Israeli gov’t launches USD155m Yozma 2.0 VC fund; Viola secures USD600m for third fund.
The Israel Innovation Authority and the Ministry of Finance have introduced the Yozma Fund 2.0 to encourage institutional entities to invest in Israeli technology firms via local venture capital funds. In its initial phase, the programme will allocate USD 155 million to 18 institutional entities in Israel, supporting investments in Israeli startups.
Yozma 2.0 targets institutional investors, including insurance companies, pension, and provident funds, providing various incentives aimed at enhancing returns on their venture capital investments over the next 18 months.
This initiative operates as a “green track,” meaning that the Innovation Authority will not interfere in the investment decisions made by the institutions or the managers of the venture capital funds.
Read more in Globes.
Meanwhile, Viola Credit has successfully completed the first close of USD 600 million for its third fund, which aims to provide asset-backed credit to global fintech firms. This initial closing marks the beginning of a broader fundraising effort targeting a total of USD 1.5 billion, with the firm anticipating most of the remaining capital to be secured in the upcoming months.
