TechShield Overview
TechShield is an emergency, mission-critical fundraising operation designed to ensure that Israeli-related companies whose founders and managers are defending the country in 'Haravot Barzel' war can continue operating and drive Israel’s innovation forward. The fund is an initiative of Sarona Partners, Ibex Investors, and Altair Capital. The launch of TechShield is aimed to extend the runway of impacted companies to 15 months or more and provide dozens of Israeli companies with needed capital to survive this period with operating capital until March 2025. The initiative will be launching a series of reverse-fund syndicates, an investment model where a group of investors commits capital to a selection of startups, allowing individual investors to choose which companies they want to back rather than investing in a traditional fund that makes those decisions for them. It is understood that each syndicate will consist of 5-10 pre-selected eligible companies, and the partnering VCs behind the initiative will allocate first capital to each one before opening it up to vetted Jewish and Israel-supporting investors from around the world. To qualify, companies need to have been directly impacted by Israel’s ongoing war with Hamas with founders, managers, or staff members called up to reserve duty thus causing operational restraints. Companies must also have raised at least Seed or Series A rounds and maintain service to at least three active customers. Investors will be able to invest as little as $25,000 or as much as $5 million per syndicate, acquiring indirect equity positions in the syndicated companies and helping the critical cause of protecting the Israeli economy. The investments are made on Fundit, an alternative finance platform and a wing of the Headstart Group.
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