Investing in Israel's immigrants: New VC firm offers olim up to $500k. in funding for startups
Aliyah Ventures emerged from stealth with the objective of funding projects by new immigrants in Israel, targeting a portfolio of 30-40 companies.
A new venture capital firm, Aliyah Ventures, has been established to assist Israeli startups founded by immigrants, known as olim. The fund, backed by Google, AWS, WeWork, and several Fortune 500 executives, aims to close the gap between immigrant-owned technology companies in Israel and those in the US. Aliyah Ventures offers pre-seed funding, ranging from $250,000 to $500,000, to help these startups grow.
In addition to financial support, the VC provides integration courses, Hebrew classes for business professionals, and access to co-working spaces. Ron Alpar, the founder of Aliyah Ventures, previously worked on three unicorns in Germany and Israel before moving into fundraising and startup coaching. He noted that while Israel is a country built by immigrants, only five percent of its unicorns are founded by olim, compared to nearly 60% in the US.
Alpar emphasized the potential of investing in olim founders in Israel as a talent arbitrage opportunity that can lead to financial success and contribute to Israel's economic growth during a critical time.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
