US Fund For Early-Stage Israeli Startups Closes With $106M In Hand

US investment firm Ibex Investors has closed its fourth Israel-focused fund with $106 million to invest in early-stage Israeli startups, praising the “drive, creativity, and perseverance” of the country’s high-tech sector. 

The fund will invest in startups in different stages from pre-seed (the very earliest stage of funding) to pre-IPO (before shares of a company go public). 

Ibex will also invest in listed Israeli companies through its hedge funds.

Since the launch of the first fund in 2012, Ibex has made 40 early- and growth-stage investments, including in companies like BeamUp, Visionary.ai and Weka. 

The last fund closed in 2020, and invested $100 million in early-stage startups.

““Doubling down on Israel underscores our commitment to the Israeli ecosystem as a leading market for technology. Despite the ongoing war and challenging global macroeconomics, our LPs recognize the opportunity to make outsized returns precisely from opportunities such as these,” said Justin Borus, the founder and CIO of Ibex Investors.

“Most of the world’s greatest innovations come as a direct result of war and conflict and we believe this time will be no different,” he said. 

“Why Israel? Why now? The answers couldn’t be any more clear,” said said Nicole Priel, partner at Ibex Investors.

“We firmly believe that the Israeli tech entrepreneur possesses an innate sense of drive, creativity, and perseverance required to turn ideas into reality. We maintain our conviction that this is an opportune time to be building ventures and are committed to partnering with ambitious entrepreneurs from inception as they build the leading companies of tomorrow.”