YL Ventures, an Israeli-American cybersecurity seed stage venture capital firm, announced that Dave Reed, former CFO and CCO of PowerPlant Partners, is joining its team as Chief Financial Officer.
Reed will serve dual roles as both CFO of the firm’s $800m AUM and as strategic advisor to its portfolio companies. He has previously worked as auditor for notable investment funds, including Accel, Lightspeed Venture Partners and Babcock & Brown, among others. Reed has gained comprehensive knowledge in M&A transactions and various fund strategies in addition to accounting, reporting, financial and tax planning.
He will help Israeli founders navigate U.S. financial regulations, tax obligations, reporting requirements and other compliance tasks.
Led by Managing Partner Yoav Leitersdorf, YL Ventures funds Israeli cybersecurity entrepreneurs from seed to lead. The firm accelerates the evolution of portfolio companies via a network of Chief Information Security Officers, global industry leaders and a dedicated team of experts. The firm’s track record includes investments in Israeli cybersecurity unicorns such as Axonius and Orca Security, as well as high-profile portfolio company acquisitions by major corporations including Palo Alto Networks, Microsoft, CA and Proofpoint.
