On video: The government approved the state budget for 2024 15.01.2024/Video (upload): Omer Miron / L.A.M., Sound: Ben Peretz / L.A.M.
Contrary to popular belief, most startup entrepreneurs and their investors are less interested in changing our world - the simple consumers, and more interested in simplifying and streamlining the world of the big companies and organizations that hold the big money.
The main streamlining and renewal of organizations is done through the implementation of software required to manage their activities, their finances and their protection, and investors do not remain indifferent to this and will actively seek other century-old activity enhancers, which help to increase their income and save on their expenses.
.
The international market for software for organizations is therefore in constant growth and stood at approximately 216.7 billion dollars in 2022, with about a third of it attributed to dedicated software for managing customer relations for organizations, and is expected to grow by approximately 11.5% year after year until the year 2032, according to a report by a research company The market Grand View Research on the subject.
A lot of innovation in the field comes from Israel, and in light of the return of investors' eyes to the local Tech swamp, voila! Money continues to introduce you to the owners of the century. This time - the Israeli Glilot Capital Partners fund, which leads fundraising in startups from the field of software for organizations.
The partners in the Gillot Capital fund/image processing, Ben Itzhaki
Partner:
Nofer Amikam.
When it started operating:
2011.
Location of the fund's offices:
Herzliya and Tel Aviv.
Value of assets under management:
about 1 billion dollars.
The type and nature of investors in the fund:
family office, institutional, and private investors.
Areas of investment:
corporate software (Enterprise Software) in a variety of areas such as: cyber, cloud infrastructure, AI, fintech and other software needed by large organizations.
The stage of the companies it invests in:
SEED, A and B.
The average check range:
5-8 million dollars in Seed, and about 12 million dollars for the advanced stages.
The amount of the fund's investments in Israel so far:
invested in about 60 companies.
Among the companies she invested in:
Intsights, Ermtic, Cider, Accessibee, At-Bay, Statement ScaleOps.
Extend the act
This is how you will improve performance and pleasure in bed - with an exclusive sale
in collaboration with "Gabra"
"CFOs will look for solutions that will allow them to make immediate changes in real time"/ShutterStock
The fund's forecast for 2024:
"Similar to the Corona period, precisely in conditions of uncertainty global organizations are looking to create business stability and ensure that they are protected against cyber attacks, manage their cash correctly and dynamically in accordance with market trends and optimize various processes in the organization in order to save resources.
"These needs are being answered , among others, also from Israeli startups, which in some areas continue to show an increase in income even in the face of the challenging reality of the war days and the global economic situation.
In addition, the organizations' needs for constant efficiency leads to growth in areas such as cyber and fintech, and accordingly also to the continued development of innovation among the local startups.
"In our estimation, we will see significant innovation in various areas in cyber in light of more sophisticated challenges than before due to technological developments such as GenAI, alongside the rising geopolitical tensions in our region and in the world leading to an increasing frequency of cyber attacks.
"Another vertical that we estimate will gain momentum in Israel and the world in the coming year is corporate software for your VP" Office of the CFO. Because a world in which there is economic instability creates difficulty in predicting the cash situation along with difficulty in outlining the organization's financial policy, thereby putting the organization at risk of high costs.
"The CFOs of those organizations will look for solutions that will allow them to receive decisions and make immediate changes in real time according to changes in the market, to make sure that the company's financial conduct does not harm its cash flow only due to the difficulty of predicting or lack of flexibility.
"For example, global organizations may lose millions just because of an incorrect assessment or a slow response to a change in the exchange rate, etc. .
"We also estimate that we will see a strengthening trend of the acquisition of Israeli start-up companies, which began as early as 2023 (there is an increase from 16 acquisitions in 2022 to 21 acquisitions in 2023), and is due, among other things, to the expected drop in interest rates."
Nofer Amikam, partner in the Gillot Capital/Ben Itzhaki fund
The managing partner, personally:
Amikam joined the Galilot Capital fund 6 years ago and works alongside the other partners in the fund in Israel: Kobi Samborsky and Eric Kleinstein, founding partners, and Lior Litbek, managing partner of 'Galilot Plus'.
Amikam also joined Samborsky and Kleinstein about 3 years ago as the seed investment leader, and in the past she led Microsoft's partnerships with startups in Israel, managed investments in the JVP fund, and is one of the founders of the ITC organization.
She is a graduate of Unit 8200 in the Talpiot Hamon track, a graduate of the MBA program for outstanding students of Ben Gurion University in collaboration with Columbia University, and after her military service she studied at the Ein Perat Midrash (founded by Dr. Micha Goodman and his partners), due to her desire to deepen her Jewish roots alongside her knowledge of philosophy, History, literature and more.
Amikam is a mother of 4-month-old twins and a 3-year-old girl, and despite her busy schedule, she does not give up practicing mindfulness meditation, which she has been practicing for about 20 years.
Her hobbies include running and hiking.
More on the same topic:
venture capital fund
investments