HomeIsraelIron Nation Reaches $20M Target to Support Israeli Startups Amid Ongoing Conflict

Iron Nation Reaches $20M Target to Support Israeli Startups Amid Ongoing Conflict

Iron Nation, a Tel Aviv, Israel-based impact fund dedicated to the continuity and growth of Israeli startups, announced that it has passed its target to raise a $20M fund.

This enables Iron Nation to invest in over twenty high-potential Israeli startups, directly contributing to the resilience of Israel’s tech ecosystem, and ensuring that startups can grow during and after the crisis.

Co-founded by seasoned entrepreneurs Chen Linchevski, Gil Friedlander, and Jason Wolf, Iron Nation’s funds are being deployed across a variety of impactful verticals ranging from DeepTech, Climate Tech, Life Science, Retail, Fintech, Community Management, Energy, Automotive, and AI. The fund has already invested in 12 startups and is in the process of deploying funds to an additional ten, targeting sectors most critical for future economic stability and growth.

Initiated in response to the devastating October 7th terror attack, subsequent war, and its impact on the Israeli hi-tech landscape, Iron Nation aims to stabilize early-stage Israeli tech companies that lost funding or had key team members mobilized for the war effort.

It is chaired by Chemi Peres of Pitango. Its investment committee is comprised of investors including Charlie Federman of SilverTech Ventures, Danny Cohen of Viola Ventures, Aaron Applbaum of MizMaa, Calanit Valfer of the Elah Fund, Moshe Lichtman of IGP Capital, and others. The organization is also supported by leading companies including Meitar, Start-Up Nation Central, EY, The Mixer and others.

VCWire

06/06/2024