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Mind the Tech NY2021

“10% of all unicorns are Israeli-made”

Following a successful first fund, New Era started investing from its second fund aimed to close early next year at $130m to support Israeli entrepreneurs across the world. Gideon Argov of New Era Capital Partners spoke to CTech during Mind the Tech NY 2021 conference

CTech | 15:59  17.11.2021

“There’s increasing evidence today that Israeli companies are able to scale more rapidly than tech companies that are founded by others, and the proof of that is the number of unicorns,” Gideon Argov of New Era Capital Partners told CTech’s Yafit Ovadia during an interview at the Mind the Tech NY 2021 conference in Manhattan. “About 10% of all unicorns are Israeli companies,” he added.

New Era Capital Partners is co-managed by Gideon Argov, Ran Simha, and Ziv Conen and invests exclusively in Israeli startups, helping them scale more rapidly. Following a successful first fund with companies such as Papaya Global, Optibus, Variantyx and more, New Era started investing from its second fund aimed to close early next year at a size of $130 million to support Israeli entrepreneurs across the world.

Simha mentioned: “It starts and ends with our exceptional founders who each in her or his own way decided to change the world."

New Era Capital Partners invests alongside exceptional entrepreneurs and supports their efforts to build leading, technology-focused global enterprises. While investing in frontier technologies in sectors undergoing disruptions and structural change, New Era is the first Israeli VC to become a signatory of UNPRI and support ESG across its portfolio. Founded by Gideon Argov and Ran Simha and headquartered in Tel Aviv and Boston, New Era strives to serve as a springboard for Israeli companies expanding globally.

Argov noted that some of the companies "aren’t quite mature yet but have developed technologies that need to be scaled,” and assisted to help them expand to U.S., European, and Asian markets, and need the guidance of a steady and stable fund.

In addition, Argov added, there is a growing trend of these young startups to adhere to ESG principles, meaning they follow the guidelines for environmental, societal, and governing norms to promote a better society. That can be translated to encouraging diversity among team members, promoting climate-tech, and more, he said.

Watch the full interview above.

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