Israeli venture capital firm Aleph has closed its Aleph IV fund at USD 200 million, Michael Eisenberg, partner and co-founder of the Tel Aviv-based VC, announced on Sunday.
Aleph was founded in 2013 by Michael Eisenberg and Eden Shochat. “We strive to partner at an early stage with ambitious Israeli entrepreneurs who want to build large, meaningful companies and impactful global brands from Israel,” Eisenberg wrote in a post.
The VC has backed startups such as JoyTunes, Wix, and Conduit. Other portfolio companies include Honeybook, a client management software provider for small businesses, currently valued at USD 2 billion, and Healthy.io, a smartphone-based app that allows users to take urine albumin tests at home.
Aleph previously raised a third fund at USD 200 million in 2019, as well as a second fund at USD 180 million in 2016. The company’s first USD 150 million fund was completed in 2013.
Aleph is also open to working with remote companies, according to Eisenberg. “As long as we can add value with our network, platform, and knowledge of Israel,” he said.
The article was originally published by NoCamels, a leading news website covering breakthrough innovation from Israel for a global audience.