# ION Crossover Partners

ION Crossover Partners is an Asset Manager based in Herzliya, Israel.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Herzliya, Israel
- **Region:** Middle East
- **Address:** Herzliya, Israel
- **Founded:** 2015
- **Assets under management:** $500M - $1B (Altss estimate)
- **Website:** ioncrossover.com
- **LinkedIn:** https://www.linkedin.com/company/ion-crossover-partners/

## Regulatory record

- **CRD number:** 315037
- **SEC file number:** 802-121697
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/315037

## About

ION CROSSOVER PARTNERS LTD is a registered investment adviser with the SEC, based in Herzliya since 2021.

## Sectors

- Enterprise Software
- Cybersecurity
- AI/ML
- FinTech
- Digital Health

## People

- Jonathan Kolber — Managing Partner & Co-Founder
- Gilad Shany — Managing Partner & Co-Founder

## Questions

### Who runs investment decisions at ION Crossover Partners?

Jonathan Kolber and Gilad Shany, the firm's co-founders and Managing Partners, jointly lead investment decisions. Kolber's background includes a partnership at Israel Growth Partners, where he spent over a decade investing across the Israeli technology landscape. The firm operates with a lean senior team, meaning most investment committee decisions involve the two managing partners directly.

### How does ION Crossover Partners source proprietary deal flow?

ION's sourcing advantage comes from its physical presence in Herzliya and its partners' multi-decade networks across Israeli technology. Unlike visiting crossover funds from the US, ION maintains continuous engagement with Israeli founders, venture investors, and investment banks that underwrite local IPOs. The firm's concentration on Israel-only deals means it competes on relationship depth rather than speed of term sheet issuance.

### Does ION Crossover Partners invest in fund commitments or only direct deals?

ION deploys capital almost exclusively through direct equity investments in late-stage private companies. The firm does not publicly operate a fund-of-funds program or make commitments to other venture capital or private equity managers. The concentrated nature of its portfolio — often fewer than 15 positions — reinforces the direct-investment model.

### What sectors does ION Crossover Partners explicitly avoid?

ION concentrates on enterprise-facing technology companies and has not disclosed investments in consumer-facing marketplaces outside of select insurtech positions like Lemonade. The firm does not invest in hardware, semiconductors, or deep-tech verticals such as quantum computing or aerospace. Its deal history shows no exposure to ad-tech beyond the ironSource position, which was held prior to its acquisition by Unity.

### What is ION Crossover Partners' track record with IPO exits?

ION's portfolio includes several companies that completed initial public offerings or high-profile M&A events. Riskified listed on the New York Stock Exchange in 2021. WalkMe went public on Nasdaq in 2021 before its acquisition by SAP in 2024. ironSource listed via SPAC in 2021 and was later acquired by Unity. Lemonade completed its NYSE IPO in 2020. The firm's strategy of holding through the listing means returns are correlated with post-IPO stock performance.

### How is ION Crossover Partners different from other Israeli growth funds?

Most Israeli growth-stage managers — such as Qumra Capital or Viola Growth — operate as traditional late-stage venture funds that exit before or at IPO. ION explicitly positions itself as a crossover vehicle, meaning it competes with global crossover giants like Tiger Global and Dragoneer rather than local venture peers. This crossover posture changes ION's holding period, diligence lens, and relationship with public-market investors who buy shares post-listing.

## Related profiles

- [Investissements Norco](https://altss.com/profile/investissements-norco)
- [iOThree](https://altss.com/profile/iothree-ltd)

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

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