In a powerful demonstration of solidarity, over 220 venture capital firms have come together to express their unwavering support for Israel’s tech ecosystem. The open letter, published on Thursday, represents a significant effort by startup investors to stand by the state of Israel and its tech community during a challenging period.
Venture capital giants such as Bain Capital Ventures, Bessemer Venture Partners, GGV Capital, and 8VC, among others, have added their signatures to this joint statement. They are joined by early contributors including Aliavia Ventures and irrvrntVC, collectively representing the global investment community.
The letter resounds with a clear and resolute message, stating that these firms “stand united” in support of Israel, its people, and the tech community that has long been a driving force in the global innovation ecosystem. It condemns the “senseless and barbaric acts of terrorism,” bearing witness to the suffering caused and passionately deploring the loss of innocent lives.
The global venture community is called upon to rally behind Israeli startups, entrepreneurs, and investors as they navigate through these challenging times. The letter emphasizes the belief in a brighter and more prosperous future for the region and a commitment to enabling talented entrepreneurs and startups in Israel to shape a better future for all.
Amid a week of historic violence that has deeply affected both Israelis and Palestinians, this collective effort demonstrates the resilience and unity of the global venture community. It’s a reminder that support goes beyond borders, transcending geopolitical conflicts to empower innovation and progress.
While this letter is a strong symbol of solidarity, it’s also a practical call to action. The global venture community is encouraged to engage with Israeli startups and entrepreneurs, contributing to their growth and resilience during these challenging times.
In a world where words can be impactful, these VC firms have demonstrated their commitment to Israel, and now, the hope is that this support will continue to grow. The joint statement represents not just an endorsement but a reminder that, even in turbulent times, innovation knows no bounds.
As these 220+ firms continue to show their unwavering support, it’s a testament to the enduring spirit of unity and the power of investment to drive positive change in challenging times.