Israel’s New Era Capital Partners announced last week that they had raised $60 million for an initial fund to invest in leading early revenue stage technology startups. New Era Capital Partners said in a statement that the funds were raised by investors that included leading international corporations and financial institutions.
New Era Capital Partners was founded in 2018 and is led by managing partners Gideon Argov and Ran Simha, veteran VCs. Ayelet Frish, one of the fund’s founders and the former media and communications strategist for the late President Shimon peres, is VP of business development
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New Era says it is the first venture capital fund in Israel to assess companies according to ESG (Environmental, Social and Governance) and responsible investment criteria.
The fund will primarily invests in early revenue stage technology startups that create a measurable, positive impact on the environment, society or humanity, according to the statement.
“New Era is a unique and first-of-its-kind fund in Israel that invests only in companies that are both at the cutting edge of technology and have a positive impact on the world,” Argov said.
“We also provide assistance to companies that invest in developing their businesses outside Israel, and especially in North America, by opening doors for them and creating additional value,” he added.
Simha said: “Today, there is complete congruence between the commercial success of a company and the manner in which it relates to its employees, its customers and its environment. As we speak, some of the largest investment funds in the world have announced that they will invest their principals’ money only in companies that meet certain standards of ethical conduct.”