Israeli entrepreneurs with promising tech startups just got a major boost. 97212 Ventures, a New York-based venture capital firm specializing in early-stage Israeli startups, unveiled a new $20 million fund today. This fund aims to propel promising Israeli pre-seed and seed-stage companies into the heart of the NYC tech scene.
“This moment offers unique opportunities for us to access top innovations from Israel that have the potential to become unicorns,” said Eyal Bino, Founding Partner at 97212 Ventures.
The fund goes beyond just providing capital. 97212 Ventures acts as a launchpad for Israeli entrepreneurs, equipping them with the tools and connections needed to build global technology leaders. This includes seed funding, expert guidance, and instant access to the vast resources of the NYC tech ecosystem, including seasoned advisors, potential customers, and strategic partners.
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This comprehensive support system is designed to help Israeli startups achieve rapid product-market fit and establish a strong foothold in the US market. New York City itself has become a magnet for Israeli technology companies, boasting over 450 startups and 30 unicorns with Israeli roots.
The 97212 Ventures fund is backed by a prestigious group of investors, including successful founders and venture capitalists with a proven track record of identifying and supporting high-growth companies. Some notable backers include Modi Rosen, co-founder of Magma Ventures (early investor in Waze and Appsflyer), Owen Davis of Contour Ventures (early investor in Datadog and SeatGeek), and Paul Martino of Bullpen Capital (first investor in FanDuel).
97212 Ventures has already invested in 14 promising startups across various sectors, including healthcare, construction, and mental wellness. They require founders to establish a presence in New York City within 18 months, fostering a deeper connection between the Israeli and American tech scenes.
With its experienced team, impressive investor base, and proven track record, 97212 Ventures is poised to become a game-changer for Israeli startups seeking to scale their businesses on the global stage.
