Israel Secondary Fund Raises $312M for Third Fund

ISF (Israel Secondary Fund) Logo

Israel Secondary Fund, a Tel Aviv, Israel based venture capital firm, raised its 3rd secondary fund, totaling USD312m.

The investors who participated in the current fundraising include several of Israel’s largest institutional investors, such as Migdal Insurance, Altshuler Shaham, Bank Hapoalim, as well as leading institutions, pension funds, endowments and family offices from Europe and the U.S.A.

ISF is a technology-focused secondary fund headed by Dror Glass, Nir Linchevski, and Eva Hubsman. The firm provides liquidity in the inefficient private tech market, performing quick and creative transactions acquiring holdings in private companies and venture capital funds. Its target audience is entrepreneurs, investors, and employees who hold options and shares in companies in addition to limited partner stakes in funds. ISF invested directly and indirectly in approximately 220 companies. Its portfolio includes many successful companies and funds, including Myheritage, Aidoc, WSC, Innovid, Valens, Pixellot, Earnix, Papaya Gaming, Verbit, Arbe, Yotpo, Waze, Glilot, Vertex, Coralogix, Solaredge and more.

In 2017, the firm raised its 2nd fund of 100 million dollars and currently manages over half a billion dollars focused on secondary transactions in the Israeli technology market.