Israel鈥檚 first pre-seed technology accelerator, , is raising a $75 million fund to invest in Israel-based startups, . So far the accelerator has raised around $55 million for the fund, the filing said.
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F2 Capital touts the tagline of 聽but did not immediately respond to a request for comment.
, another Israeli venture firm, in 2016, with Jonathan Saacks and Barak Rabinowitz as the two managing partners.
F2 Capital took with them Genesis Partners鈥� pre-seed program: The Junction. The firm, taking on the role of accelerator as well, offers guidance, networks, and $100,000 in capital to each startup that joins the program. It has coached over 5,000 alumni and over $500 million has been raised by the startups born out of it.
F2 Capital鈥檚 business partners include Deloitte, Facebook, Amazon Web Services (AWS), and Google Cloud Platform, .
that it would 鈥渘ot invest in any business to consumer apps, content, or biotech companies.鈥� Instead, it is focusing on frontier technology.
Tel Aviv jumped onto our radar last month when workplace collaboration company Monday.com raised $150 million at a $1.9 billion valuation. A few other startups also raised nine-figure rounds within the past year: which delivers the vision and intelligence required for the mass-production of autonomous vehicles, raised $132 million, and , a ride-hailing company, secured $120 million.
F2 Capital鈥檚 raise tells us that despite late-stage sector activity in Tel Aviv, early seeds are also being planted.
Illustration: .
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