Fund To Support Israeli Startups In Wartime Hits $20M Goal

A fund set up to support early-stage Israeli startups during the country’s ongoing war with Hamas in Gaza says it has exceeded its $20 million target.

Iron Nation says the funds it has raised will be used to invest in more than 20 high-potential startups, supporting the industry as a whole and helping to ensure their growth during the war and beyond.

The fund has already invested in 12 startups and is in the process of adding another 10 companies to its roster, focusing on sectors it believes are crucial for future economic stability and growth.

The campaign has raised funds from both organizations and individuals around the world. It has so far has invested in fields including deeptech, AI, climate tech, automotive and energy.  

“The successful closure of our fund is a testament to the extraordinary support and trust of our global network, from the incredible investment committee and volunteers here in Israel and around the world and to the profound engagement from the Jewish community in North America,” said Gil Friedlander, co-founder and managing partner of Iron Nation. 

“Our ability to mobilize resources and provide assistance to startups under threat speaks volumes about the resilience of the Israeli tech ecosystem,” he said. 

“Iron Nation has been the most active investor in Israel’s high-tech ecosystem during Q1 2024, an incredible achievement given that the fund was founded in October 2023, mere months before,” said Jason Wolf, co-founder and general partner of Iron Nation. 

“We are proud of our rapid response and our ability to spearhead many rounds in promising companies during this period. We could not have achieved this milestone without the incredible support from over 100 volunteers, individuals, and organizations who contributed their expertise and connections to our cause.”