Israeli Venture Firm F2 Capital To Raise Early-Stage $75M Fund

F2 Capital, an Israeli pre-seed technology accelerator, is in the process of raising a second fund of $75 million to invest in Israeli startups, according to a filing submitted to the US Securities and Exchange Commission (SEC) and first cited by Crunchbase News this week.

To date, F2 Capital has raised about $55 million for the fund, Crunchbase News reported, citing the filing. The firm raised its first $60 million fund in 2017.

F2 Capital, which claims to back Israel’s top founders before others are ready, was founded in 2016 when three members of the senior investing team at Israeli VC firm Genesis Partners branched off to create their own fund. Those three managing partners are Eddy Shalev, Jonathan Saacks, and Barak Rabinowitz.

The firm also took over the management of an accelerator program also started by Genesis Partners called The Junction. The Junction, founded in 2011, focuses on connecting entrepreneurs with their first big enterprise customers.

In 2016, F2 Capital told TechCrunch it would be focusing on “frontier” technology — tech that is beginning to transform existing industries or create new ones. The fund now invests in software companies with a focus on big data and artificial intelligence.