New Microfund Seeking to Raise $20 Million for Israeli Startups in NYC

About 200 startups with Israeli roots are thought to be located in New York.

Plans have been announced to create an investment fund that will invest relatively small amounts in Israeli startups operating in New York.

The founders of the fund, Eyal Bino and Sharon Mirsky, say they intend to raise $20 million for a fund that would invest between half a million and a million dollars per startup with Israeli roots, about 200 of which are thought to be located in New York.

Bino served in the military’s Unit 8200, which deals in part with signal intelligence and code encryption.

He moved to New York about a decade ago. In 2011 he established Worldwide Investor Network, a firm that provides consulting services and organizes events for non-American startups seeking to locate in New York.

Mirsky, who worked in Israel for Aladdin and Nokia Siemens Networks, joined Worldwide Investor Network about half a year ago. 

Dreamstime