US Investment Firm Ibex Raises $87 Million for Israeli Growth Companies

American investment firm Ibex Investors has announced the successful closure of its sixth fund, Ibex Secondary II LP, which raised over $87 million specifically for investments in Israeli companies.

The new fund will focus on secondary investments, acquiring shares from founders, employees, and early-stage investors in growth-stage Israeli businesses. This move follows a successful year for Ibex in Israel, marked by three exits from its portfolio companies.

To manage the new fund, Ibex has appointed Osnat Wellinger as Investment Manager. Wellinger, who previously spent five years as a Growth Investor at Susquehanna Growth Equity, will operate from the firm's Tel Aviv office. She joins existing local partners Aharon Rinberg and Adi Dengot-Zukovsky.

Justin Borus, Founder and Chief Investment Officer of Ibex Investors, expressed enthusiasm for Wellinger's addition, highlighting her expertise in growth-stage investments. Borus noted that Ibex has raised a total of $267 million for Israel-focused funds since October 7, 2023, indicating strong investor confidence in the Israeli market. He also emphasized the firm's ability to leverage its Israeli and US teams, along with its investor network, to support portfolio companies in expanding into the American market.

Ibex has a significant history of investment in Israel, beginning in 2012. The firm manages over $1 billion in assets and operates offices in Denver, Tel Aviv, and Silicon Valley. Its previous Israel-focused funds include a $40 million secondary fund closed in 2024, Ibex Israel VC II ($106 million in 2024), and Ibex Israel VC I ($100 million in 2020). Ibex also manages a public companies fund and a hybrid Evergreen fund, collectively overseeing more than $400 million. Recent investments include companies in cybersecurity, prop-tech, travel-tech, and fintech, with notable exits such as the acquisitions of DigitalOwl, Cyclops, and Traceloop.