Ibex Investors closes its first secondary fund, raising $40M to expand investments in Israel
Ibex Investors closes its first secondary fund, raising $40M to expand investments in Israel
“We believe Israel will be among the best places in the world to invest over the next 10 years,” said Justin Borus, Founder and Chief Investment Officer.
American-based multi-stage and multi-strategy investment firm Ibex Investors has announced the close of its fifth Israel-focused fund, Ibex Israel Secondary LP. The $40 million fund will offer the ability to purchase secondary stakes in Israeli private growth companies directly from funds, employees and companies. It also announced Ibex Israel Public-Only LP, its first open-ended Israel strategy focused exclusively on Israeli publicly-listed equities.
The two new funds follow its $106 million early-stage Israel VC fund raised earlier this year, its $100 million Israel early-stage fund raised in 2020, and its evergreen $425M+ hybrid public/private Israel Fund launched in 2012.
"Adding a Secondary Fund and a Publicly listed equities Fund to our product mix emphasizes our commitment to the Israeli ecosystem and our goal of becoming a one-stop-shop for Israeli investments," said Justin Borus, Founder and Chief Investment Officer of Ibex Investors. "Our investment approach, which combines "boots on the ground" in Israel with a "small army" in the U.S., helps us unlock our portfolio companies' value and enable them to reach their full potential, especially in the U.S. markets. Many investors pay lip service to creating value. We have the receipts to prove it. This approach is resonating with both founders and LPs alike."
Ibex Investors has to date invested in more than 50 Israeli startups, eight of which were in 2024 alone. Current investments in Ibex's portfolio include Weka, BeamUp, Appwrite, Honeycomb, and Groundwork, and previous portfolio companies have been acquired by firms such as Cisco, Check Point, LinkedIn, and Intuit.
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"We're just getting started. Our team in Israel has more than doubled over the last three years and we expect it to double again over the next three years," added Borus. "Despite the ongoing war, our LPs recognize the opportunity to make outsized returns in Israel. We're particularly pleased that we've raised over $150M for our Israel strategies since October 7, 2023 alone. But make no mistake. This isn't charity. We believe Israel will be among the best places in the world to invest over the next 10 years."
The investment firm invests in companies from pre-seed through IPO and its operational go-to-market knowledge and focus on both the private and public markets helps the firm support founders and portfolio companies from initial investment through public listing.
Ibex Investors was founded in 2003 and has nearly $1 billion in assets under management. It invests in public and privately held companies across enterprise software, cybersecurity, and other domains. Its headquarters are in Denver, Colorado, with an office in Tel Aviv.
