TLDR:
- Texas Venture Partners (TVP) has launched a $50 million fund to support Israeli defensetech startups.
- TVP plans to invest between $1-4 million in 15-30 early-stage companies to help them penetrate the US market.
A new Texas-based venture fund, Texas Venture Partners (TVP), has secured $50 million to facilitate a partnership between Texas and Israeli startups in the defensetech sector. TVP aims to support entrepreneurs by providing capital and advisory services to build products needed by the free world. The fund is the brainchild of General Partner Lorne Abony, who was inspired to establish TVP after recent events. TVP has three main goals: to generate profits, invest in the Israeli economy, and contribute to making Israel strong and resilient in its battle against Hamas.
TVP will be investing in early-stage companies dedicated to defensetech and helping them expand in the US market. The fund’s focus aligns with the US Department of Defense’s Critical Technology Areas, including Biotechnology, Quantum Science, FutureG, Trust AI and Autonomy, Space Technology, and Renewable Energy. Texas’ strong support for Israel and its pro-business environment make it an ideal location for Israeli entrepreneurs to grow their businesses.
With a portfolio of limited partners, including Bud Brigham and Captain Chad Fleming, TVP aims to support Israeli companies seeking to enter the US market. The fund partners with various organizations and VC firms to facilitate the expansion of Israeli startups in Texas. The collaboration between Texas and Israel is seen as a strategic move to enhance defense capabilities for both nations and combat cultural and physical threats.
Overall, the establishment of the TVP fund signals a significant step towards boosting the defensetech sector and strengthening the ties between Israel and Texas in the face of ongoing challenges.
