Ravtech

Ravtech, located in the ultra-Orthodox area of Bnei Brak, provides software development and testing services. All Ravtech employees are married ultra-Orthodox men who received prior training. Throughout the course of their training and while employed at Ravtech, participants continue part-time Torah studies, thus preserving their social status even when gainfully employed.

Joined IVN’s portfolio in 2014 as part of IVN's Tandem Fund

STATUS: Current

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Mentors

Edwin Slonim
Edwin has over 30 years of operational experience with high-tech companies globally, including senior management positions in Intel and as CEO prominent Israeli startups.

Paule Tzuker
Paule is the founder and CEO of the Nisha Group, a leading contingency placement firm in Israel, specializing in the high-tech and biotech industries. TheNisha Group is a subsidiary of the Danel Company which is traded on the Tel Aviv stock exchange and has more than 250 employees. The Nisha Group handles professional and executive placement, recruitment and local hiring worldwide. Paule brings with her more than 25 years of valuable experience in HR and placement..

Co-Investors

IVN, the Jewish Community Federation of San Francisco  and the Jewish Federation of Greater Washington

Impact

SROI

Number of Employers

  • 2014: 22-32
  • 2015: 29-46
  • 2016 (projected): 46

Number of Trainees

  • 2014: 18-27
  • 2015: 24-41
  • 2016 (projected): 41

Average Salary/Employee

  • 2014: NIS 2k/month
  • 2015: NIS 6.3k/month
  • 2016 (projected): NIS 10.3k/month

ROI

Annual Income

  • 2014: NIS 516k
  • 2015: 2.1 mil
  • 2016 (projected): NIS 4.9 mil

Self-generated Income as % of Total Income

  • 2014: 54%
  • 2015: 78%
  • 2016 (projected): 93%