Today, OurCrowd, the Israeli investment platform, declared that it has secured $13 million in capital commitments for its $50 million Israel Resilience Fund. Launched in the aftermath of the Israel-Hamas war, the fund supports startups affected by the conflict or those developing solutions for Israel’s immediate needs. The fund has already assisted eight companies, including BlueTree, a food tech startup, and Carrar, focused on thermal management solutions for electric vehicles. Other recipients include Edgybees, specializing in aerial imagery, and Verobotics, a robotics startup concentrating on high-rise building cleaning and inspection.
The Israel Resilience Fund, led by OurCrowd, aims to raise a total of $50 million without charging management fees or carried interest. The fund, set to invest in around 50 startups, seeks to provide support amid challenges faced by venture-backed companies in Israel due to both the global venture slowdown and the recent conflict in Gaza. OurCrowd Founder and CEO Jon Medved emphasized the fund’s goal of creating significant returns for investors by leveraging discounted valuations in the current market.
Jeff Kupietzky, an operating partner of the Resilience Fund, highlighted that beyond financial assistance, the fund also addresses operational challenges faced by startups in the wake of the war. Many companies struggle with uncertainty about when international investors will resume investing in Israeli startups amid the ongoing conflict. Additionally, operational challenges arise from key personnel being called up to military reserves, while evacuations and rocket threats impact daily business operations. The fund aims to help these startups extend their runways through the crisis and thrive in the long term.
