Information security saves lives!/Aman Training Branch.
The year 2024 is expected to channel the funds again towards those seeking to launch dreams, and the main attraction of investors is channeled to the hot areas, especially in times of war - cyber, cloud, AI and fintech.
These four areas were the main attraction for investments in Israeli start-up companies also in the years 2022-2023, in which there was a sharp decrease in high-tech investments, especially in start-ups, as already described in Walla!
Money in the article that launched the investors' corner.
The cyber sector, for example, attracted approximately 51% of the financial volume of all acquisition and issuance transactions in Israeli high-tech in 2023. This is according to the exits report of the consulting and accounting firm PWC Israel for 2023.
These are also three of the largest emerging technology markets in the world. The cloud and artificial intelligence, for example, are expected to stand at the end of the year at 690.3 billion dollars and 305.9 billion dollars, respectively, according to the data of the website 'Statista'.
Cyber.
One of the areas of attraction today, along with cloud technologies, AI and fintech/ShutterStock, no
Next to them, the fintech market is expected to reach approximately $80.1 billion this year, and these three areas also fuel the growth of the global cyber market, which was approximately $162.2 billion in 2023, and is expected to reach $183.1 billion this year.
A number of funds are looking for investments in technological solutions in the field, also in Israel, and work to combine them with other investments they hold around the world.
Walla!
Money continues to put you in order as the eyes of investors return to the local tech swamp, and this week with a look at one of them: the American fund GGV Capital US, which has been active around the globe since it was established in 2000, and which began expanding its investment portfolio also in Israel about 5 years ago.
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Investors' Corner - GGV Capital US Fund/Rob Focht
Managing partner of the fund:
Oren Junger.
When it started operating in Israel:
2019.
Value of assets under management:
9.2 billion dollars.
The type and nature of investors in the fund:
pension funds, university endowments, family offices, non-profit organizations and more.
Areas of investment:
cyber, cloud, AI, enterprise software, fintech, supply chains, and more.
The stage of the companies in which it invests:
various stages, usually in the Seed, A and B stages, when the capital raising is done under its leadership or in joint leadership with another fund.
Average check range for investment:
2-20 million dollars.
The amount of investments made in Israel so far:
350 million dollars.
About 85 million dollars on average for each year of the fund's activity in Israel.
Among the companies she invested in:
Wing Security, Descope, Torq, Gem Security, Orca Security, Monte Carlo Data, Snappy.
Oren Junger, Managing Partner at GGV Capital US/Noah Berger
The foundation's forecast for 2024:
"Israeli entrepreneurs face operational, business and technological challenges, in the shadow of the Israel-Gaza war and a volatile macro market, alongside a professional shadow that creates an expectation of adapting their product to the AI era, to the point of redefining it.
"We believe that in 2024 we will continue to see upward movement of companies and growth, even if slower than what we were used to in the past, and we believe that the choice of the professional-business strategy, along with the need for efficient and correct execution, will be of even greater importance this year to the growth ability of those companies.
"In our estimation, the increasing conflicts around the world will also be reflected in the growth of the cyber field in the coming year, and artificial intelligence will be an integral part of the security tools and will strengthen the response capabilities to incidents. It is expected that these will also lead to the strengthening of regulation in the cyber field, which will strengthen the importance of CISOs, managers Information security in organizations."
The managing partner, Baishi:
worked in the cyber field in Israel for over a decade, among other things as an information security manager at Clicktale and the IBI investment house and as an information security consultant at Avnet and Deloitte.
At the same time as managing the fund, he is a co-founder of InvestInData, which brings together senior managers in data positions in investment matters, and of SVCI - a syndicate of about 60 information security managers (CISOs) in Silicon Valley who together make investments in startups in the cyber field.
A basketball lover and during his training was called "Charles Barclay" by his coach, after the legendary basketball player who was not tall enough, not agile enough, but always comes with high energy and a goal.
Junger: "My partners, including Glenn Solomon and Dan Kahana, who work with me in the Israeli market, and I believe that the previous successes of Israeli high-tech paved the way for the next generation of founders, and believe that the Israeli high-tech industry is only at the tip of the iceberg in terms of creating new categories and establishing large companies
. We want to be a factor for their entrepreneurs that helps them at every stage they are on their way to success."
More on the same topic:
Cyber
investments
High tech
Investors
artificial intelligence
cloud
fintech