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Elah Fund
Elah Fund I is a growth capital impact fund investing in medium-sized, revenue-generating companies in Israel's Negev and Galilee regions. The fund has made 10...
Elah Fund
Elah Fund I is a growth capital impact fund investing in medium-sized, revenue-generating companies in Israel's Negev and Galilee regions. The fund has made 10 investments, including a June 2025 investment in Maolac. Elah Fund I focuses on export-oriented companies.
General information
Firm type
Private Equity
Year founded
2016
Location
Region
Middle East
Country
Israel
City
Zichron Yaacov
Corporate office
Zichron Yaacov, Israel
Principals
Calanit Valfer
Founding & Managing Partner
Scott Shay
Founding Chairman
Dan Goldman
Partner
Ofer Porat
Senior Investment Director
Shmulik Tamir
CFO
Ariel Shay
ESG & Sustainability Manager
Amir Ivtsan
Legal Counsel
Sector focus
Frequently asked questions
What investment stage does Elah Fund target?
Elah Fund focuses on growth-stage companies, positioned beyond the venture capital proof-of-concept phase but before the scale required by large-cap private equity. The firm's stated mandate emphasizes deep technology that has already demonstrated quantifiable impact and is ready for commercial scaling.
Who makes investment decisions at Elah Fund?
Investment decisions are led by Founding & Managing Partner Calanit Valfer, supported by Partner Dan Goldman and Senior Investment Director Ofer Porat. Founding Chairman Scott Shay provides strategic governance rather than day-to-day investment committee participation.
Does Elah Fund invest exclusively in Israel?
Elah Fund sources its deals from Israel's technology ecosystem, which serves as its primary geographic focus. Its stated mission is to bring Israeli deep technology to global markets, suggesting the portfolio companies are export-oriented rather than domestic-market dependent.
How does Elah Fund approach ESG integration?
ESG is embedded in the firm's governance structure through a dedicated ESG & Sustainability Manager, Ariel Shay, who sits on the management team rather than in an external advisory capacity. This aligns with the firm's investment thesis that deep-tech companies carry inherent environmental and social impact characteristics.
What sector focus does Elah Fund maintain?
Elah Fund concentrates on deep technology with quantifiable impact. This typically spans sectors where scientific discovery meets industrial application, though the firm does not publish a breakdown of sub-sector allocations. Its two portfolio entries, Elah I and Elah II, serve as the only public indicators of investment activity.
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