ICI Fund Overview
ICI Fund is a pre-seed and seed stages venture capital fund investing in early stage Israeli companies and supporting their growth in the US market. ICI Fund looks for AI solutions that secure our future.
Latest News
growth-positive
The VC firm has already notched exits with Eureka and Suridata.
ICI Fund, a venture capital firm, has successfully raised $50 million for its second fund, which was oversubscribed by investors including Stanford alumni. The fund has already invested in 13 companies across various sectors such as healthcare, cybersecurity, and advanced AI, and plans to invest in at least 15 more by 2026. ICI Fund has recorded two successful exits with Eureka Security and Suridata, acquired by Tenable and Fortinet respectively. The firm, founded by Elkin, includes a team of seasoned professionals like Tim Jones, Yaron Wolfsthal, Ari Goldfarb, Mark Zitter, and Aviv Nizri.
Investment
Gili Elkin, founder and managing partner of the ICI Fund, was speaking at the Calcalist InvesTech conference in collaboration with IBI Capital. Hila Rom, founder and managing partner of Runi Ventures: "Every industry—from aviation to healthcare and education—is undergoing an AI revolution."
growth-positive
Gili Elkin, Founder and Managing Partner at ICI Fund, joined CTech for its 2025 VC Survey and had some strong words for Israeli leaders.
The article discusses the ICI Fund, a US-based venture capital firm investing in early-stage Israeli startups with AI solutions. The fund is focused on supporting women-led initiatives and anticipates an increase in female entrepreneurs by 2025. ICI Fund raised $50 million for its second fund in 2024 and plans to continue raising capital until June 2025. The fund made five new investments in 2024 and provided follow-on funding to five portfolio companies. Notable investments include Buzzy, an AI-powered mental health monitoring platform, and Kando, a company leveraging AI for wastewater management. The article highlights the resilience of Israeli entrepreneurs and the potential for growth in sectors like AI, healthcare, and environmental technology.
Investment
growth-positive
VC’s message to the government: “Bring them home, end the war, and resign!” | CTech
The article discusses the ICI Fund, a U.S.-based venture capital firm focused on investing in early-stage Israeli startups, particularly those led by female entrepreneurs. Gili Elkin, the Founder and Managing Partner, highlights the firms commitment to supporting women-led initiatives, citing studies that show women-led companies deliver a higher ROI. The ICI Fund has raised $50 million and plans to continue investing in promising startups, with a focus on AI-driven solutions. The article also touches on the resilience of the Israeli high-tech industry, which raised $9.8 billion across 683 companies from October 2023 to Q3 of 2024. The firm aims to support startups in navigating the evolving landscape and positioning themselves for success in 2025.
InvestmentPartners
ICI Fund has been recognized as a leading Non-Israeli (U.S.-based) venture capital firm actively investing in Israel during the first half of 2024
Team Members
5
Web & Social Links
| Website | www.ici.fund/ |
Locations
Tel Aviv-Yafo, Israel
320 East Vine Drive, Fort Collins, CO, USA
Photos & Videos
1 item(s)
ICI Fund Business
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—Tags (32)
foodtechtransportationspace-techagriculturebig-datacyber-securityagtechsaasdigital-healthcaremobile-applicationscyber-warfaredata-analyticsmonitoringconstructionsmart-citymachine-learningwater-utilitiesoil-and-gas-companieswaste-waterwaterprecision-agricultureenterprise-solutionsenergybig-data-analyticsindustry-4.0software-applicationsartificial-intelligenceiotsensorswater-managementhealthcareedtechICI Fund Financials
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ICI Fund Lifecycle
ICI Fund News
12 articles
growth-positive
The VC firm has already notched exits with Eureka and Suridata.
