How To Find Angel Investors: Top 8 Angel Networks In Israel

If you’re looking for capital for your startup in Israel, reaching out to angel investors are great way to start! Angel networks are increasingly active in Israel: they are syndicates (groups) of angel investors that get together to invest in high-growth startups.

In this article, we’ll tell you everything you should know about angels and angel investment networks. Also, we’ve compiled below a list of the top 8 angel networks in Israel so you can start reaching out to them. We’ll cover:

What (Exactly) Is An Angel Investor?

Also referred to as “angel”, an angel investor is a private individual who has the financial capacity to provide initial capital for a business or a startup. In return for their investment, angels get shares in the company in the form of equity or convertible debt.

Angel investors may sometimes provide a one-time investment to startup businesses in order for them to launch their company. Most often however, angel investors pledge continued financial support: they reinvest in further rounds as the startup scales up, until it makes a profit.

Make no mistake: angels rarely invest out of pure altruism, and their investment is never free money. Instead, angel investors look to generate a profit out of their investment.

Because angels often invest very early on (unlike VC funds – more on that below), they typically look for significant return on investment. A study actually looked at the returns of 3,097 investments by 538 angels worldwide. On average, their return was 2.5 times, meaning an impressive IRR of 27%.

When we think about Angels, we often only refer to high-net-worth individuals yet there are other types of angel investors. Actually there are 4 different types of angels: friends & family members, private individuals, groups of investors, and crowdfunding platforms. For more information on what they are and how they differ from each other, read our article here.

So What’s An Angel Network?

Some angel investors sometimes also invest in groups. This partnership makes it easier to cover a larger geographical area or pull their resources to focus on one specific industry. They also form groups to invest more funding and resources to businesses than they can muster independently. 

Every angel investor group has a different application process. Also, like any other investor, they receive a ton of pitches. The best way to impress them is to make sure your pitch deck stands out among the crowd.

5 Ways To Find Angels In Israel

There are a number of ways to contact, and find angel investors. They are:

1. Networking

Friends and family are the most common sources small business owners turn to when finding angel investors.

While this is usually fine if you happen to be related to a multi-millionaire, you might want to pass on considering financial help from your loved ones if you want to avoid falling out with them. If you are determined to seek financial aid from family and friends, make sure you have a legally binding contract, not just an informal agreement.

Don’t hold out on telling your friends about looking for funding. Even if none of the people you know can invest in your business, you can get their help in asking their contacts for an angel. The more people, the likelier somebody is to know somebody willing to invest. In addition, a personal referral can go a long way. 

By attending industry events and meet-ups, you can potentially meet angel investors yourself. Even if Dedicated “angel events” help you connect with investors looking for new opportunities. Since angels are usually acquainted with other angels, they may introduce you to other investors.

2. Angel investor groups

Some angel investors work in groups. This partnership makes it easier to cover a larger geographical area or pull their resources to focus on one specific industry. They also form groups to invest more funding and resources to businesses than they can muster independently. 

Every angel investor group has a different application process. Also, like any other investor, they receive a ton of pitches. The best way to impress them is to make sure your pitch deck stands out among the crowd.

We’ve listed further below a list of the top 10 angel networks in Israel so you can reach out to them!

3. Website platforms

Other than social networking platforms like LinkedIn, other websites are specifically dedicated to connecting angel investors and startups that need funding.

Examples of these website platforms include AngelList or FundingPost.

4. Do your research

Several websites like Crunchbase and Pitchbook allow the public to access their curated lists of angel investors.

That way, you can review through their lists of investors, search for those that fit your niche, region, and requirements. While Pitchbook requires you to pay, you can access the list curated by Crunchbase for free.

5. Startup incubators and accelerators

Startup incubators and accelerators are organizations that offer support and services to startups at their earliest stages.

They have an extensive network of mentors as well as angel investors and venture capitalists. When you avail of their services, they often put you in contact with these investors and other networks that may benefit your business. Also, they offer mentoring from other local businesses and accomplished professionals. 

The Top 8 Angel Networks In Israel You Should Know

Angel network	Number of investors	Deals (to date)	Ticket size (to date)	Investment focus
AfterDox	50+	13	$100k – $500k	Internet, Telecom, AdTech, Media, Security and IT
Angel Investment Network	N/A	N/A	$25k – $1M	Sector-agnostic
Neome	35+	9	$150k to $250k	Sector-agnostic
Neo TLV	N/A	None	N/A	Deep tech
SeedIL	65+	32	Typically $150k to $250k	Sector-agnostic
Spinach	N/A	10	Up to $250k	B2B SaaS
TechAviv	150+	10	$500k – $3M	Sector-agnostic
toDay Ventures	10+	4	Typically $150k	B2B

1. AfterDox

AfterDox is an angel investor network based in Tel Aviv with over 50 members. They focus on Internet, Telecommunications, AdTech, Media, Security and IT.

Also, they typically invest anywhere from $100k to $500k per investment. Since their inception, they have invested in 13 startups.

Like any other angel network, AfterDox has a strict investment thesis. So before you contact them, have a look at their investment criteria there to see if your startup is a fit.

2. Angel Investment Network

The Angel Investment Network is a global platform that connects angels with startups. Globally, they have more than 287,000 angel investors on their website.

Angel Investment Network also has a dedicated website for Israel startups and angel investors.

As a startup, you will need to register here and upload your pitch deck. Angel Investment Network has multiple subscriptions available for startup: you can post your pitch deck either for free with limited features, or pay anywhere from $199 to $1,999 for your startup to be listed on their platform. See more information on their pricing here.

3. Neome

Neome is a female-led angel investor network based in Tel Aviv and founded in 2017. They invest in female-led early-stage startups in Israel and do not have any specific sector focus.

Since their inception in 2017, the network invested in 9 startups, typically from $150k to $250k for each deal.

4. Neo TLV

Neo TLV is a recent angel investor network that was founded in 2021. They haven’t closed any deal yet.

Their focus is on deep tech early-stage startups in Israel. So if you think you fit in there, make sure to send them your pitch deck there.

5. SeedIL

SeedIL is an angel investor network based in Herzliya and founded in 2014. As of today, they have over 65 members who invested in 32 startups.

SeedIL doesn’t have a specific sector focus. If you’re interested, apply here.

6. Spinach

Spinach is a group of angels investing in early-stage B2B SaaS startups in Israel. They typically invest up to $250k per investment.

To date, they have invested in 10 startups in a variety of B2B SaaS verticals, see the full list here.

7. TechAviv

TechAviv is arguably the most active and biggest angel network in Israel. To date, they have over 150 members including 33 unicorn founders across 28 industries.

Since their inception in 2007, they have invested in over 80 startups.

They are sector-agnostic. Also, unlike most angel networks, they typically invest large tickets: anywhere from $500k to $3 million per investment.

8. toDay Ventures

toDay Ventures is both an angel investor network and an incubator (Today Boost) based in Tel Aviv. The network primarily focus on B2B early-stage startups.

They’re also relatively recent as they’ve been around since 2020. Since then, they invested in 4 startups in a number of B2B verticals: logistics, software and IT.

More Free Resources For Israeli Startups

We have lots of free resources for Israeli startups. Have a look at our articles below:

• Israel’s Top 6 Public Grants For Startups [2021]
• Israel’s Top 11 Startup Accelerators You Should Know