State of Mind Ventures

What State of Mind Ventures does

State of Mind Ventures (SOMV) is an Israeli seed-stage venture capital firm founded in 2016 and headquartered in Tel Aviv. The firm invests in early-stage technology startups across artificial intelligence, data infrastructure, SaaS, enterprise applications, cybersecurity, consumer, and direct-to-consumer sectors, with a stated thesis of backing founders who demonstrate "daring, hunger, and big ambitions." The firm is co-led by General Partners Nir Adler, Yuval Baharav, and Pinhas Buchris (the latter restricted to SOMV 1&2 vintages), supported by Venture Partner Merav Rotem Naaman, Principal Omer Kalderon, CFO Shelly Nice, and Controller Sagit Geller, with the broader team drawing on prior experience at Amdocs, Sequoia Capital Israel, Apax Partners, Verizon Ventures, AOL Ventures, Bain & Company, the Israeli Ministry of Defense, and EY.

SOMV's operating model is relationship-driven and community-led, anchored by a dedicated Founder Center application platform (somv.getproven.com) and an LP Center reporting portal. The firm provides hands-on portfolio support, including board representation, strategic guidance, and operational assistance from ideation through scaling, and has built a portfolio of 25+ named companies including Pliops, KanduAI, Percepto, SpacePharma, Optibus, Ask-ai, Oshi, and StreamElements. Multiple portfolio companies have been acquired by large technology acquirers, including Rivery (Boomi), Rezonate (Silverfort), Indeni (BlueCat), Cognigo (NetApp), and Perception Point (Fortinet), evidencing an active exit track record.

As a private venture capital fund, SOMV generates revenue through management fees and carried interest on invested capital rather than product sales. The firm employs 1-10 staff, focuses its investments regionally in Israel, and does not publicly disclose fund size, AUM, or fee economics. The firm maintains presence on LinkedIn, Facebook, and a Medium thought-leadership blog as its primary marketing channels.

Name

State of Mind Ventures

Legal name

State of Mind Ventures

Website

https://somv.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

State of Mind Ventures is a Tel Aviv-based seed-stage venture capital firm founded in 2016, investing in Israeli technology startups across AI, cybersecurity, SaaS, and deep tech, with exits to Boomi, Silverfort, BlueCat, NetApp, and Fortinet.

Ownership category

akta.pro rank

Headquarters

HQ city

Tel Aviv

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

Revenue model

1. Venture Capital Fund Management: State of Mind Ventures generates returns through equity investments in early-stage startups. The fund earns management fees and carries/performance fees from returns on invested capital in portfolio companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

State of Mind Ventures (SOMV) is a Tel Aviv-based seed-stage venture capital fund that invests in early-stage technology startups across AI, data infrastructure, SaaS, enterprise applications, cybersecurity, consumer, and D2C. The fund provides portfolio companies with capital, hands-on strategic guidance, operational support, network access, and board representation from ideation through scaling. It also operates a Founder Center platform for founder engagement and an LP Center portal for limited partners.

Product overview

State of Mind Ventures is a seed-stage venture capital fund that does not offer traditional technology products or services. The firm focuses on partnering early with innovative founders and teams across sectors including AI, data infrastructure, SaaS, enterprise applications, cybersecurity, consumer, and D2C. The company's offerings are limited to investment partnership, portfolio company support, and access to a Founder Center portal (somv.getproven.com) and LP Center portal for limited partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Seed-Stage Venture Capital Investment
• Founder Center Platform Online platform at somv.getproven.com used by State of Mind Ventures for founder applications, community engagement, and entrepreneur outreach. Supports deal flow intake and community building.
• LP Center Portal Portal for limited partners of State of Mind Ventures to access reporting, fund information, and tax documentation for the VC fund.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• Entrée Capital: Israeli-founded VC firm investing across stages with strong technology and consumer focus. Direct peer in Israeli early-stage venture investing with similar portfolio diversification across tech verticals.
• Viola Ventures: One of Israel's leading venture capital firms with multi-stage tech investments. Comparable to SOMV's Israeli base, technology focus, and track record of exits to strategic acquirers.
• Pitango Venture Capital: One of Israel's largest and oldest venture capital firms, investing across stages in Israeli tech startups. Directly comparable to SOMV as an Israel-based VC firm targeting seed and early-stage technology companies.
• Jerusalem Venture Partners (JVP): Leading Israeli VC firm with multi-stage funds focused on technology, cybersecurity, and enterprise software. Comparable to SOMV's Israel-centric, technology-focused investment thesis and stage focus.
• Vertex Ventures Israel: Israeli arm of global Vertex Ventures network, focused on early-stage technology investments in Israel. Comparable in geography, stage focus, and technology sector concentration to SOMV.
• Glilot Capital Partners: Israeli early-stage VC firm specializing in cybersecurity and enterprise software startups. Comparable to SOMV's cybersecurity portfolio focus (Trusstor, Perception Point) and early-stage Israeli investment model.
• iAngels: Israeli angel investment and venture platform focused on curated early-stage tech investments. Comparable to SOMV's community-driven GTM approach and seed-stage Israeli tech focus.
• OurCrowd: Israel-based global venture investment platform with broad tech sector exposure. Comparable to SOMV as an Israeli-headquartered VC platform with diversified technology portfolio and active deal flow.

Broad incumbents

• Sequoia Capital Israel: Elite global VC firm with Israeli operations. Comparable to SOMV through Yuval Baharav's prior partnership; represents the upper-tier benchmark for Israeli VC firms in terms of fund size, deal flow access, and exit track record.
• Bessemer Venture Partners: Global venture capital firm with active Israeli investments. Represents the broader incumbent competition for Israeli seed deals that SOMV must compete against for allocation and valuations.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/stateofmindvc
• LinkedInlinkedin.com/company/state-of-mind-ventures
• Xx.com/SOMV_VC

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments51 records

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

Frequently asked questions about State of Mind Ventures