JAL Ventures Closes Second Fund, at $105M

JAL Ventures, an Israeli venture capital firm, closed its second fund, at $105m.

LPs in JAL II include Israeli Institutional investors, international financial institutions and family offices.

Launched by General Partners Amiram Levinberg, Joshua Levinberg, Tal Shaked and Yair Elbaz, JAL focuses on post-Seed and Series A rounds and invests in early revenue stage Israeli technology companies. The firm invests in B2B companies across a range of sectors, including cyber security, enterprise software, AI and fintech.

The team aims to deploy the second fund across approximately 10 startups. After initial closure, JAL II has made five investments in B2B startups, including:

  • insurtech companies Novidea and VOOM;
  • e-mobility company IRP, which provides solutions to enhance electric vehicle performance; and
  • cyber company Infinipoint, founded by former Palo Alto Networks executives.

The fund’s fifth investment will be announced in the near future.

The team also includes Tal Grinstein Vaizer, Principal, Jasmin Kelman, Director of Finance and David Sikorsky, Venture Partner.

To date, JAL has invested in 20 companies, 6 of which have already been acquired, and the rest have carried out significant late-stage investment rounds. The portfolio includes Dome9, which was acquired by Check Point, Perimeter 81, Feedvisor, Velox, Fornova, Ametrine; and Solutum.