Wadi Ventures, a new Israeli micro-seed venture capital fund, has been launched.
Led by Jonathan Pacifici, General Partner, and Reuven Ulmansky, Partner, Wadi Ventures focuses on innovative Internet and new media startups in Israel.
It will provide them with an early stage acceleration and investment program in partnership with top European investors and industry leaders, as well as mentors, board members and consultants.
Companies, which will receive an investment of around $30k in return for 7-10% equity, will get introduced to telcos, banks and corporates and have “betas” running with them way before their demo day.
The firm already started screening applications for a first batch of 10 investments for its first class, this fall.