Brief

Next Gear Ventures Raises $30 Million in Commitments

The funds will be used for investments in smart mobility and smart city technologies, with a focus on early stage Israeli startups

CTech 10:1729.12.19
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Tel Aviv-based Next Gear Venture Partners has raised $30 million in commitments for investments in smart mobility and smart city technologies, with a focus on early stage Israeli startups, the firm announced Wednesday. Swedish automotive company Volvo Group is among the fund’s backers.

 

Founded in 2018, Next Gear counts car fleet management startup Fleetonomy Ltd., medical AI startup MDGo Ltd., and autonomous vehicle safety startup Foretellix Ltd. among its portfolio companies.

 

Next Gear's team: Omer Shachar (left), Yoav Waizer, and Tal Cohen. Photo: Aya Wind Next Gear's team: Omer Shachar (left), Yoav Waizer, and Tal Cohen. Photo: Aya Wind