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Varana Capital Holds First Close of Israel Emergency Fund And Plans Launch of Parallel Fund

Varana Capital

Varana Capital, a Denver, CA-based asset management platform specializing in venture capital, private equity, and public markets, held the first close of the Chai 10x Fund, with over $20m secured and more than $10m of additional commitments.

Looking ahead, the firm intends to exceed their $50m target for investment in Israeli tech. Subsequent to the subscription in investor spots in the initial Chai 10x Fund, Varana Capital plans to introduce a parallel fund (called the “Parallel Fund”), providing investors with the opportunity to support the immediate fundraising needs of Israel.

Founded by Philip Broenniman and Ezra Gardner in 2012, Varana Capital invests in and cooperatively engages with public and private companies.

VCWire

22/02/2024