The named fund list, the LP architecture, and the incorporation shift: who actually funds Israeli tech, and where the companies they fund choose to register.
OLAM RESEARCH · THE INVESTOR DATABASE
Originally published May 31, 2026. Updated October 4, 2026.
US funds made up roughly 60% of all investors in the Israeli tech ecosystem in 2025, and unlike most ecosystems, they lead rounds rather than follow them. Insight Partners alone has deployed $5.8 billion across more than 125 Israeli companies. And by late 2025, more than 80% of Israeli-founded companies were incorporating in the US, up from roughly 20% in 2022. Below is the named fund list, the LP architecture behind it, and the incorporation shift.
To map who funds Israeli technology is largely to map a specific set of US institutions, and the diaspora-oriented and sovereign-adjacent capital that funds those institutions in turn. Data current as of 2026, covering the post-2022 reset cycle through the 2025-2026 recovery.
Which US Funds Have the Deepest Israeli Activity?
Named funds, by stage focus and confirmed Israeli positions.
| Fund | Stage | Israeli activity |
|---|---|---|
| Insight Partners | Growth | $5.8B deployed across 125+ companies (Wix, Monday.com, Checkmarx, Lightricks); opened first office outside New York in Tel Aviv, 2019 |
| Bessemer Venture Partners | Venture/growth | Multi-decade Israel allocation; portfolio includes Wiz, Pagaya, Fiverr, Habana Labs |
| Sequoia Capital | Venture/growth | Israeli activity preserved inside the US-anchored entity after the 2023 Sequoia/HongShan/Peak XV split |
| General Atlantic | Growth | Selective, substantial positions in fintech, healthcare-IT, AI-adjacent |
| Andreessen Horowitz | Venture/growth | More selective than Bessemer/Insight; high-conviction in AI and cybersecurity when it engages |
| Tiger Global / Coatue | Growth/crossover | Heavy through 2021, materially compressed 2022-2024, returned 2025-2026 at lower volume |
| Battery Ventures / Norwest | Venture | Long-standing, concentrated in software and enterprise infrastructure |
| Lightspeed / Accel / Thrive Capital / Founders Fund / General Catalyst / Index | Venture/growth | Variable by partner and cycle, consistent strategic positioning |
| Blackstone / KKR / TPG / Bain Capital / Vista Equity / Thoma Bravo / Permira / Advent | Buyout/late-stage | Material activity, increasingly visible in large cyber exits and take-privates; 75%+ of late-stage Israeli rounds now include a foreign investor |
Who Funds the Funds? The LP Architecture Behind the Allocation
The chain runs US institutional LPs to US VC funds to Israeli portfolio companies.
| LP category | Named examples |
|---|---|
| US public pensions | CalPERS, CalSTRS, NY Common Retirement Fund, the Texas systems |
| University endowments | Harvard, Yale, Princeton, Stanford, MIT; Yale's exposure has been particularly long-running |
| Family offices and foundations | Includes Jewish family offices and foundations with explicit Israel-allocation mandates, and non-Jewish foundations with broader international VC exposure |
| Sovereign-adjacent vehicles | Saudi PIF (selectively, through US-anchored funds), GIC, Temasek |
| Israeli domestic funds (themselves diaspora-LP funded) | Aleph, Pitango, NFX, Vintage, Team8, Glilot, Viola, Jerusalem Venture Partners |
How Much Has the Incorporation Picture Shifted?
Where Israeli-founded companies choose to register.
| Year | Share incorporating in the US |
|---|---|
| 2022 | ~20% |
| Late 2025 | 80%+ |
This is the structural cost of US capital dominance: the funds that lead Israel's rounds increasingly shape where the companies they build will ultimately belong, a separate challenge for Israel's tax base covered in The Delaware-Parent, Israeli-Subsidiary Structure.
What Happened Through the 2022 Reset and October 7?
The post-2022 reset compressed US VC deployment into Israel by roughly the same magnitude it compressed deployment in the US itself, approximately 50-60% peak-to-trough through 2023, with partial 2024-2025 recovery and 2026 stabilization. The composition shifted with the volume: early-stage rounds moved toward Israel-anchored capital (Pitango, Aleph, Glilot, NFX, Team8) and away from US-led seeds and Series As, while growth-stage rounds stayed dominantly US-led, with Bessemer, Insight, and Sequoia continuing to anchor the late-stage book. A 2026 Israeli company raising a $20 million Series A is more likely to do so with an Israeli lead; the same company raising a $150 million Series C is overwhelmingly likely to do so with a US lead.
The post-October 7 risk-premium expansion did not pull US institutional VC out of Israel in any material way; Insight's leadership publicly reaffirmed its Israeli thesis in 2025. The visible effect was structural rather than tactical: a higher discount rate applied to Israeli valuations, more emphasis on revenue and cash-generation metrics relative to growth narratives, and closer attention to operating-team continuity through reserve mobilization. By 2026, allocation is running at approximately the pre-reset baseline.
Sources
Insight Partners company disclosures; fund and portfolio data as reported across Bessemer, Sequoia, General Atlantic, and the named buyout funds' public disclosures and press coverage. LP figures reflect publicly reported pension, endowment, and sovereign-fund allocations. The Olam covers institutional investment architecture as structural reference. We do not provide investment advice, endorse investment vehicles, or recommend specific transactions.
Related Olam Coverage
See also The Cross-Border Family-Office Banking Architecture and The Delaware-Parent, Israeli-Subsidiary Structure.
How we report: Olam stories draw on public filings, company disclosures and named sources, checked by our editors. Read our methodology · Corrections