ICI Fund, a venture capital firm, has successfully raised $50 million for its second fund, which was oversubscribed by investors including Stanford alumni. The fund has already invested in 13 companies across various sectors such as healthcare, cybersecurity, and advanced AI, and plans to invest in at least 15 more by 2026. ICI Fund has recorded two successful exits with Eureka Security and Suridata, acquired by Tenable and Fortinet respectively. The firm, founded by Elkin, includes a team of seasoned professionals like Tim Jones, Yaron Wolfsthal, Ari Goldfarb, Mark Zitter, and Aviv Nizri.
Investment
Gili Elkin, founder and managing partner of the ICI Fund, was speaking at the Calcalist InvesTech conference in collaboration with IBI Capital. Hila Rom, founder and managing partner of Runi Ventures: "Every industry—from aviation to healthcare and education—is undergoing an AI revolution."
growth-positive
Gili Elkin, Founder and Managing Partner at ICI Fund, joined CTech for its 2025 VC Survey and had some strong words for Israeli leaders.
The article discusses the ICI Fund, a US-based venture capital firm investing in early-stage Israeli startups with AI solutions. The fund is focused on supporting women-led initiatives and anticipates an increase in female entrepreneurs by 2025. ICI Fund raised $50 million for its second fund in 2024 and plans to continue raising capital until June 2025. The fund made five new investments in 2024 and provided follow-on funding to five portfolio companies. Notable investments include Buzzy, an AI-powered mental health monitoring platform, and Kando, a company leveraging AI for wastewater management. The article highlights the resilience of Israeli entrepreneurs and the potential for growth in sectors like AI, healthcare, and environmental technology.
Investment
growth-positive
VC’s message to the government: “Bring them home, end the war, and resign!” | CTech
The article discusses the ICI Fund, a U.S.-based venture capital firm focused on investing in early-stage Israeli startups, particularly those led by female entrepreneurs. Gili Elkin, the Founder and Managing Partner, highlights the firms commitment to supporting women-led initiatives, citing studies that show women-led companies deliver a higher ROI. The ICI Fund has raised $50 million and plans to continue investing in promising startups, with a focus on AI-driven solutions. The article also touches on the resilience of the Israeli high-tech industry, which raised $9.8 billion across 683 companies from October 2023 to Q3 of 2024. The firm aims to support startups in navigating the evolving landscape and positioning themselves for success in 2025.
InvestmentPartners
ICI Fund has been recognized as a leading Non-Israeli (U.S.-based) venture capital firm actively investing in Israel during the first half of 2024
growth-positive
ICI Fund closes its second $50 million fund for Israeli early-stage companies | CTech
ICI Fund has closed ICI Fund II, a new fund with $50 million for early-stage investments in Israeli companies. The fund aims to invest in pre-Seed and Seed stages of B2B Israeli companies using AI. ICI Fund has previously invested in companies like Kando, Suridata, Genda, and Tailor-Ed. The funds General Partner, Gili Elkin, believes that the success of ICI Fund II will increase investments in women-led funds and companies.
Investment
growth-positive
Illustria Closes Pre-Seed Round led by ICI Fund
Israeli company illustria has closed a Pre-Seed Round led by ICI Fund. The investment will support the scaling of illustrias software supply chain security solution. The solution prevents open-source software from deploying malicious code during the development phase, enhancing code security and easing compliance challenges. illustrias solution can be deployed in the cloud or on premise and thoroughly vets open-source software packages. The company plans to grow into the US market with the support of ICI Fund. Innosphere Ventures, a General Partner in ICI Fund, has worked closely with international companies to support their growth in the United States.
Investment
growth-positive
Israeli startup leverages NLP to provide enhanced data visibility
Israeli startup Suridata.ai has developed a system that utilizes ML and NLP capabilities to help organizations manage their sensitive data. The system maps sensitive information, providing complete visibility and allowing DevSecOps teams to modify data collection and security requirements. It uses NLP algorithms to analyze and categorize sensitive data, automating the data mapping process. Suridata.ai recently completed a $2.1 million Seed round led by the Israel-Colorado Innovation Fund (ICI) and has already been implemented in major organizational networks.
