Updated:
Elah Fund
Calanit Valfer's Elah Fund supplies growth capital to Israeli deep-tech companies, bridging the commercial readiness gap for technology exports.
Elah Fund
Elah Fund was established by Founding & Managing Partner Calanit Valfer and Founding Chairman Scott Shay, operating from Zichron Yaacov. The firm is purpose-built for a narrow band of the Israeli innovation economy: companies that have proven their science but need operational and financial capital to scale manufacturing and global sales. The strategy targets growth-stage deep technology with a mandate centered on commercial readiness rather than concept-stage risk. The firm identifies opportunities where quantifiable impact is already demonstrable, then provides the growth capital needed to transition from prototype to full-scale production. Its scope is geographically concentrated around Israel's technology clusters, with an explicit global export orientation. A seven-member team runs the firm, spanning investment leadership, financial oversight, and legal and sustainability functions. The personnel structure suggests a deliberate lean-operation model typical of specialist investment firms that prioritize technical diligence over headcount growth. The firm operates with an integrated ESG and sustainability mandate embedded from the leadership level, with a dedicated role reporting into the management structure. This governance choice aligns the firm's investment process with the operational characteristics of its deep-tech portfolio targets, where environmental and social impact are often inherent in the underlying technologies.
General information
Firm type
Private Equity
Year founded
—
AUM
Undisclosed
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: