The Challenge Fund, Etgar

A Tel-Aviv, Israel-based venture capital investment firm that invested in information technology, telecommunications, life sciences, high-tech, and traditional industries.

Venture Capital Tel Aviv-Yafo, Israel Est. 1995
Last updated 2026-07-20
Portfolio
1
in our dataset
Rounds participated
1
Rounds led
0
Rounds' value
$13.0M
total disclosed, rounds participated
Stages

About

The Challenge Fund - Etgar L.P. was a Tel-Aviv, Israel-based venture capital investment firm founded in 1995. The firm invested in information technology, telecommunications, life sciences, the high-tech sector and related areas, and traditional industries. It invested in both public and private companies. The firm was closed in 2015.

Portfolio · 1

Investment activity

2 portfolio exits on record.

Portfolio by sector

Health Tech & Life Sciences2
Business Software1
Industrial Technologies1

Q&A

What is The Challenge Fund, Etgar's primary focus?
The Challenge Fund, Etgar was a pioneering Israeli venture capital firm specializing in equity investments in privately held and publicly traded Israel-related companies across all stages and a diverse range of industries.
When was The Challenge Fund, Etgar founded and what was its active period?
The Challenge Fund, Etgar was founded in 1995 and was active until 2014.
Who co-founded The Challenge Fund, Etgar?
The Challenge Fund, Etgar was co-founded by Joseph Ciechanover and Edgar Bronfman.
How many portfolio companies did The Challenge Fund, Etgar invest in?
Through its two funds, The Challenge Fund, Etgar invested in 77 portfolio companies.
Can you name a notable exit for The Challenge Fund, Etgar?
One notable exit for The Challenge Fund, Etgar was the acquisition of Flash Networks by Volaris Group in June 2020.
What was another significant exit for The Challenge Fund, Etgar?
Another significant exit was the acquisition of CogniTens by Hexagon in December 2007 for $20M.
Which sectors have seen exits for The Challenge Fund, Etgar?
The Challenge Fund, Etgar has seen exits in the Business Software and Industrial Technologies sectors.
Can you name some of The Challenge Fund, Etgar's portfolio companies?
Notable portfolio companies include EarlySense and XTL Biopharmaceuticals.
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Identifiers & details

Founded1995