97212 Ventures announces $20 million in funding to give Israeli tech founders inside access to New York tech ecosystem
New York-based boutique fund backed by an established LP base of experienced investors and successful founders
NEW YORK , May 10, 2024 /PRNewswire/ — 97212 Ventures, a New York next-generation venture capital firm and a day-one partner for Israeli founders, today announced a $20 million investment in new pre-seed investments in Israel. announced the closure of the fund. and seed startups, providing immediate access to New York's rich pool of resources to grow your business, including key senior advisors, early customers, and channel partners, helping you adapt to the U.S. product market and early stage Pave the way to growth.
New York has established itself as Israel's technology capital, with 30 Israeli unicorns and 450 startups headquartered in the city. Eyal Bino, founder of 97212, a market development accelerator focused on investing in pre-seed Israeli startups that shortens access time to the US market, he previously co-founded ICONYC labs and played a key role in the creation of this hub. ICONYC success stories include Connecteam, Dataloop, Leal Health, Duv, SecuriThings, Copyleaks, and more.
“Israel has a unique technology talent pool, and at a time when venture capital funding is particularly difficult for early-stage startups in Israel, this provides us with a unique opportunity to access top innovations with the potential to become unicorns. ” said founding partner Eyal Bino. “This new fund will give Israeli entrepreneurs looking to build global startups instant access to the entire New York tech ecosystem, including funding, mentorship, senior advisors, design partners, potential partners, and customer introductions. It works as a complete plugin.
97212 Ventures is the first fund dedicated to funding Israeli startups to establish a presence in New York City, with founders given the option to move to New York within 18 months. We sought. The company invests in B2B enterprise technology, digital health and wellness, as well as areas where digital transformation technology is critical, including fintech, prop technology, and logistics. The fund has already invested in 14 of his startups, including:
Remepy, a pioneering hybrid pharmaceutical company, was co-founded by Michal Tsur (former president of Kaltura) and Or Shoval. Naftali Bennett, a hugely successful tech founder and former prime minister, is a key advisor to the company. Beti is an advanced cloud-based platform designed to help construction companies efficiently oversee and coordinate on-site workflows and worker safety. Ritual provides digital tools that guide users through the journey of a personalized relationship with an on-demand therapist.
97212 Ventures is a team of successful investors, founders and operators including Modi Rosen, co-founder and managing partner of Magma Ventures and original investor in Waze, Appsflyer and Guesty, among other Israeli unicorns. is supported by a collection of Owen Davis, managing partner at Contour Ventures, is the first investor in successful New York startups Datadog and SeatGeek. Paul Martino, managing partner of Bullpen Capital and original investor in FanDuel, and Ran Leske, founder and CEO of Resident, which was recently sold for $1 billion.
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New York-based 97212 Ventures is a seed fund focused on investing in top early-stage Israeli startups working to build category-defining companies in New York. Backed by an established LP base of experienced investors and successful founders, this fund is an excellent choice for Israeli founders looking to expand their companies to New York and reduce time to the U.S. market. It is rapidly becoming a “reliable VC.''
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