IVN’s Tandem Fund Launch – the first social venture fund in Israel

Posted by on Apr 30, 2013 in Events, News |  

shlomo_benny_uzi_smaAt a tasteful luncheon held at Tel Aviv’s Bayit Hayarok on Monday, April 22, IVN launched its Tandem Fundthe first social venture fund in Israel.

Amongst the almost 70 guests were distinguished partner Mr. Barak Loozon, Director for Young Adult Engagement to Israel at the Jewish Community Federation of San Francisco; Prof.  Shlomo Mor-Yosef, Director General of Bituach Leumi; Ms. Judith Yovel Recanati; Dr. Ronit Amit, Executive Director of the Recanti Family’s Gandyr Foundation; Ms. Ella Alkalai, VP at IBI; Mr. Nechemia (Chemi) Peres, Managing Partner and Co-Founder of Pitango Veture; Mr. Uzi Dayan, National Lottery (Mifal Hapayis) Chairman; Mr. Shmuel Levy, Managing Partner at Sequoia Capital Fund; Mr. Shai Beilis, Managing Partner at Formula Ventures & IVN Mentor; Ms. Iris Reff-Ronen, CEO of Unistream; Mr. Avi Shapira, CEO of NPTech; many more leading executives from Israel’s business community; IVN board members, members and mentors (members of the IVN network, who are among the leading entrepreneurs in Israel and the US with years of business, strategic, marketing, funding, technical, and financial expertise to share with IVN entrepreneurs) and IVN supported entrepreneurs.

The appetizing lunch was followed by a speech from IVN’s Vice Chairman, Mr. Benny Levin, who spoke about social investment as the way to generate social impact and about IVN’s Tandem Fund, where every dollar invested is cycled back through the fund — repaid by the social enterprise, then invested back into other enterprises for a leveraged, long-lasting impact.
We are grateful to our initial group of Tandem investors: the Jewish Community Federation (JCF) of San Francisco, Bank Mizrahi and IBI Investment House.

Three IVN-supported entrepreneurs (current and alumni) spoke about their enterprises and about their partnership with IVN. The speakers included: Ms. Shirley Katzir – Cinderella; Mr. Amiad Lapidot – Eretz Carmel; Mr. Avi Shapira – NPTech.

To read more about these IVN ventures and others, click here.

The event launched IVN’s Tandem Fund, a fund dedicated to creating opportunity and sustainable social change by investing in social enterprises that pursue innovative and entrepreneurial solutions to social challenges– through IVN’s Social Venture Program.
The event was filled with interesting speakers and scintillating conversations and presented a marvelous opportunity to learn and network.

To see pictures from the event, click here.

To read an article (in Hebrew) about the event published on April 24, 2013 in Globes, click here.