TLDR:
- 97212 Ventures announced a $20M fund to provide Israeli tech founders access to the NYC tech ecosystem.
- The fund aims to help Israeli startups establish a presence in New York City and accelerate their growth.
97212 Ventures, a NY-based boutique fund, has closed a 20-million dollar fund to invest in new Israeli pre-seed and seed startups. The fund aims to provide Israeli founders with access to the NYC tech ecosystem, including key senior advisors, early customers, and channel partners, to help them achieve US product-market fit and early growth. The firm focuses on B2B enterprise technologies, digital health and wellness, fintech, prop tech, and logistics.
Eyal Bino, the founding partner of 97212 Ventures, played a key role in establishing New York as a hub for Israeli tech, with 30 Israeli unicorns and 450 startups headquartered in the city. The fund requires founders to move to NYC within 18 months and has already invested in 14 startups, including Remepy, Beti, and Ritual. The fund is backed by successful investors, founders, and operators, such as Modi Rosen, Owen Davis, Paul Martino, and Ran Reske.
Overall, the fund aims to support Israeli tech founders in building global startups by providing capital, guidance, and access to the NYC tech ecosystem. It serves as a plug-in for Israeli entrepreneurs looking to expand their companies to NYC and accelerate their growth in the US market.
