Amid the Gaza war and ongoing economic uncertainty, venture capital firm NFX, founded by Israel-based investor Gigi Levy-Weiss, raised $325 million in fresh capital to back young tech startups in Israel and California’s Silicon Valley.

Speaking to The Times of Israel, Levy-Weiss said that NFX’s fourth fund will invest in 50 to 60 young, fast-growing startups of which about 40 percent will be deployed in Israel and the remainder predominantly in the US. The fresh capital will be earmarked for early-stage startups building cybersecurity systems, software development tools, AI applications and AI-focused consumer products.

“We believe Israeli founders have the speed, resilience and vision to lead the AI era, and we are here to back them,” Levy-Weiss said.

The Israeli-American VC firm raised fresh capital for its fourth fund from US-based investment funds and a new investor from a Middle Eastern capital, among others, Levy-Weiss said.

The announcement of the closure of NFX’s fourth fund comes a week after a US-brokered ceasefire deal between Israel and the Hamas terror group was ratified to end the two-year fighting in Gaza. Israel has been facing growing criticism over its conduct during the Gaza........

© The Times of Israel