Jumpspeed Ventures News
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Jumpspeed Ventures launches new $20 million fund for Jerusalem-founded startups | CTech
Jumpspeed Ventures has closed a new $20 million VC fund, Jumpspeed Ventures II, aimed at inception-stage tech startups founded in Jerusalem. This brings the firms total managed funds to $40 million. The fund will invest $250,000-$1 million in a small number of new companies each year, focusing on sectors excluding pharma and biotech. Jumpspeed Ventures portfolio includes companies like BreezoMeter, Fullpath, Neurokaire, MDI Health, and Lidwave. The firm emphasizes its hyper-local focus on Jerusalem, which it believes provides a competitive advantage. The announcement highlights the citys growing startup ecosystem, with 255 startups, and the support from local leaders like Mayor Moshe Lion.
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https://www.jpost.com/Israel-News/Injecting-capital-into-the-capital-city-590187
Jumpspeed Venture Partners, founded by Ben Wiener in 2014, is a micro-venture capital fund focused exclusively on Jerusalem-based startups. Despite initial challenges in securing investment, Wiener has successfully closed a $17.7 million pre-seed investment fund, backed by over 80 American and European investors. The fund aims to address the capital shortage in Jerusalems start-up ecosystem, which now hosts over 500 startups. Jumpspeed has invested in 18 startups, including BreezoMeter, AutoLeadStar, MDGo, and Genetika+. The funds portfolio is notable for its diversity, with almost 40% of companies led by female CEOs.
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https://www.pehub.com/2017/06/jumpspeed-ventures-targets-20-mln-for-inaugural-fund/
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Why go to Tel Aviv? Jumpspeed Ventures will fund early-stage startups in Jerusalem (exclusive)
Jumpspeed Ventures, a micro-fund and early-stage product accelerator, has been launched in Jerusalem by Ben Wiener. The fund aims to provide capital to early-stage tech companies in Jerusalem and help them grow to attract follow-on financing. Jumpspeed Ventures has already invested in three startups and is focused on the digital media space. Wiener plans to announce a shortlist of advisors, partners, and mentors in the coming weeks. The total size of the fund has not been disclosed. The launch of Jumpspeed Ventures reflects the growing startup ecosystem in Jerusalem and the citys efforts to support and foster a strong startup community.
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