Israeli Venture Capital Firm Aleph Raises $300M For 4th Fund

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

This is the fourth 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 third fund at $200 million in 2019, as well as a second fund at $180 million in 2016 and its first fund at $150 million in 2013.

Portfolio companies for the VC include Honeybook, a client management software provider for small businesses now valued at $2 billion and Healthy.io, a smartphone-based app that allows users to take urine albumin tests at home.

“We strive to partner at an early stage with ambitious Israeli entrepreneurs who want to build large, meaningful companies and impactful global brands from Israel,” Eisenberg wrote in a post.

Eisenberg wrote that the company is now open to working with “remote companies, too, as long as we can add value with our network and platform and knowledge of Israel.”