Qumra Capital: “The Israeli tech market is attracting capital like never before”

“I think the Israeli story is a bit different from Silicon Valley because during recent years, we've also undergone a big political turmoil in Israel,” said Qumra Capital Managing Partner Erez Shachar when asked about the last few years in tech. “And of course, since October 7, a really dramatic war on many fronts that Israel is dealing with. Frankly, we were very concerned about what would happen to the Israeli tech market during all of these national crises.”

Shachar made the remarks at Calcalist’s Mind The Tech conference in New York. The VC fund was established 11 years ago. It raised $100 million in its first fund and has since raised four more, primarily for Israeli startups or Israeli-related startups that have $10 million of ARR.

“\[We thought\] we would see a significant slowdown in investments in Israeli tech - none of that has happened,” he continued. “The Israeli tech market has continued to attract capital like never before. Last year was a year of about $10 billion of venture investments in Israeli tech. This year, I believe it will be higher than that. We've seen the M&A market come back with a vengeance.”

You can watch the entire exchange in the video above.