TLDR:
Key Points:
- A new VC fund, 2i (Dual Impact) Ventures, has been established in Israel to support startups developing dual-use technologies.
- The fund aims to make civilian technologies accessible to the defense market and has already secured funding from investors in Israel, the US, and Europe.
In the midst of Israel’s conflict with Hamas and a significant drop in VC activity in 2023, 2i Ventures has launched with the goal of supporting startups specializing in dual-use technologies. The fund, founded by Altshuler Shaham, Moshe Weingarten, Ehud Hai, Gadot Group, and Dror Erez, seeks to bridge the gap between civilian and defense technology. By partnering with Israel’s Directorate of Defense, Research & Development, 2i Ventures aims to provide unique value and perspective to technology ventures, particularly amidst market corrections in the venture capital sector.
The fund’s partners emphasize the importance of innovation in challenging times and see the current landscape as an opportunity for growth and investment, especially in the realm of national security. With a strategic partnership in place and backing from various investors, 2i Ventures is poised to make a significant impact on the Israeli tech ecosystem.
