Venture capital firm 97212 Ventures, stationed in New York, recently disclosed the closing of its $20 million seed fund. The primary goal is to link Israeli startups with New York resources to escalate their growth.
Founded by seasoned industry experts, 97212 Ventures thrives on partnering tech startups with the American marketplace. Beyond investment, they offer holistic help that translates into fruitful business model development, fundraising strategies, and valuable strategic alliances.
By pooling Israeli startups with the abundance of networking prospects and business acumen in New York, the firm seeks to enhance durable entrepreneurship and innovation. These resources include professional advisors, potential customers, and channel partners invested in improving product-market fit and initial growth in the US.
Eyal Bino, Founding Partner of 97212 Ventures, cited how the challenging landscape for Israeli startups presents a unique opportunity for high-quality innovations to become unicorns.
Boosting Israeli startups with New York resources
Bino emphasized the firm’s strong commitment to equipping these startups with critical business tools and connections, fostering an innovative environment for possible success in the tech industry.
The New York City tech ecosystem, hosting 450 Israeli company headquarters, is an essential hub for these startups. Their businesses span various sectors contributing significantly to NYC’s dynamic innovation practice. Hence, attracting worldwide top talent and investors highlights NYC’s appeal as a prime technology nucleus.
Notably, 97212 Ventures targets sectors undergoing necessary digital transformation, such as fintech, prop-tech, and logistics. They currently own stakes in 14 startups and spearhead their growth through strategic advice, financing, and access to a vast network of industry professionals.
With its discerning eye for high-potential businesses, 97212 Ventures plans on expanding its portfolio significantly. Backed by distinguished investors, founders, and operators, the fund propels innovative startups needing financial backing to greater heights.
Evidently, 97212 Ventures is a pillar of strength in the financial landscape, nurturing the next-gen progressive enterprises that will redefine the future of technology and digital commerce.
