IL Ventures

IL Ventures, founded in 2021 by Yoni Heilbronn and Elad Frenkel, is a venture capital firm investing in pre-seed and seed-stage Israeli startups. They focus on developing disruptive deep technologies for traditional industries, combining capital with operational expertise from their team of industry executives. This approach helps founders scale globally in areas like AI, logistics, supply chain, robotics, energy, and smart manufacturing. The firm successfully managed a first fund of $30 million and is currently raising a second fund targeting $100 million, backed by top-tier global investors and partners. Key figures include co-founders Yoni Heilbronn (ex-Argus) and Elad Frenkel, alongside Co-founder Dror Erez, and advisors such as Eugene Kandel (advisory committee), Elad Ziklik (ex-Oracle AI director), and Orit Stav (ex-Siemens).