CustomersInvestment
growth-positive
Disasters and Innovative Solutions: The ICI Fund
The ICI Fund, an Israeli investment fund, is investing in Israeli companies that are using technology to mitigate the impact of COVID-19. The fund is working with its portfolio companies to bring their technologies to the U.S. market. Among these companies are Kando, which has developed a system to remotely monitor wastewater networks; Viridix, which has developed an autonomous irrigation system for agriculture; and Genda, which has created a real-time system to track workers and equipment on construction sites. The ICI Funds activities are supported by several U.S. governors.
InvestmentPartnersExpand
growth-positive
It Is Still Money Time for the Israel-Colorado Innovation Fund
Despite the economic slowdown caused by the coronavirus pandemic, the Israel-Colorado Innovation Fund (ICI Fund) is actively seeking new investments in Israeli companies. The fund, which supports the scale-up of Israeli companies in the U.S. market, is currently in the process of due diligence with two Israeli companies and expects to close its fourth investment soon. ICI Fund makes investments of up to $1 million and aims to complete around 12 investments over the next two years. In addition to seeking new investments, the fund is encouraging its current portfolio companies to accelerate activities in the U.S. market. The portfolio includes Kando Environmental services Ltd., Viridix Ltd., and Genda Construction Technologies Ltd.
InvestmentPartnersExpand
growth-positive
משקיעים ומשקים: Viridix מגייס כסף למערכת השקייה חכמה
Israeli startup Viridix has developed a sensor that helps farmers maximize crop yield while saving resources. The company has raised an additional $2.35 million in a seed funding round led by the Israel-Colorado Innovation Fund. The funding brings the total investment in the company to $3.1 million. Viridixs sensor system provides real-time data from plant roots, allowing farmers to monitor and control irrigation operations. The sensor, shaped like a plant root, measures soil moisture levels and helps optimize water usage. The collected data is automatically uploaded to the cloud and can be accessed by automation and DSS companies. Viridix aims to become the leading autonomous irrigation system in the world.
Investment
growth-positive
International venture capital partnership to bring Israeli energy startups to Colorado
The Israeli government and the Israel-Colorado Innovation Fund, a venture capital firm, have partnered to bring Israeli startups focused on water, energy, and transportation to Colorado. The fund, backed by Innosphere, has an annual budget of $4 million and will provide grants totaling $1.5 million to six companies this year. The Israeli Innovation Authority will match funds put up by the venture capital firm, marking the first partnership of its kind for the authority. The program aims to turn Colorado into a hub for innovation in the water, energy, and transportation sectors and attract global leaders to the state.
PartnersInvestment
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ICI Fund Internal
Recent Updates
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:35.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:36:57.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2025-02-20 09:21:16.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:37.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 14:13:29.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:38:55.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:37.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 14:23:56.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 14:23:56.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 14:13:28.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:15:25.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:15:26.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 07:48:20.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-10-13 06:14:19.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:35.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2025-07-28 09:30:00.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 13:42:53.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:39:06.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:33.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:28.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:39:06.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:37:07.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:38:55.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:37.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2024-12-24 17:55:37.000000
Doron Bobman
· doron.b@sncentral.org · Manual · 2024-12-24 14:23:43.000000
Yaron Wolfsthal
· yaron@ici.fund · Manual · 2025-02-20 09:21:22.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:38:15.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-10-13 06:14:19.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2023-05-01 10:26:42.000000
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Admin Info
| Confidence | 57/100 |
| Missing | product stage, sector, number of employees, business model, tag line, description, funding rounds, markets |
| BI Verification | Yotam Maman |
| Crunchbase | israel-colorado-innovation-fund |
| Last updater | Ortal Wein |
| Updater email | ortalw@sncentral.org |
| Last update | 2023-05-01T00:00:00.000Z |
| Created | 2019-05-30T00:00:00.000Z |