May 26, 2022

For founders who want to work with people like themselves, New Era Capital Partners fits the bill.

Gideon Argov, Ran Simha and Jive Conan built the business before joining New Era.

Simcha is an engineer by trade but moved to the finance department of Lehman Brothers and a hedge fund before taking the coveted position of economic and technology advisor to former Israeli President Shimon Peres. Konan is in technology in areas such as defense, while Argov has headed some technology companies.

Argov says that the main goal of the company is to take Israeli business to a new level, and then to the next level. New Era aims to specialize in developing start-ups outside of Israel, helping them find and hire good people and build their organizations in parts of the world where they have never worked, as well as forming strategic and investment partnerships.

“We believe in helping all Israeli companies in their early stages of growth,” he said. “We help them to go beyond Israel and become citizens of the world. We have focused on ESG from day one and have become the first Israeli venture capital to take into account the United Nations Principles for Responsible Investment.

New Era Partners

New Era Capital Partners co-founder and managing partner Gideon Argov, co-founder and managing partner Ran Simha and partner Jive Konan. image credit: Elad Malka and Sivan Farago

Conan also noted that with the competition for talent from developers to product specialists, New Era is unique in offering strategic problem-solving sessions to solve founders’ problems.

The company is industry independent, but the team has expanded to include fintech, HR, mobility, cybersecurity, and development tools in some areas. All of these industries have artificial intelligence, which Conan says the company sees as a “technology gap” that will give companies an edge over competitors.

New Era has raised $60 million for its first limited partnership fund, made up primarily of high net worth individuals, family offices and founders of major US private equity and hedge funds, and interested in investing in the Israeli ecosystem. involved. He has invested in 10 companies from this fund, including Unicorn Papaya Global and Varkies.

The company has raised $140 million for its second fund, and half of its LPs are US and Israeli institutions – pension funds and insurance companies, and the other half are LPs from the first fund. New Era also offers companies the opportunity to directly invest with them through a dedicated tool.

From the second fund, the company expects to write checks for an average of $5 million to $8 million. He has already invested in nine companies and is planning a total of 20 new ones. Investments include cybersecurity startup Neosec and aging mature company Assured Associates.

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