Capital raising services in Israel

Israel's venture fundraising market is structurally integrated with the US: most priced rounds at Series A and beyond involve US lead investors, US-style documentation and a Delaware parent over an Israeli R&D subsidiary.

Companies such as Wiz, SentinelOne, Snyk, DriveNets, Verbit and Riskified have collectively raised billions from top-tier US and international VCs, making Israeli founders experienced participants in global capital markets.

Flow manages mid- to late-stage VC fundraising processes for Israeli founders raising growth capital on the best terms available - drawing on an extensive VC investor network, building the operating and financial model, preparing pitch materials and running end-to-end process management from first outreach through to close.

171

VC rounds raised in the last 12 months in Israel

$450M

Median VC valuation (across all stages) in Israel

16x

Median VC revenue multiple (across all stages) in Israel

$409M

Largest VC round raised in Israel in the last 12 months

Raising venture capital in Israel

Israeli VC rounds are typically structured with US investors leading or co-leading, US-style documentation and a US Delaware parent atop an Israeli R&D subsidiary. The country-specific complexity sits in the IIA grant constraints, ITA pre-rulings and Section 102 plan integration.

US-style documentation, Israeli specifics

Most Israeli venture rounds use NVCA-aligned documentation, reflecting the US-led investor base. Israel-specific overlays cover the IIA grant constraints, ITA pre-rulings on the corporate structure, and integration with the existing Section 102 option plan.

Dual US-Israel structures

Most venture-backed Israeli startups run a US Delaware parent with an Israeli R&D subsidiary. The structure must be set up cleanly at the seed stage - retroactive inversions are possible but expensive, and trigger IIA consent on any IP transfer plus ITA pre-rulings on the share exchange.

Convertible instruments

Y Combinator SAFEs are the dominant pre-priced instrument when the parent is a US Delaware company. Convertible loan notes are used when the parent is Israeli, with conversion at the next round at a discount or capped valuation.

IIA constraints on IP transfer

Where the Israeli subsidiary has received IIA R&D funding, any IP transfer outside Israel requires IIA consent and typically triggers a redemption payment (six times the grant or proportional valuation, whichever is higher). Material consideration in any change-of-control or inversion transaction.

Round structure norms

Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is universal, integrated with the existing Section 102 plan via the trustee.

Closing mechanics

Closings combine US-style same-day signing and funding with Israeli regulatory specifics - Section 102 plan amendments via the trustee, IIA notifications where the round triggers grant covenants, and ITA reporting on any cross-border share-exchange element of the round.

Largest private tech companies in Israel

StarkWare Industries valued at $8.0B is the largest still privately-owned company in Israel.

