NY-Based VC Firm 97212 Ventures Announces $20 Million Fund for Israeli Startups

97212 Ventures, a New York-based next-generation VC firm, has secured a $20 million fund to invest in Israeli pre-seed and seed startups. The firm aims to provide these startups with immediate access to New York's resources, including key senior advisors, early customers, and channel partners, to facilitate their growth.

New York has become a prominent hub for Israeli tech, hosting 30 Israeli unicorns and 450 startups. Eyal Bino, the founder of 97212 Ventures, has been instrumental in establishing this hub, having previously co-founded ICONYC labs, an accelerator focused on investing in pre-seed Israeli startups.

97212 Ventures focuses on B2B enterprise technologies, digital health, wellness, fintech, prop tech, and logistics. 97212 Ventures has already invested in 14 startups. Read the full press release here.