| December 1, 2016 | Three members of the senior investing team at major Israeli venture firm Genesis Partners, Eddy Shalev, Jonathan “Jonny” Saacks and Barak Rabinowitz, announced today the the creation of their own early-stage fund, F2 Capital. F2 Capital is in the midst of closing a $50 million debut fund to back seed stage companies. The newly spun out firm is taking over the management of The Junction, an accelerator program that was started by Genesis Partners. Founded in 2011, the Junction is modeled after the Israeli military selection process for elite units with some 250 applicants pitching and only five companies selected to enter the six month bootcamp program. F2 provides $100,000 of funding on a convertible note to those top five selected companies. The firm maintains an option to invest more in their later rounds. Previous participants in the Junction have included: Appsflyer, Honeybook, Simplee, ClarityRay (acquired by Yahoo!), KitLocate (acquired by Yandex) and Moment.me (acquired by Wix). F2 will focus on “frontier” technology, tech that’s beginning to transform existing industries or create new industries.