See all large tech companies in Israel
LogoHQDescription
StarkWare Industries
StarkWare Industries is a Tel Aviv-headquartered blockchain technology company developing the STARK proof system for scalable, privacy-preserving computations. The firm builds a full-stack suite including Cairo language, prover networks, and verification tools to enable zero-knowledge proofs for decentralized applications on Ethereum.
May-22
$100M Series D
$8.0B
DriveNets
DriveNets is a Ra'anana-headquartered provider of cloud-native IP routing software for telecommunications networks. The company delivers Network Cloud, a disaggregated platform that runs on standard white box servers with merchant silicon, supporting core routing, peering, and edge aggregation. Founded in 2015, DriveNets enables service providers to scale networks beyond 100Tbps per site while reducing costs through open hardware. Its solutions deploy in production for operators like BT in the UK, Telefónica in Spain, and Vivo in Brazil, handling millions of subscribers across five continents. DriveNets integrates with standards such as BGP, EVPN, and Segment Routing, powering 5G, cloud interconnect, and internet exchange points.
Aug-22
$262M Series C
$5.0B
Moon Active
Moon Active is a Tel Aviv-headquartered mobile game developer renowned for Coin Master, a social casino adventure game with over 100 million downloads on iOS and Android. The studio produces engaging titles blending slot mechanics, village building, and multiplayer raids, distributed globally via app stores and Facebook. It maintains a top position among free-to-play gaming companies.
-
-
$5.0B
Cato Networks
Cato Networks is a Tel Aviv-headquartered provider of a cloud-native SASE platform combining SD-WAN, global private backbone, and security services like firewall-as-a-service, secure web gateway, zero-trust access, and XDR. It connects branches, data centers, remote users, and clouds via multiple on-ramps for enterprises worldwide.
Jun-25
$409M Series G
$4.8B
Wonderful
Wonderful is a Tel Aviv-headquartered enterprise AI platform for deploying conversational agents across voice, chat, and email channels. The system handles multilingual customer interactions, integrates with CRM and ERP tools like Salesforce and SAP, and executes actions such as booking or refunds. Oversight tools provide real-time supervision, audit logs, and performance comparisons between AI and human agents. Wonderful serves global enterprises ensuring compliance with GDPR and SOC 2 standards through granular permissions and analytics dashboards.
Mar-26
$150M Series B
$2.0B
Lightricks
Lightricks is a Herzliya-based creator of mobile apps for photo and video editing. The company produces Facetune for selfie enhancement, Videoleap for video creation, and Photoleap for AI-powered image manipulation. Founded in 2013, Lightricks serves over 100 million users worldwide through its suite of tools that incorporate AI, machine learning, and computer vision. Available on iOS and Android, the apps enable quick content creation for social media platforms like Instagram and TikTok. The Israel-headquartered firm expanded into enterprise solutions and maintains development teams in Europe and the US.
Sep-21
$100M Series D
$1.8B
Vayyar
Vayyar is a Yehud-headquartered manufacturer of 4D imaging radar chips for automotive ADAS and eldercare fall detection. Its Walabot sensor scans through walls up to 10m, used in devices by Samsung and Bosch. Founded in 2011, Vayyar ships 60GHz ICs with 80cm resolution to smart home OEMs in the US and Europe. The technology equips vehicles from Continental partners.
Jun-22
$108M Series E
$1.5B
NextSilicon
-
Jun-21
$120M Series C
$1.5B
Firebolt
Firebolt is a Tel Aviv-headquartered cloud data warehouse optimized for sub-second queries on petabyte-scale datasets. It decouples storage and compute for cost-efficient analytics, supporting SQL queries and BI tools like Tableau and Looker. Designed for data-intensive applications, Firebolt ingests data from sources including Snowflake and Kafka. Founded in 2019, it raised funding from investors like Intel Capital and serves enterprises building real-time dashboards and ML pipelines.
Jan-22
$100M Series C
$1.4B
AI21 Labs
AI21 Labs is an Israeli developer of generative AI language models like Jurassic-2. Tel Aviv-headquartered, it offers APIs for text generation, summarization, and rewriting via the Semantic Designer tool. The platform powers apps at Forbes and Deutsche Telekom, processing 100 billion tokens monthly. AI21 Labs raised $210 million in funding, employing 100 researchers. Founded in 2017, it focuses on controllable generation for enterprise workflows.
May-25
$300M Series D
$1.4B

Startups who recently raised money in Israel

Largest VC round raised recently in Israel was a $150M Series E of Aidoc in April 2026.

