Remagine Ventures raises $25 million second fund amid war to back AI startups
The Tel Aviv firm expands its focus to the broader digital economy, betting on infrastructure, agents, and applications.
In the middle of the Israel-Hamas war, early-stage venture capital firm Remagine Ventures quietly closed a $25 million second pre-Seed fund, betting on a new generation of Israeli founders building the infrastructure, agents, and applications of the AI-powered digital economy.
The fund, backed by strategic investors and executives from publicly traded companies across North America, Europe, and Asia, has already made 12 investments in the past two years. These include AI infrastructure startup Troup AI, gaming analytics agent Keewano.com, and Bridge, which automates post-sales workflows. Several portfolio companies have gone on to attract follow-on investment from leading global funds such as Andreessen Horowitz, General Catalyst, and Insight Partners.
“From day one, we studied where people spend their time and money online,” said Eze Vidra, Co-founder and Managing Partner at Remagine Ventures. “That lens took us into Generative AI early, back in 2019 with our investment in HourOne. With AI accelerating and hyperscalers investing heavily in the underlying infrastructure, we’re broadening our focus to the digital economy: how people work, play, and live on software, data, and networks.”
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Vidra and fellow co-founder Kevin Baxpehler launched Remagine Ventures in 2018 to write the first institutional checks to Israeli founders at the pre-Seed stage. Their new fund, Remagine Ventures II, extends the firm’s original focus on media, entertainment, gaming, and commerce into the broader digital economy.
“New rails are being laid, data centers, chips, and model platforms that mirror the early internet build-out,” Baxpehler said. “That wave creates opportunities for startups to optimize infrastructure, deploy agents that remove manual work, and launch the next generation of category-defining applications. Israeli founders are poised to excel given their deep technical talent, global mindset, and speed of execution.”
Remagine’s second fund is structured around three pillars: AI infrastructure, AI agents, and applications that deliver measurable business or consumer outcomes. It invests in both enterprise and consumer-facing ventures.
