97212 Ventures Announces $20M Fund Providing Israeli Tech Founders Insider Access to the NYC Tech Ecosystem
NEW YORK, May 10, 2024 /PRNewswire/ -- 97212 Ventures, a NY next-generation VC and day-one partner for Israeli founders, today announced the closing of a 20-million dollar fund aimed at investing in new Israeli pre-seed and seed startups, providing them instant access to a pool of rich New York resources to grow their businesses including key senior advisors, early customers and channel partners, paving the way to US product-market fit and early growth.
- New York has established itself as a hub for Israeli tech, with 30 Israeli unicorns and 450 startups headquartered in the city.
- "This new fund serves as a complete plug-in for Israeli entrepreneurs looking to build global startups by giving them capital, guidance and instant access to the entire NYC tech ecosystem including senior advisors, design partners, potential partners, and customer introductions."
- 97212 Ventures is a first-time fund dedicated to providing capital for Israeli startups to establish a presence in New York City and requires founders to move there within 18 months.
- Former Prime Minister Naftali Bennett, who made his name as a hugely successful tech founder, is a key advisor to the company.