Ibex Investors closes $106M fund to back early-stage Israeli startups

Ibex Investors, a US-based investment firm that invests in Israeli startups from pre-seed to pre-IPO, announced today the close of its fourth Israel focused fund, Ibex Israel VC II LP, with $106 million in capital commitments.

The new fund follows Ibex’s $100 million Israel early-stage fund raised in 2020 and will target startups across various verticals, such as enterprise software, cybersecurity, and more. The fund’s limited partners include founders and current and former executives from a wide range of sectors.

Ibex Investors also invests in public Israeli companies through its hedge funds, leveraging its operational go-to-market expertise and focus on both the private and public markets to support its portfolio companies from initial investment through public listing.

Since launching its first Israel fund in 2012, Ibex has made 40 early and growth stage investments in Israel, including BeamUp, Appwrite, Honeycomb, Visionary.ai, and Weka. Some of its previous portfolio companies have been acquired by leading firms such as Cisco, CheckPoint, LinkedIn, and Intuit.

The Ibex team in Israel is led by Nicole Priel, who focuses on early-stage investments, and Gal Gitter, Partner, who focuses on growth stage and secondary investments. With the recent addition of Aaron Rinberg, Partner, and Alon Cinamon, Associate, the Israel office has grown to 7 people.

Founded in 2003, Ibex Investors is headquartered in Denver, Colorado, with an office in Tel Aviv. With nearly $1 billion in assets under management, Ibex proactively seeks out markets and opportunities commonly dismissed as too difficult or different. It prides itself on finding hidden gems often overlooked by others.

Justin Borus, Founder and Chief Investment Officer of Ibex Investors, said, “Doubling down on Israel underscores our commitment to the Israeli ecosystem as a leading market for technology. Despite the ongoing war and challenging global macroeconomics, our LPs recognize the opportunity to make outsized returns precisely from opportunities such as these. Most of the world’s greatest innovations come as a direct result of war and conflict and we believe this time will be no different.”

Nicole Priel, Partner at Ibex Investors, shared: “Why Israel? Why now? The answers couldn’t be any more clear. We firmly believe that the Israeli tech entrepreneur possesses an innate sense of drive, creativity, and perseverance required to turn ideas into reality. We maintain our conviction that this is an opportune time to be building ventures and are committed to partnering with ambitious entrepreneurs from inception as they build the leading companies of tomorrow.”