According to Raveh:
“Internet companies and Web 2.0 businesses in particular are being targeted for investment and acquisition. We will invest in businesses with solid business models 6 – 9 months from revenue and the potential to appeal to significant, distinct markets with their technology or market innovation. We believe that the next generation of billion dollar Internet companies are taking their first steps on the path to being major acquisitions in the future.”
The fund is trying to raise approximately $3.5 million which it will invest in ten promising Israeli start-ups. In addition to the money they will also provide business, commercial and marketing guidance to help them reach the next rounds of financing.
For more info check out this article from City A.M. or this one (in Hebrew) from The Marker.
By Dani Dechter
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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