Topics
Latest
AI
Amazon
Image Credits:Frederic Lardinois/TechCrunch
Apps
Biotech & Health
Climate
Image Credits:Frederic Lardinois/TechCrunch
Cloud Computing
Commerce
Crypto
Jeff Kupietzky, Jon Medved, Alon Tal and Maya Zachodin Koren — team members of the Israel Resilience Fund.Image Credits:OurCrowd
Enterprise
EVs
Fintech
fundraise
gismo
punt
Government & Policy
computer hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
Space
Startups
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
telecasting
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Israeli investing platformOurCrowdtoday annunciate that it now has $ 13 million in capital commitments for its $ 50 millionIsrael Resilience Fund , a investment firm the organisation launched curtly after the Israel - Hamas war began to support startups that were impact by the war or were develop root to Israel ’s immediate needs .
Already , the stock has offer funding to eight fellowship . Among these are the likes of food tech startupBlueTreeandCarrar , a inauguration that is building a thermal management solvent for EVs , both of which recently had to relocate their facilities . The fund also indue in aeriform imagery specialistEdgybeesandVerobotics , a robotics startup that currently focuses on cleaning and inspect the facades of high - lift construction .
OurCrowd plans to kindle a total of $ 50 million for the fund , which does n’t shoot management fees nor carried interest group . In amount , the fund will seat in about 50 startups .
“ Many venture - backed party in Israel are already struggling due to the global venture slowdown and now face even more serious obstruction due to the warfare in Gaza , require straightaway , focused investing , ” explainedOurCrowdfounder and CEO Jon Medved . “ The Israel Resilience Fund will essay to make outsized yield for investors by taking advantage of discount valuations in the current market , while patronage numerous Israeli ship’s company to survive the crisis and expand in the tenacious run . ”
Similarly , Resilience Fund operating partner Jeff Kupietzky , who lately sell his inauguration Jeeng to OpenWebfor $ 100 million , note that in addition to fiscal issues , the fund also aims to avail startups that now face operational challenges because of the war . “ startup do not know when international investor will resume investing in Israeli startup as they hold back for the engagement to subside . Additionally , companies face operational challenges with key personnel department called up to the military reserve , while evacuations and rocket flak pose a challenge to daily stage business operations . Companies resiliently carry on , yet many demand financing to carry runways through the crisis and power their ultimate success , ” he say .
