Maple Capital Research
Investment Thesis
Maple Capital describes itself as an operators VC based in Tel Aviv, focused on enterprise infrastructure and on being the all-round collaborator for technical founders, starting from the notebook phase, meaning before a company has a product or a formal round. The firm's public writing is about go-to-market and market timing rather than technology trends. Its essays cover adoption engineering (how often customers in a category are actually ready to switch, and what triggers it), exploratory markets versus buying markets, and how to interview buyers. The picture is a hands-on early investor who helps founders test whether a market is ready to buy before they scale.
Stage Focus
Pre-seed and seed. Third-party data puts about 60 percent of disclosed deals at seed. The firm also followed on in a Series A at Oasis Security. The website says it supports founders from the notebook phase.
Check Size
The firm does not publish a check size. Third-party databases list a fund size of roughly 50 million dollars, which is unverified. Round sizes in portfolio deals run from about 4.5 million to 35 million dollars, but those are whole-round sizes, not Maple's check. Check size is left unset.
Lead Tendency
Unknown. In the public press coverage Maple is named as a co-investor next to lead firms: Sequoia and Accel at Oasis Security, and Redpoint and TLV Partners at Dux. It is named among the co-leads of the Dux seed by some outlets. The firm calls itself a solo GP fund, so it has a small team and likely takes a meaningful but not controlling position.
Recent Activity
- December 2025: Dux Security emerged from stealth with a 9 million dollar seed led by Redpoint, TLV Partners and Maple Capital.
- November 2025: Opti raised a 20 million dollar seed in AI-native identity security, with Maple listed as an investor by third-party data.
- March 2026: Oasis Security raised a 120 million dollar Series B led by Craft Ventures with existing investors participating.
- January 2024: Oasis Security raised 40 million dollars (a 5 million seed and a 35 million Series A) led by Sequoia with Accel, Cyberstarts and Maple.
The firm was founded in 2022. Fund status is treated as unknown because no fund announcement was found.
Portfolio Highlights
The firm's own portfolio page lists four teams from 2022 with their founders: Redefine (developer tools), Continue AI (sustainability and data), Oasis Security (cyber) and Flexor (data infrastructure). Press adds Dux Security (agentic exposure management, 2025) and Opti (AI-native identity security, 2025). Cybersecurity is the largest cluster, with identity security a repeated theme (Oasis, Opti). The page does not list investment amounts or stages for individual companies.
Team
- Ben Tytonovich, General Partner and Founder. Previously a Principal at Vintage Investment Partners. LinkedIn lists him as a seed investor in Oasis Security, Opti, Dux Security and others. He is the only investor at the firm; LinkedIn shows one employee.
Decision Process
Solo GP. One person decides, so decisions should be fast, but there is no published timeline.
Founder Preferences
Technical founders working in enterprise infrastructure, cybersecurity, data infrastructure and developer tools, including very early teams that have not yet shipped a product. The firm's writing suggests it values founders who research the buyer and the market's readiness to adopt before building a sales motion. Several portfolio founders come from Israeli technology and security backgrounds.
Geographic Focus
Based in Tel Aviv. Portfolio companies are Israeli-founded, with several selling to US enterprises and some headquartered in New York. Third-party data lists the investment region as the EU and Israel. Warm intro requirement is not stated.
Gaps
No published check size, fund size, or fund announcement. Portfolio domains were not shown on the portfolio page. The portfolio page images were all founder headshots, so no company names came from captions.