The Israeli VC First Check Report 2026

The short answer: Of 18 Israeli early-stage funds we profiled, only 4 state a first-check range in a primary source. At seed, TLV Partners states initial investments of $4M to $8M and Hetz Ventures an average investment of 5 to 7 million, close to the $8M median of the announced seed rounds in our sample. Below $1M, the published options are Fusion ($150,000), Fresh Fund (typically $500,000 to $750,000) and TAU Ventures (up to $1M). Pre-seed barely appears in public data: 2 of the 56 early-stage rounds we analyzed were reported as pre-seed. Team8 appears in 12 of the 56 rounds, more than any other investor.

What the sample is: the 56 rounds are every Israeli pre-seed, seed and Series A round announced between November 2025 and October 2026 that appears in the Velo database or in our verified list, after removing duplicates and misdated records. It is the announced market, not the whole market: many pre-seed and seed rounds are never announced, and the ones that make the press skew larger. The medians below describe announced rounds with a reported amount.

Research period: November 1, 2025 to October 31, 2026. Check sizes and fund sizes come from fund websites and fund announcements, verified on November 1, 2026. Round data comes from the Velo database and from our verified list of 2026 rounds. Every number below is labeled with its source. Spotted an error or a missing deal? Tell us and we will update the report.

Five findings

• Most funds do not publish a check size.4 of the 18 funds state a first-check range in a primary source, and one more states an average investment. For the other 13, a founder cannot tell from public information whether the round fits.
• A seed fund may write most of the round.TLV Partners states initial investments of $4M to $8M, and Hetz Ventures an average investment of 5 to 7 million. The median announced seed round in our sample was $8M (27 seed rounds with a reported amount).
• Below $1M the list is short.Fusion invests $150,000 for 7.5%, Fresh Fund typically $500,000 to $750,000 and up to $1M, usually as lead, and TAU Ventures up to $1M as a first investment.
• Pre-seed is nearly invisible in public data.2 of the 56 early-stage rounds were reported as pre-seed. The median announced Series A was $30M. Headlines describe a market of large rounds.
• Activity is concentrated.Team8 appears in 12 of the 56 rounds and is recorded as lead or co-lead in 6. Next come 10D and Insight Partners with 5 each. Cybersecurity and AI each appear on about half of the rounds.

First-check ranges, as the funds state them

Only funds with a published first-check range in a primary source are shown. Hetz states an average investment (5 to 7 million), which is not necessarily a first check, so it appears in the table below.

Most active investors in the sample

Appearances across 56 early-stage Israeli rounds (pre-seed, seed, Series A and combined seed and A launches). The lead count is a floor, because the lead is recorded for only part of the rounds.

The 18 funds

Filter by stage, by funds that publish a check size, or by funds that state they lead rounds. "Rounds in sample" counts appearances in the 56 rounds, which is a lower bound on activity, since many early deals are never announced.

Which funds fit your raise

Based only on each fund's stated criteria. It does not mean a fund is currently taking new investments.

• $500K pre-seed:Fusion, Fresh Fund and TAU Ventures.
• $1.5M pre-seed:Fresh Fund as a lead for up to $1M, alongside angels or a second fund. StageOne describes itself as a first-check investor but does not publish a size.
• $3M seed:none of the 18 funds publishes a first check between $1M and $4M. This is the gap between pre-seed funds that write up to $1M and seed funds that start at $4M, and it usually means a combined round.
• $7M seed:TLV Partners by stated first check, and Hetz by stated average investment; lool and YL Ventures state that they lead seed rounds but do not publish a size.
• $12M Series A:TLV Partners as part of a syndicate, Team8 Capital (states it leads seed, A and B rounds, size not published), and Entrée Capital's $175M fund for A and B rounds.

Methodology and limitations

We profiled 18 Israeli funds that appear in the period's early-stage rounds, hold the largest Israeli portfolios in the Velo database, or run a pre-seed program. A check size counts as published only if it appears on the fund's site, in a fund announcement or in a direct quote, and refers to a first or initial investment. Two funds have a range in our database without a recorded source, and a Team8 Capital range we had cited earlier could no longer be verified on November 2, 2026; all three are listed as not published. Fund sizes are for the most recent vehicle we could verify, and several date from 2021 to 2023. The round sample combines 52 rounds from the Velo database and our verified 2026 list (36 rounds checked against official announcements), deduplicated to 56 companies. In the database, many fund links are recorded at the company level, so an appearance is not always a confirmed participation in that specific round. Activity counts are lower bounds. We excluded acquisitions, duplicates and historical rounds that were misdated. We did not divide any round between its investors to estimate a check.

Sources

1. Velo Labs: Notable Israeli startup rounds in 2026 (verified list)
2. Fusion: first check (checked November 1, 2026)
3. Fusion: fund size (checked November 1, 2026)
4. Fresh Fund: first check (checked November 1, 2026)
5. TAU Ventures: first check (checked November 1, 2026)
6. TLV Partners: first check (checked November 1, 2026)
7. Hetz Ventures: first check (checked November 1, 2026)
8. lool ventures: fund size (checked November 1, 2026)
9. 10D: fund size (checked November 1, 2026)
10. Cyberstarts: fund size (checked November 1, 2026)
11. Glilot Capital: fund size (checked November 1, 2026)
12. YL Ventures: fund size (checked November 1, 2026)
13. StageOne Ventures: fund size (checked November 1, 2026)
14. Angular Ventures: fund size (checked November 1, 2026)
15. Grove Ventures: fund size (checked November 1, 2026)
16. Aleph: fund size (checked November 1, 2026)
17. Entrée Capital: fund size (checked November 1, 2026)