Alon Stopel, Ph.D., Chairman Israel Innovation Authority
The Israeli tech scene is about to get a shot in the arm with the announcement of eight new Angel Clubs dedicated to supporting early-stage deep tech startups. This initiative by the Israel Innovation Authority aims to address a crucial gap in funding for promising young companies with the potential to revolutionize various industries.
Traditionally, many angel investors in Israel operate independently. While this approach has its benefits, it also comes with limitations. Individual investors typically have smaller investment capacity and limited ability to evaluate ventures across diverse sectors. Angel Clubs, on the other hand, offer several advantages:
Professional Management: Angel Clubs provide professional oversight of the investment process, including thorough due diligence for potential startups.
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Syndicated Investments: By pooling resources, Angel Clubs enable multiple investors to participate in deals, spreading risk and increasing the total investment amount.
Improved Post-Investment Support: Angel Clubs can offer valuable guidance and support to portfolio companies beyond the initial funding stage.
This comprehensive approach significantly improves the chances of success for early-stage startups, allowing them to navigate critical hurdles and achieve sustained growth.
The newly established Angel Clubs boast diverse partnerships, bringing together a wealth of experience and resources. Key stakeholders include Venture Capital Funds, Seasoned Local and International Angels, Multinational Corporations, Academic Institutions, Private Companies and Professional Forums and Associations.
This collaborative network allows the Angel Clubs to attract a wider pool of investors, both domestically and internationally. Additionally, it ensures that promising startups are exposed to a broader range of potential investment opportunities across various deep tech fields.
The Israel Innovation Authority selected eight proposals to establish Angel Clubs. Each club brings a unique focus and approach to the table:
TEClub VC LTD.: Led by CEO Stav Erez, this club targets “mega-angels” from Israel and abroad, seeking breakthrough technologies and aiming to create “unicorn” companies.
Investors Forum Ltd.: Headed by CEO Michal Etti Matroni Reiten, this club leverages partnerships with professional associations and universities to identify promising startups across various deep tech sectors.
BABA METZIA GP LLP: Under CEO Lior Elkan, this club brings together experienced Israeli and international investors to support startups and expand their network.
WINGS IL LTD.: Established by CEO Eliran Ezer, this club aims to position Israel as a leader in Deep Tech investment by accelerating funding and supporting early-stage ventures.
ERETZ ANGELS LTD.: Led by CEO Nir Blazer, this club focuses on startups with the potential to impact Israeli settlements, agriculture, and the broader economy.
IL ANGEL CLUB LTD.: With CEO Ram Yonish at the helm, this club leverages experienced investors and entrepreneurs to attract investments and create strategic partnerships for their portfolio companies.
EIGHT TWO HUNDRED ANGELS. LTD.: Founded by CEO Hader Abtalyon Dagan, this club prioritizes investments in Industry 4.0, AgTech, and FoodTech, leveraging partnerships with leading venture capital firms.
Ziv Haft Consulting and Management Ltd.: CEO Tamir Nahmias leads this club, established by BDO in partnership with SeedBiz. It boasts a vast network across multiple countries and invests in sectors like ClimateTech, AgTech, and Life Sciences.
Alon Stopel, Ph.D., Chairman of the Israel Innovation Authority, emphasizes the importance of Angel Clubs: “There has been a decline in the number of active Angels investing in pre-seed and seed-stage companies, especially in deep-tech. These initial investments are crucial… The new Startup Fund further strengthens this ecosystem.”
This initiative by the Israel Innovation Authority underscores the nation’s commitment to fostering technological innovation. By empowering Angel Clubs, Israel aims to bridge the early-stage funding gap and nurture the next generation of groundbreaking deep tech companies. With a diverse range of expertise and a collaborative spirit, these Angel Clubs are poised to play a pivotal role in propelling the Israeli tech sector to even greater heights.
