CTalk “Late-stage startups in Israel are more resilient to the current situation”
CTalk
“Late-stage startups in Israel are more resilient to the current situation”
Erez Shachar, Managing Partner at Qumra Capital, spoke to CTech at Calcalist’s Mind the Tech conference in New York about the resilience of late-stage startups.
Erez Shachar.
(Credit: Tomeriko)
“We see ourselves as partners for building companies from 10 to 100,” says Qumra Capital Managing Partner Erez Shachar to CTech at Calcalist’s Mind the Tech conference in New York.
“This is an area which Israel was very weak in until a decade ago - scaling of companies. We were very much known for being the Startup Nation and setting up great companies, great technologies, getting to product-market fit and then selling the company to the first organization that came through the door.”
Qumra is a late-stage fund focusing on Israeli tech investments, the first of its kind in the Israeli market. They manage about $1 billion in assets and have invested in around 24 companies.
“In general, late-stage startups in Israel are more resilient to the current situation. Israeli scale-ups are companies that are global by nature. They’re making 95% of their sales outside of Israel, most of their employees are outside of Israel.” Shachar says. “So, the impact of the current situation in Israel on Israeli scale-ups is actually smaller than on startups which are pre-sale.”
You can watch the full interview in the video above.