See all VC rounds in Israel
LogoHQDescriptionInvestors
Apr-26
Aidoc
Aidoc is a provider of the aiOS clinical AI platform for medical imaging analysis. Headquartered in Tel Aviv, it processes CT scans and X-rays to detect urgent conditions like pulmonary embolism and stroke. Aidoc integrates with radiology workflows, PACS systems, and EHRs to prioritize cases and notify teams in real time across cardiology and vascular specialties.
General CatalystGoldman Sachs Asset Management+5
$150M
-
Series E
Mar-26
Wonderful
Wonderful is a Tel Aviv-headquartered enterprise AI platform for deploying conversational agents across voice, chat, and email channels. The system handles multilingual customer interactions, integrates with CRM and ERP tools like Salesforce and SAP, and executes actions such as booking or refunds. Oversight tools provide real-time supervision, audit logs, and performance comparisons between AI and human agents. Wonderful serves global enterprises ensuring compliance with GDPR and SOC 2 standards through granular permissions and analytics dashboards.
Bessemer Venture PartnersIndex Ventures+3
$150M
$2.0B
Series B
Jan-26
Torq
Torq is a Tel Aviv-based no-code automation platform for cybersecurity operations centers. Security teams build workflows integrating tools like Splunk, ServiceNow, and CrowdStrike to automate threat hunting, incident response, and remediation. Torq processes billions of security events daily, reducing mean time to response for enterprises facing ransomware and phishing attacks worldwide.
Bessemer Venture PartnersEvolution Equity Partners+5
$140M
$1.2B
Series D
Dec-25
Vega Security
Vega Security is a cybersecurity provider offering services for real-time cyberattack detection across networks and endpoints. The company delivers monitoring solutions that identify intrusions and anomalies to prevent breaches. Based in Tallinn, Estonia, Vega Security serves businesses seeking robust defense mechanisms in the European market.
AccelCRV+2
$120M
$700M
Series B
Dec-25
Port
Port is a developer platform serving as a single source of truth for software catalogs and infrastructure assets. It enables self-service provisioning of dev environments, microservices ownership tracking, and automation workflows. Adopted by engineering teams at companies like NetApp and Monday.com, the Tel Aviv-headquartered tool integrates with GitHub, Kubernetes, and Terraform.
AccelBessemer Venture Partners+2
$100M
$800M
Series C
Apr-26
Wiliot
-
Avery Dennison
$75M
-
Strategic investment
Mar-26
Qodo
Qodo is a San Francisco-headquartered agentic code integrity platform, formerly CodiumAI, that integrates AI agents for code review, testing, and generation throughout development pipelines. Launched in 2022, it provides context-aware analysis adapting to repository-specific standards, supporting languages like Python, JavaScript, and Java. Qodo connects with GitHub, GitLab, and VS Code, used by engineering teams at companies building scalable software products.
Clara ShihFirestreak Ventures+10
$70M
-
Series B
Jan-26
Factify
Factify is a document automation company headquartered in Tel Aviv, transforming static files into interactive, data-verified platforms. The tool enables real-time updates, collaboration, and compliance checks for contracts and reports. Founded in 2023, Factify integrates with Google Workspace and Microsoft 365, targeting legal and finance teams worldwide.
James PerryJohn Giannandrea+5
$63M
$300M
Seed
May-26
Zyg
Zyg develops a software platform for entrepreneurs and DTC brands to launch and scale e-commerce products. The operating system merges data infrastructure, predictive analytics, and AI agents to gauge product demand, run digital marketing, and oversee customer acquisition and retention. Functions such as online store setup, brand production, ad execution, search optimization, and lifecycle marketing run in one environment.
AccelBessemer Venture Partners+10
$60M
$500M
Series A
Dec-25
Duve
Barcelona-headquartered Duve provides a digital platform that integrates with property management systems, channel managers, payment processors, and mobile key providers for hotels, hostels, and vacation rentals. Operating in over 60 countries with more than 100 integrations, the solution enhances guest experiences, boosts profitability, and maintains personalized service. Founded by hospitality experts in 2016, it serves independent properties seeking seamless technology overlays.
Susquehanna Growth EquityXT Venture Capital
$60M
-
Series B
Mar-26
Zyg
Zyg develops a software platform for entrepreneurs and DTC brands to launch and scale e-commerce products. The operating system merges data infrastructure, predictive analytics, and AI agents to gauge product demand, run digital marketing, and oversee customer acquisition and retention. Functions such as online store setup, brand production, ad execution, search optimization, and lifecycle marketing run in one environment.
Access IndustriesBessemer Venture Partners+6
$58M
-
Seed
Apr-26
Altair Semiconductor
Altair Semiconductor is a fabless semiconductor company based in Israel. Founded in 2005 by former Texas Instruments executives, Altair develops ultra-low-power WiMAX silicon solutions for handsets and handheld devices. The company holds principal membership in the WiMAX Forum and IEEE802.16e.
Pitango VC
$50M
-
Undisclosed stage
Mar-26
Above Security
Above Security delivers cybersecurity services including threat detection, risk management, vulnerability assessments, penetration testing, incident response, and SOC monitoring. The company supports governance, risk, and compliance alignment for businesses.
Ballistic VenturesJump Capital+3
$50M
-
Series A
May-26
BlueWind Medical
BlueWind Medical is a medtech company marketing the Revi wireless neurostimulation system for chronic peripheral neuropathic pain in the lower limbs. The implantable device delivers on-demand electrical pulses via a coin-sized stimulator placed near the nerve, avoiding bulky hardware. Approved in Europe in 2021, it entered U.S. pivotal trials targeting over 20 million patients. Based in Herzliya, Israel, BlueWind Medical raised $75 million in funding and partners with Boston Scientific for distribution.
-
$48M
-
Undisclosed stage
Dec-25
Act Security
Act Security is a cybersecurity platform protecting cloud infrastructure and data centers from advanced threats through automated detection and response.
Bessemer Venture PartnersHetz Ventures+3
$40M
-
Series A

Top VCs and strategic investors in Israel

Bessemer Venture Partners, TLV Partners, Insight Partners and Jibe Ventures funded the most startups in Israel in the last 12 months.

