MoreVC

What MoreVC does

MoreVC is an Israeli venture capital firm founded in 2006 (originally as ICV - Israel Cleantech Ventures, rebranded in 2017) that invests in pre-seed, seed, and Series A technology startups headquartered in Israel. The firm is led by founding partners Jack Levy, Glen Schwaber, and Meir Ukeles, with Lila Frenkel as Partner and CFO, Elliott Sussman as Partner (focused on cybersecurity), and venture partners Rony Patishi-Chillim (agtech/foodtech) and Arnon Goldfarb (industrial/water). The team is small (~7 people), based in Ra'anana, and currently manages its third fund. MoreVC backs over 40 portfolio companies across diverse sectors including cybersecurity (Claroty, C2A Security), foodtech and agritech (Imagindairy, Gavan, Wanda Fish, Groundwork BioAg), AI (ZipBio, UG Labs, Quinn, Grid4C), mobility and logistics (Freightos, Ubeya), radar/sensing (Vayyar), climate (CarbonBlue), and cleantech (Scodix, Tigo Energy, Fluence).

The firm's business model is fund-based venture investing, generating returns through portfolio company exits via acquisition or IPO. MoreVC typically deploys $500K-$3.5M initial checks and reserves capital for follow-on investments in performing companies, building concentrated portfolios with active board participation and hands-on strategic support. Initial deal access is sourced through the team's network of veteran founders, IDF technical alumni (notably Unit 8200), and co-investors. The firm receives institutional backing from InnovFin Equity under the EU's Horizon 2020 Financial Instruments and has produced multiple notable outcomes: Prospera (acquired by Valmont for $300M), WeissBeerger (acquired by AB InBev), Tolstoy and Oxeye (acquired by GitLab and Tray.ai respectively), plus public listings including Freightos, Tigo Energy (Nasdaq: TYGO), Groundwork BioAg (Nasdaq: CRGO), Scodix (TASE: SCDX), and Fluence (ASX: FLC).

MoreVC differentiates on the depth of its operating partner network and its emphasis on founder-friendly engagement, providing recruitment assistance, strategic introductions to Fortune 500 strategics, and ongoing board involvement. The firm does not produce technology products, does not have proprietary AI/ML capabilities of its own, and operates without disclosed revenue, AUM, or fund size data. Its core 'product' is concentrated seed-stage venture capital, distributed via direct investment with active portfolio management across Israel's startup ecosystem.

Name

MoreVC

Legal name

MoreVC

Website

https://morevc.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

MoreVC is a Ra'anana-based Israeli venture capital firm founded in 2006, investing seed and Series A capital into Israeli technology startups across cybersecurity, foodtech, AI, climate, and mobility. The firm manages its third fund with a small partner team and over 40 portfolio companies.

Ownership category

akta.pro rank

Product category

Venture Capital Investing

NAICS

Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Micro-VC & Angel Funds (FSANAAAI)

Keywords

• Venture capital investing
• Seed stage funding
• Early stage investment
• Technology startup capital
• Pre-seed investment

Headquarters

HQ city

Ra'anana

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Returns / Fund Management: MoreVC generates returns through successful exits of portfolio companies. As a VC firm, they manage multiple funds (currently on Fund III) and earn returns through distributions from portfolio company liquidity events including acquisitions and IPOs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MoreVC is an Israeli venture capital firm that invests seed, pre-seed, and A-round capital into Israeli technology startups, typically deploying $500K–$3.5M per company with reserved follow-on capital and active board participation. The firm partners with mission-driven entrepreneurs across sectors including AI, cybersecurity, foodtech, agritech, mobility, manufacturing, logistics, biotech, energy, and climate, currently managing Fund III after 17+ years of operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund III (current active venture capital fund) Current active venture capital fund managed by MoreVC, deploying capital into pre-seed, seed, and A-round Israeli technology companies with initial investments of $500K–$3.5M and reserved follow-on capital. The fund serves Israeli technology startup founders and Limited Partners seeking exposure to the Israeli venture ecosystem.
• MoreVC Seed and Pre-Seed Investment Program Early-stage investment program offering pre-seed and seed capital to Israeli technology startups, with active board participation, recruitment support, strategic guidance, and introductions to Fortune 500 strategics and multinationals. Targeted at mission-driven founders building companies that will make a difference.

Quantifiable outcome

• Over 40 companies supported as trusted partner
• +2 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• JVP (Jerusalem Venture Partners): Israel-focused early- and growth-stage VC founded in 1993, with prior partner Glen Schwaber. Comparably sized funds and similar stage focus to MoreVC, serving as the most direct peer in the Israeli seed/early-stage market.
• Pitango Venture Capital: One of Israel's largest early-stage VCs investing across technology verticals. Comparable in sector breadth and Israeli focus, though typically with larger fund sizes than MoreVC.
• Vertex Ventures Israel: Israel-focused early-stage VC backed by Temasek, investing in seed and Series A Israeli tech startups. Direct competitor for Israeli early-stage deals with comparable check sizes.
• StageOne Ventures: Israeli seed and early-stage VC focused on enterprise and deep tech. Comparable in stage focus (seed/A) and Israeli-only mandate, overlapping with MoreVC's portfolio in cybersecurity and enterprise.
• OurCrowd: Israel-based global venture investing platform with portfolio diversification similar to MoreVC. Comparable in Israeli focus and early-stage mandate, though uses a crowd-funding structure for LP access.
• Vintage Investment Partners: Israel-based investment platform that invests in and alongside Israeli VCs as an LP and co-investor. Operates as both a peer GP and a potential LP/customer for MoreVC funds.
• Sarona Ventures: Israeli early-stage VC investing in seed and Series A tech startups. Direct competitor for Israeli founder relationships and comparable in stage focus and ticket size.

Broad incumbents

• Insight Partners: Global scale-up and venture investor with deep Israeli operations. Frequently leads rounds in MoreVC portfolio companies' later stages (e.g., Vayyar, Claroty) and competes for the same Israeli tech deal flow.
• Sequoia Capital (Israel operations): Global VC with active Israel presence after establishing local operations. Represents a much larger incumbent that competes for top Israeli founders and can outbid MoreVC on premium rounds.
• Battery Ventures: Global technology investment firm with deep Israeli portfolio and active seed program. Competes for Israeli early-stage deals and provides follow-on capital, positioning it as a co-investor and competitor to MoreVC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/MoreVC_IL
• LinkedInlinkedin.com/company/morevc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments61 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MoreVC