Israeli Venture Capital Firm Aleph Raises $200M For 3rd Fund

Israeli venture capital firm Aleph has closed a $200 million fund called Aleph III, Michael Eisenberg, partner and co-founder of the Tel Aviv-based VC announced last week.

This is the third fund for the Israeli VC.

Founded in 2013 by Michael Eisenberg and Eden Shochat, Aleph is a VC focused on partnering with ambitious Israeli entrepreneurs “to build large, meaningful companies and impactful global brands.” Aleph mainly invests in early-stage Israeli startups. It has invested in startups such as JoyTunes, Wix, and Conduit.

Aleph previously raised a second fund at $180 million in 2016 as well as its first fund at $150 million in 2013.

Portfolio companies for the VC include Honeybook, a client management software provider for small businesses and LawGeex, a company that automates the contract review process using AI.

“With the mindset of founders, our focus is devoted to accelerating startups to scaleups, and leveraging our relationships with customers, follow-on funders and talent, as well as Aleph’s proprietary technology tools and data, to better service entrepreneurs,” Eisenberg said.