See all VCs in Israel
LogoHQDescriptionKey portfolio
TLV Partners
TLV Partners is a Tel Aviv-based venture capital firm managing over $1 billion across four funds, investing in Israeli seed to Series B startups in cybersecurity, AI, fintech, and biotech. Backed companies include Aqua Security for cloud protection, Next Insurance for SMB policies, Unit for banking APIs, Firebolt for data warehouses, and Immunai for immune mapping. Founded in 2015, the firm supports 50+ portfolio firms with US and European expansion.
AidocCopperhelmQodo+2
24
Seed
Insight Partners
Insight Partners is a New York-headquartered global venture capital and private equity firm specializing in software investments. The firm targets high-growth companies in enterprise software, SaaS, fintech, cybersecurity, and healthcare IT sectors. It provides capital, operational support, and talent placement to portfolio companies spanning seed through late-stage growth. Notable investments include DocuSign, Shopify, and Recorded Future. With offices across North America, Europe, Israel, and Asia, Insight Partners manages a diverse portfolio exceeding 800 companies. Founded in 1995, the firm emphasizes scaling businesses through dedicated teams for go-to-market strategies and mergers.
HypercoreWINN.AISlice Global+2
22
Series A
Bessemer Venture Partners
Bessemer Venture Partners is a global venture capital firm that invests in early-stage technology companies building enduring software and internet platforms. San Francisco-headquartered with offices in New York, London, Tel Aviv, and Bangalore, the firm manages investments in sectors like SaaS, fintech, and cybersecurity. Its portfolio features companies including Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast. Founded in 1911, Bessemer Venture Partners has supported over 140 IPOs and acquisitions, maintaining a presence across North America, Europe, and Asia.
ZygSettWonderful+2
20
Series A
Glilot Capital Partners
Glilot Capital Partners is a Herzliya-headquartered venture capital firm investing in post-Series A enterprise software and cybersecurity startups. Founded in 2011, it leads early growth rounds and convertible notes, drawing on a network of executives from Check Point and Palo Alto Networks. Portfolio companies include Cato Networks and Sentra.
Niv-AIRein SecuritySweet Security+2
19
Seed
Team8
Team8 is a Tel Aviv-headquartered venture group founded in 2014, building and investing in cybersecurity, AI, data science, and fintech startups. Employing alumni from Israel's Unit 8200, the firm uses a foundry model to ideate solutions with C-level advisors. Backed by Microsoft, Walmart, and Cisco, Team8 has launched companies like Claroty and Orca Security.
BANDLema AIAct Security+2
17
Series A
Jibe Ventures
Jibe Ventures is a Tel Aviv-based early-stage venture capital fund investing in Israeli technology startups from seed to Series A stages, providing hands-on support in team building, product development, and global market entry.
ZygNotchSlice Global+2
16
Seed
Pitango VC
Pitango VC is a venture capital firm with funds targeting health-tech and growth-stage startups globally from offices in Tel Aviv and Herzliya, Israel. It invests in vertical SaaS for healthcare, digital therapeutics, AI-driven diagnostics, fintech platforms, insurtech, devops tools, Web3 protocols, and food tech innovations. The firm backs companies like CytoReason in drug discovery and Healthy.io for kidney disease detection. Established in 1999, Pitango supports portfolio firms through U.S. expansion via New York presence.
Altair SemiconductorAdaptive6AA-I Technologies+2
16
Seed
Entrée Capital
Entrée Capital is a venture capital firm with offices in Tel Aviv, London, and New York investing in early-stage tech companies. The partners, former serial founders, prioritize founder-led teams in enterprise software, fintech, and consumer tech. entreecap.com emphasizes operational involvement from seed through growth stages.
Vortex ImagingBlocks.diyShapes+2
15
Seed
NFX
NFX is a San Francisco-headquartered pre-seed and seed venture capital firm. It funds startups in software, marketplaces, and network-effect businesses across consumer internet, fintech, and SaaS. The firm has backed companies achieving unicorn status, drawing from exits totaling over $10 billion. NFX offers founder playbooks on growth tactics and hosts a network of operators. Active since 2015, it invests globally with a focus on United States and Israel.
ShapesImpala AIKoi+2
13
Seed
Battery Ventures
Battery Ventures is a Boston-headquartered global investment firm focusing on technology companies in application software, cloud infrastructure, consumer internet, mobile, and industrial automation. Founded in 1983 with offices in San Francisco, Tel Aviv, London, and Mumbai, it manages over $13 billion and has backed firms like MongoDB, Marketo, and Coupa.
imper.aiTenzaiFetcherr+2
10
Seed

What if not VC? Non-equity funding in Israel

Israel has one of the best non-dilutive funding stacks in the world for R&D-intensive companies. Between the Israel Innovation Authority, the Preferred Technological Enterprise regime and bilateral cooperation funds, deeptech and biotech companies can offset a meaningful share of their R&D budget without taking equity dilution.

