Gemini Israel Ventures

Yossi Sela serves as managing partner and leads investment decisions, working alongside founding partner Ed Mlavsky. The partnership structure is flat, with day-to-day sourcing and portfolio management conducted by a small team of partners who have worked together for multiple fund cycles, per the firm's public communications.

Gemini draws on three decades of relationships within Israel's tightly networked startup ecosystem. Many portfolio company founders from Gemini's earlier funds have become angel investors and serial entrepreneurs who refer new deal flow back to the firm. The partnership's tenure — active since 1993 — means Gemini partners have first-hand relationships with nearly every generation of Israeli tech leadership.

Gemini invests primarily at the seed and Series A stages, typically leading or co-leading rounds for Israeli companies with global market ambitions. The firm reserves capital for follow-on investments in subsequent rounds, though later-stage deployment is selective and concentrated on breakout portfolio companies.

Gemini operates as a direct venture investor, making equity investments in startup companies. The firm does not operate a fund-of-funds strategy, nor does it publicly disclose LP commitments to other venture managers. Its five core funds have consistently pursued direct early-stage positions in Israeli-founded technology companies.

Gemini has historically avoided capital-intensive sectors such as cleantech hardware, semiconductor fabrication, and therapeutics development. The firm's partnership experience is concentrated in asset-light software and technology-enabled services businesses where product development cycles align with venture fund timelines.

The Gemini Israel Foundation operates as a separate philanthropic entity funded by the firm's partners, focused on education and community development in Israel. It is structurally distinct from the venture funds and does not make for-profit investments or hold portfolio company equity.

Gemini regularly co-invests alongside other venture firms, particularly in Series A rounds where a syndicate of Israeli and US investors participates. The firm's long operating history and relationships with funds like Sequoia Capital and Bessemer Venture Partners, with whom it has shared portfolio exposure, facilitate these co-investment structures.