Capital fund of New Era closed at a total of $120 million in its third round.
New Era Capital Partners Announces $120 Million AI-Focused Israeli Venture Fund
New Era Capital Partners has finalized its third fund, valued at $120 million, to invest in early-stage Israeli startups specializing in breakthrough AI-based technologies. The fund targets sectors including cybersecurity, enterprise software, fintech, and smart mobility, with an emphasis on companies showing early revenues, strong product-market fit, and global growth potential.
The strategy is centered on high-conviction investing in startups leveraging advances in AI, particularly generative AI and autonomy, that address real-world applications across multiple industries. This includes responding to growing cybersecurity demands, where Israel continues to lead as the world's cybersecurity powerhouse.
Gideon Argov, Co-Founder and Managing Partner at New Era Capital Partners, stated that the fund reflects a strong vote of confidence from investors in the Israeli economy and innovation ecosystem. He also mentioned that the fund will enable New Era to continue identifying exceptional founders, help them build global companies, and connect them to their extensive business network in Israel and abroad.
World-class teams in Israeli startups are emerging from elite tech units and academia, with many founders bringing direct operational experience in protecting strategic assets at a national level. The investments will be made in these technology companies with early revenues, solid product-market fit, and global potential.
Ziv Conen, another Managing Partner at New Era Capital Partners, expressed his excitement about the fund, stating that it will provide a unique opportunity to support exceptional Israeli startups that are developing groundbreaking AI technologies. He added that the fund aligns with New Era's strategy of high-conviction investing and strong support for selected companies.
New Era's previous funds have consistently ranked in the top quartile among peers. The firm has invested in over 35 companies, including notable investments like Papaya Global and Optibus. The fund was raised from a mix of global institutional and private investors, signaling confidence in Israel’s innovation ecosystem despite global and local uncertainties.
Long-term investor confidence is driven by the belief that the war may be nearing an end, and that regional trends are moving toward economic and security stability in Israel. The Israeli market is experiencing extraordinary opportunities in generative AI, autonomy, and real-world applications across various industries such as cybersecurity, healthcare, finance, and infrastructure.
In the Israeli tech ecosystem, innovation in detection, defense, and rapid response is critical due to the increasing sophistication of threats. The fund aims to identify exceptional founders and support them through business network connections and long-term growth facilitation.
In conclusion, New Era Capital Partners’ third fund is a significant investment in the Israeli tech sector, focusing on early-stage AI-based startups with the potential to disrupt various industries. The fund's strategic approach, combined with New Era's proven track record, positions it well to support the next generation of Israeli tech innovators.
The newly established $120 million fund from New Era Capital Partners will be primarily invested in technology startups that focus on AI, with an emphasis on sectors like cybersecurity, fintech, and enterprise software. The fund's strategy involves high-conviction investing in innovative companies with early revenues, strong product-market fit, and global growth potential.
With the new fund, New Era Capital Partners aims to support exceptional Israeli startup founders, helping them build global companies and connecting them to their extensive business network in Israel and abroad, particularly in the rapidly evolving fields of cybersecurity and AI technologies.