Israel Innovation Authority R&D Fund

Israel Innovation Authority refunds 20-50% of qualifying R&D expenditure as a conditional grant - repayable as royalties on future revenue from the funded technology, with restrictions on IP transfer outside Israel. Often the single largest source of non-dilutive cash for an R&D-heavy Israeli startup.

Tnufa pre-seed grants

Tnufa supports very early-stage founders with up to ~85% of pre-seed R&D and proof-of-concept costs (capped per project). Used heavily by deeptech and life-science founders coming out of universities and the IDF technology units.

Technology Incubators

Privately operated incubators backed by IIA funding - they invest in early-stage Israeli companies on standardised IIA-aligned terms, typically combining grant and equity components. Sector-focused incubators run across health, climate, agri-tech and defence-adjacent technology.

Bilateral cooperation funds

The IIA operates joint R&D funds with multiple countries (BIRD with the US, KIBRD with Korea, EUREKA across Europe, and dedicated funds with Singapore, India and others). Used for international R&D collaboration with a non-Israeli partner, with grants typically matched by an Israeli industry source.

Preferred Technological Enterprise regime

Reduced corporate income tax (7.5-12%) for Israeli companies meeting an R&D-intensity test - not non-dilutive in the strict sense, but materially increases the after-tax cash a profitable Israeli company keeps in the business. Important for later-stage planning.

Venture debt

Bank Leumi-Tech, Bank Hapoalim Hi-Tech, Kreos Capital and Viola Credit are the most active venture debt providers in Israel. Typically deployed post-Series B against ARR or contracted revenue, often in the context of a dual US-Israel corporate structure.

Why Flow Partners as your capital raising advisor?

We operate across four key principles that continuously allow us to deliver successful capital raising advice to winning founders in Israel.

Kraft KPI-driven narrative

High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.

Move fast and cut the BS

We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.

Access relevant investors

Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.

Valuation is only one part of the equation

When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.

Selected case studies

We've advised companies from series A to series D and beyond.

Our capital raising experience spans across various tech sectors and geographies.

Client logo

We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.

Client
Client
Client
Client
Client
Client

Recently completed VC fundraising projects

Selected capital-raising mandates and prior investment experience.

Volocopter logo

Investment

Volocopter logo

€50m investment from Geely. All-electric air taxis with vertical takeoff and landing.

AU10TIX logo

Investment

AU10TIX logo

$60m investment from TPG. ID authentication and digital record conversion software.

FlixBus logo

Investment

FlixBus logo

Investment from Silver Lake. Online intercity bus service across Europe, North America and Brazil.

Pipedrive logo

Investment

Pipedrive logo

Growth investment. Cloud-based sales CRM and pipeline management software.

ALOHA logo

Investment

ALOHA logo

$30m growth investment. Food and beverage brand with plant-based protein products.

BIScience logo

Investment

BIScience logo

Investment from WPP / Kantar. Digital and behavioral data intelligence provider.

Work4 logo

Investment

Work4 logo

Growth investment. Recruitment app for employer-candidate social media engagement.

RankAbove logo

Investment

RankAbove logo

Growth investment. End-to-end search engine optimization platform.

Yatego logo

Investment

Yatego logo

Investment from Acton. Virtual shopping mall and online marketplace platform.

XING logo

IPO Advisory

XING logo

€68m IPO. Career-oriented social networking site for the DACH region.

CRA logo

IPO Advisory

CRA logo

€1.2bn IPO. Czech digital infrastructure platform (telecom and ICT).

Delticom logo

IPO Advisory

Delticom logo

€41m IPO. Europe's largest online car and motorcycle tire platform.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional fundraising advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and reach the right investors with conviction.

More services

We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.

Fractional CFO in Israel

We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

Learn more

M&A in Israel

We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.

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