Investment Firm Allocates 5M Shekels For Southern Israel Startups

An American investment firm has created a new initiative that will allocate five million shekels (approx. $1.2 million) for startups in the south of the country that were impacted by the devastating Hamas terror attack on October 7. 

Arieli Capital will inject the funds from the new Southern Starlight Initiative into startups whose founders hail from southern Israel. 

In addition to the financial assistance, Arieli will also provide mentorship and guidance to help the startups navigate through this period. 

The firm is inviting early-stage startups with innovative ideas to fill out an application form and receive much-needed funding. 

Arieli has previously supported the Negev through initiatives it has founded, such as the Frontier AgroTech Innovation Center. Frontier accelerates early-stage agritech companies and promotes innovation and technology in areas such as food security, climate-resilient agriculture and water with leading corporations, academic institutions, and governments worldwide.

“To alleviate the challenges posed by recent events, and their profound impact on the health and prosperity of Israel’s southern residents, we could not be more honored for Arieli to play its part in supporting those in need with financial assistance and additional resources,” said Eric Bentov, Managing Partner at Arieli Capital.