Tel Aviv, Tel Aviv District, Israel Meron Capital appeared to be the VC, which was created in 2016. The main department of described VC is located in the Tel Aviv. The company was established in Asia in Israel.
The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Meron Capital, startups are often financed by Microsoft ScaleUp Tel Aviv, TSVC, StageOne Ventures. The meaningful sponsors for the fund in investment in the same round are Jerusalem Venture Partners (JVP), 31Ventures Global Innovation Fund, StageOne Ventures. In the next rounds fund is usually obtained by Jerusalem Venture Partners (JVP), Flint Capital, 31Ventures Global Innovation Fund.
Deals in the range of 5 - 10 millions dollars are the general things for fund. Considering the real fund results, this VC is 5 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 2-6 investment rounds annually. The top activity for fund was in 2019.
For fund there is a match between the country of its foundation and the country of its the most frequent investments - Israel. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the various public portfolio startups of the fund, we may underline Loom Systems, Lumigo, Axonize The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most successful fund investment fields, there are Blockchain, Internet of Things.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Apono | 30 Sep 2024 | Wilmington, Delaware, United States | |||
Eon | 01 Jan 2024 | New York, New York, United States | |||
Nokod Security | $8M | 29 Jun 2023 | - | ||
Firmbase | $12M | 09 May 2023 | Tel Aviv, Tel Aviv, Israel | ||
Snowmate | 01 Mar 2023 | - | |||
Mesh Payments | $60M | 07 Sep 2022 | New York, New York, United States | ||
Quantum Machines | $20M | 01 Jul 2022 | Tel Aviv-Yafo, Tel Aviv District, Israel | ||
Apono | $5M | 22 Mar 2022 | Wilmington, Delaware, United States | ||
Lendai | $35M | 09 Mar 2022 | Rishon Lezion, Center District, Israel |
– Sorbet is an Israeli fintech startup founded in 2019.
– The company raised $21m in Series A funding.
– The round was led by Dovi Frances’ Group 11, along with current investors, including: Viola Ventures, Meron Capital and Global Founders Capital.
– The new investment will be used to expand the company’s operations to Australia.
– U.S./Israeli startup Sorbet, which is tackling what companies do with the financial risks as employees accrue paid time off (PTO), has raised $6m in a seed funding round led by Viola Ventures, with participation by Global Founders Capital and Meron Capital.
– The company says that in the U.S., employees use only 72% of PTO balances, even though it’s the most sought-after benefit. But this, effectively, comes out at 768 million unused days off a year, worth around $224 billion.
– This creates a difficult problem for CFOs and accountants because its creates balance sheet liabilities on the company’s books.
– Sorbet buys out these PTO liabilities from employees, then loads the cash value of the PTO on prepaid credit cards for the employees.
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Unlock all data Latest deals
| Company | Industry | Round Size | Date | Investors | Location |
Apono | 30 Sep 2024 | Wilmington, Delaware, United States | |||
Eon | 01 Jan 2024 | New York, New York, United States | |||
Nokod Security | $8M | 29 Jun 2023 | - | ||
Firmbase | $12M | 09 May 2023 | Tel Aviv, Tel Aviv, Israel | ||
Snowmate | 01 Mar 2023 | - | |||
Mesh Payments | $60M | 07 Sep 2022 | New York, New York, United States | ||
Quantum Machines | $20M | 01 Jul 2022 | Tel Aviv-Yafo, Tel Aviv District, Israel | ||
Apono | $5M | 22 Mar 2022 | Wilmington, Delaware, United States | ||
Lendai | $35M | 09 Mar 2022 | Rishon Lezion, Center District, Israel |
