Israel-Hamas: Swords of Iron War. Israeli soldiers in Gaza – IDF PHOTO
A new Texas-based venture fund, Texas Venture Partners (TVP), has secured $50 million to bridge the gap between the Lone Star State and Israeli defense tech startups. Formed in the wake of the October 7th massacre and finalizing its funding on the symbolically charged date of July 10th, TVP aims to bolster entrepreneurs with capital and strategic guidance as they develop critical technologies for the free world.
TVP will invest between $1 million and $4 million in 15 to 30 early-stage defense tech companies, supporting their U.S. expansion. Leveraging its Israel-based network, TVP identifies firms aligned with critical technology areas prioritized by the U.S. Department of Defense, including biotechnology, quantum science, next-generation communications, trustworthy AI and autonomy, space technology, and renewable energy. These cutting-edge solutions are poised for adoption by government agencies, law enforcement, and border control.
On October 7, 2023, Hamas and Islamic Jihad terrorists based in Gaza attacked numerous Israeli settlements near the Gaza border and murdered more than 1,200 people, including entire families. Many of those killed were children and even babies. The terrorists burned people alive and committed unspeakable sexual crimes against their victims.
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“I’ve always been a very proud Zionist,” General Partner Lorne Abony, whose grandparents are Holocaust survivors, told Calcalist. “When October 7 happened, I didn’t know what to do. I realized that charity wouldn’t get us out of this. Tzedakah [charity] is not regenerative, it doesn’t grow GDP.” The events from last year and the realization inspired the birth of TVP which has three distinct goals: to make money, put money into the Israeli economy, and make Israel “strong and resilient” as it continues its battle against Hamas.”
“After October 7th, it became even clearer that Texas was the most business-friendly, values-aligned, and welcoming place for Israelis and Jewish founders to start and grow their businesses,” said Tal Shmueli, the fund’s Co-founder and Managing Partner. “Israeli entrepreneurs are returning from the war with an intimate understanding of the modern battlefield and its challenges. They have the skills and motivation to solve them, and TVP is here to help.”
