Summary:
European VC firm Forestay Capital closes its second fund, raising $220 million to invest in Israeli startups.
The fund will focus on early-stage companies in enterprise AI, data infrastructure, cybersecurity, and process automation.
Forestay believes Israel produces some of the best technology and technical teams in the world and aims to be the European partner of choice for Israeli startups.
This investment comes at a time when Israeli startups are facing challenges due to the ongoing conflict with Hamas.
Forestay has already partnered with three companies, including Israeli cybersecurity startup Veriti and Swiss engineering intelligence startup Neural Concept.
European VC Firm Invests $220 Million in Israeli Startups: Focusing on AI, Data, and Cybersecurity
European venture capital firm Forestay Capital has announced the closing of its second fund, raising $220 million with a strong focus on supporting Israeli startups. This investment will be directed towards 10 to 15 early-stage companies in enterprise AI, data infrastructure, cybersecurity, and process automation, both in Israel and Europe.
Forestay's commitment to Israeli innovation stems from their belief in the country's exceptional tech talent and its ability to produce groundbreaking technologies. They aim to be the preferred European partner for Israeli startups seeking expansion.
Highlights of the investment:
- $220 million allocated for 10-15 new investments in Israeli and European startups.
- Focus areas: Enterprise AI, data infrastructure, cybersecurity, and process automation.
- Strong track record: Forestay's first fund backed 13 companies, with 3 achieving unicorn status and 2 being acquired.
- Strategic partnerships: Forestay has already partnered with three companies, including Israeli cybersecurity startup Veriti and Swiss engineering intelligence startup Neural Concept.
This investment comes at a time when Israeli startups face challenges due to the ongoing conflict with Hamas. Forestay's commitment to supporting these companies demonstrates the resilience of the Israeli tech ecosystem and its continued global appeal.
Forestay Capital is backed by some of Europe's largest family offices, including a partnership with Anaïs Ventures, the investment vehicle for certain members of the Firmenich family.
Comments