. Trends such as digital transformation in manufacturing and breakthroughs in life sciences will likely shape their investment focus. Their collaborative, trust-based approach positions them well to remain a key partner for startups navigating early-stage challenges, potentially expanding their footprint and impact in the evolving tech and industrial landscapes. This evolution ties back to their foundational belief in partnership as the core driver of successful investment outcomes[1][3].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Flexible capital deployment across equity, bridge loans, venture debt, and transactional financing tailored to early-stage firms.
Network Strength: Deep operational and legal expertise, including a legal advisory team with extensive experience ensuring client discretion and effective stakeholder management.
Track Record: Over 20 years of partnering with entrepreneurs across multiple industries, demonstrating sustained commitment and adaptability.
Operating Support: Hands-on involvement from experienced executives who have built and scaled companies, providing practical guidance beyond capital.