# Elah Fund

Elah Fund is a Private Equity based in Zichron Yaacov, Israel.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Zichron Yaacov, Israel
- **Region:** Middle East
- **Address:** Zichron Yaacov, Israel
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** www.elahfund.com
- **LinkedIn:** https://www.linkedin.com/company/elahfund

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Deep Tech

## People

- 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

## 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.

### 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.

## Related profiles

- [Elaghmore Partners](https://altss.com/profile/elaghmore-partners)
- [Elaia Partners](https://altss.com/profile/elaia-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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