New VC Firm Aliyah Ventures Funds Immigrant Entrepreneurs in Israel
Summarized from The Jerusalem Post by baba
A new venture capital firm, Aliyah Ventures, launched on Monday to fund startups founded by new immigrants to Israel, offering initial investments between $250,000 and $500,000. The firm, backed by partners like Google and AWS, also provides integration support and co-working spaces. Founder Ron Alpar aims to close the gap in immigrant entrepreneurship, noting that immigrants found fewer than 5% of Israeli "unicorns" compared to nearly 60% in the U.S. Aliyah Ventures plans to build a portfolio of 30-40 companies and has already invested in two AI-focused startups.
The story in 5 lines · by baba
- New VC firm Aliyah Ventures will fund startups by new immigrants in Israel with $250k to $500k.
- The firm aims to boost immigrant entrepreneurship, which is significantly lower in Israel than in the U.S.
- Aliyah Ventures offers integration courses, Hebrew classes, and co-working spaces to supported founders.
- The fund, backed by Google and AWS, plans to build a portfolio of 30-40 companies.
- Initial investments were made in AI platform Conspectus and hedge fund Bayes.
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