The firm is seeking $50m for the new vehicle which received first commitments just a week ago, at the beginning of this month, a filing with the US Securities and Exchange Commission (SEC) shows.
Founded in 2012, LionBird focuses primarily on mature seed and early-stage investments in the digital business services and digital health sectors as well as what the firm calls emerging themes.
It says on its website that it looks for companies “that can get to revenue quickly with a limited amount of capital”.
Working from offices in Tel Aviv and Evanston, Illinios, the firm is looking for opportunities chiefly in Israel and the US but would also consider other select geographies, it has stated.
LionBird raised $20m for its debut fund and currently has 19 investments in its portfolio.
Last month, the firm backed a $15m Series C financing for Drug tracking tech developer Kit Check.
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