ICI Fund

Venture Capital Active Fort Collins, United States Est. 2017
Visit website ↗ LinkedIn
Last updated 2026-06-18
Portfolio
15
in our dataset
Rounds participated
19
Rounds led
10
Rounds' value
$45.6M
total disclosed, rounds participated
Stages
Seed, Pre-Seed

About

ICI Fund (INNOVATION. COMMUNITY. INTELLIGENCE) is a US VC firm investing in Israeli founders developing deep tech, enterprise softwares solutions using innovative AI that increase efficiency and secure our future. ICI Fund believes strongly in a "Founder First" approach and invests in B2B pre-seed and seed stage companies, and actively supports the growth of its portfolio companies in the US market. ICI Fund's community comprises US business executives from various industries and Israeli exceptional founders.

Portfolio · 15

Feminai
Breast Cancer Screening Solutions
1 round $6.0M committed Latest: 2026-01
Insignito Solutions
Specializes in drone acoustics, delivering innovative sound-based solutions
Led ★ 1 round Latest: 2025-09
BioStream
Urine-based monitoring platform for brain health
Led ★ 1 round Latest: 2025-08
Buzzy Platform
AI-based Stress Monitoring Platform for Personalized and Data Driven Mental Care.
1 round Latest: 2024-11
Kando
Wastewater Intelligence Solution
3 rounds $10.0M committed Latest: 2024-10
illumex
Unified Business Data Language for Enterprise
2 rounds $13.0M committed Latest: 2024-06
Reborn Medical
Portable and Safe Brain Scanning and Monitoring
Led ★ 1 round $820K committed Latest: 2024-06
Pelles.ai
Auto-generated MEP Design
Led ★ 1 round Latest: 2023-08
Eureka Security
Cloud Data Security Posture Management Platform
Led ★ 1 round Latest: 2023-05
illustria
Supply Chain Security Platform
Led ★ 1 round Latest: 2022-07
Genda
Digital Assistant for Construction Site Managers
1 round $5.5M committed Latest: 2022-03
Viridix
Precision Irrigation Technologies and Services
Led ★ 2 rounds $6.0M committed Latest: 2022-02
Tailor-ED
AI-based Learning Bot
Led ★ 1 round $2.2M committed Latest: 2021-07
Suridata.ai
No-code SaaS Security, Visibility, and Control
Led ★ 1 round $2.1M committed Latest: 2020-12
Cycuro
Cloud-based Data Validation Platform for Mobility Services
Led ★ 1 round Latest: 2018-02

Investment activity

4 portfolio exits on record.

Portfolio by sector

Cyber Security4
Health Tech & Life Sciences4
Industrial Technologies3
Aerospace, Defense & HLS2
Agriculture & Food Technologies1
Business Software1
Education & Knowledge Technologies1

Funds · 2

  • 2 — $50M Oct 2022
  • 1 — $3.8M Oct 2017

Q&A

What is ICI Fund's primary investment focus?
ICI Fund is a US VC firm that invests in Israeli founders developing deep tech and enterprise software solutions using innovative AI. They focus on B2B pre-seed and seed stage companies.
When did ICI Fund raise its most recent fund?
ICI Fund raised Fund 2, totaling $50M, in October 2022.
Can you name a recent exit for ICI Fund?
In February 2026, ICI Fund saw an exit with the acquisition of illumex by Nvidia for $60M. Another notable exit was Suridata.ai, acquired by Fortinet for $100M in May 2025.
What are some of ICI Fund's most active investment sectors?
ICI Fund shows concentration in Industrial Technologies, Cyber Security, Business Software, and Health Tech & Life Sciences, each with multiple investment rounds.
Who is a key member of ICI Fund's leadership team?
Gili Elkin is the Founder & Managing Partner at ICI Fund.
What is ICI Fund's typical investment stage?
ICI Fund primarily invests in Pre-Seed and Seed stage companies.
Which portfolio company in the Cyber Security sector had a recent exit?
Eureka Security, a cloud data security posture management platform, was acquired by Tenable in June 2024.
What is the geographic focus of ICI Fund's investments?
ICI Fund focuses on investing in Israeli founders, supporting the growth of their portfolio companies in the US market.
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