About
The Challenge Fund-Etgar II LP was a pioneering Israeli venture capital firm active from 1995 to 2014, specializing in equity investments in privately held and publicly traded Israel-related companies across all stages and a diverse range of industries. Through its two funds, it invested in 77 portfolio companies, achieving over 30 exits, including significant acquisitions like CopperGate by Sigma Designs, 3DV by Microsoft, and Bitband by Motorola, alongside 10 NASDAQ IPOs and over 20 M&A events. Co-founded by Joseph Ciechanover, who also served as its President and held prominent roles at El-Al Israel Airlines and Israel Discount Bank, The Challenge Fund was among the first investment funds in Israel, providing crucial capital for alternative, Israel-based investments and offering open innovation scouting services to multinational corporations.
Portfolio · 4
Investment activity
2 portfolio exits on record.
Portfolio by sector
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
| Founded | 1995 |
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