Firstime announces $100 million climate-tech fund, backed by Jonathan Kolber

Firstime 3 has already made two inaugural investments, firstly in BeeHero, the precision agriculture and pollination company, and in digital healthcare and diabetes management company Hygieia

 
 
Investor Jonathan Kolber is joining the third Fund launched by Firstime, aimed at over $100 million. Given the increased concern of the impact of the climate crisis, the new fund focuses on climate tech alongside past investments in digital health, becoming one of the only funds in Israel aligned with the United Nations’ sustainable development goals (SDGs).
 
Kolber is a partner in Viola Investment Group and a prominent private investor in the technology industry with an investment record in, eToro, and the ION SPAC, into which Taboola has merged. The new fund has raised $50 million to date and expects to reach its target in the coming months.
 

Firstime’s partners’ team includes co-founders and managing partners Jonathan Benartzi and Nir Tarlovsky, Ilan Shiloah (advisory board chair), and Keren Kopilov. In addition, Itamar Weizman joined the fund’s partners with the launch of the third Fund. Firstime’s funds have invested $150 million in over 30 web-based technology companies since its establishment in 2014. 


Photo by BeeHero

 The new fund has already made two inaugural investments, firstly in BeeHero, the precision agriculture and pollination company, and in digital healthcare and diabetes management company Hygieia. BeeHero’s proprietary platform can predict hive disruptions, ease bee colonies’ collapse and monitor pollination progress. It provides bee growers with sensors that collect hive and environmental data, then analyzed with BeeHero’s algorithms to identify possible hive disorders. Hygieia helps diabetic patients manage blood insulin levels to avoid changes impacting their quality of life.

“The climate crisis is a real opportunity for Israeli tech entrepreneurs,” said Jonathan Benartzi, a managing partner at Firstime. “Trillions of dollars from public funds and private investments will be allocated to these projects. We are planning on investing $100 million to help build Israeli unicorns that will assist in dealing with the climate crisis.”

Jonathan Benartzi. Photo: Orel CohenJonathan Benartzi. Photo: Orel Cohen

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