TLDR:
– 97212 Ventures announces a $20 million fund for Israeli tech founders to gain access to the NYC tech ecosystem.
– The fund aims to provide Israeli startups with resources to grow their businesses and achieve US product-market fit.
97212 Ventures, a New York-based VC, has launched a $20 million fund to support Israeli tech founders in gaining insider access to the NYC tech ecosystem. The fund will focus on investing in new Israeli pre-seed and seed startups, providing them with resources such as key senior advisors, early customers, and channel partners to help them grow their businesses.
The founder of 97212 Ventures, Eyal Bino, has been instrumental in establishing New York as a hub for Israeli tech, with several successful Israeli unicorns and startups headquartered in the city. The fund aims to bridge the gap for Israeli startups looking to access US venture capital funding and expand globally.
Moreover, the fund requires founders to move to New York City within 18 months and focuses on investing in B2B enterprise technologies, digital health, fintech, prop tech, and logistics. Notable startups that 97212 Ventures has already invested in include Remepy, Beti, and Ritual. The fund is backed by a network of successful investors, founders, and operators.
