Meron Capital Closes Second Venture Capital Fund, at $50M

Liron Azrielant and Daniel Roditi, Managing Partners at Meron Capital Photo Credit Meron Capital, by Nir Laksman

Meron Capital, a Tel Aviv, Israel-based founder first venture capital firm, closed its second fund, at $50m.

Meron II will invest in early-stage deep-technology software startups led by Israeli entrepreneurs. The new fund will target 18-20 pre-seed and seed investments in startups that are building software-based solutions for enterprise, cybersecurity, digital health, fintech, DevOps and more.

Meron II has already invested in four companies: ù

  • LendAI, operating in the market of mortgage lending,
  • Sorbet, a PTO clearinghouse,
  • Firmbase, a Fintech startup, and
  • Laminar, a Data Protection platform for cloud-native applications.

Led by Managing Partners Liron Azrielant and Daniel Roditi, Meron Capital launched its inaugural fund in 2017 and has invested in 16 startups to date with four having already made exits including AIOps startup Loom Systems, which was acquired by ServiceNow, API integration platform Reshuffle, which was acquired by Twitter, digital health company Clear Genetics, which was purchased by Invitae and IoT startup Axonize, which was acquired by Planon. In addition, 10 more have so far raised further financing with startups Immunai, Solugen and Armory alone disclosing combined investments in excess of $300 million to date.

Liron Azrielant graduated from MIT’s LGO dual degree program with a computer science and electrical engineering Masters and an MBA. Azrielant earned a degree in Mathematics and Physics at the Hebrew University and served in the IDF 8200’s most elite technological unit. She started her career as a software engineer but then moved over to the business side as a consultant, advisor and then investor at Bain, PwC and finally, Blumberg Capital.

Daniel Roditi was born and raised in Switzerland and started his career – as one might expect – in finance and banking, before joining a commodity trading software startup as one of the first employees. Roditi then came to Israel in 2015 to pursue an MBA at Tel Aviv University, and joined Blumberg Capital as part of their Tel Aviv-based investment team.