Private Equity

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M-Fund VC

M-Fund VC is a top-performing Israeli early-stage venture capital fund and high-conviction venture platform designed to lead early, stay hands-on, and...

M-Fund VC logo

M-Fund VC

M-Fund VC is a top-performing Israeli early-stage venture capital fund and high-conviction venture platform designed to lead early, stay hands-on, and outperform over time. M-Fund integrates a VC and an Angel Club into one synergistic platform. M-Fund Club is an angel investors platform for early-stage startups, described as a community of high-achievers who back founders.

General information

Firm type

Private Equity

Year founded

2019

Location

Region

Middle East

Country

Israel

City

Tel Aviv

Corporate office

Tel Aviv, Israel

Principals

Lior Elkan

Founder & Managing Partner

Shiran Binyamin

CFO & Head of Fund Operations

Frequently asked questions

Who runs investment decisions at M-Fund VC?

Lior Elkan, the Founder & Managing Partner, leads investment decisions. He built the platform from an angel-investing base, sourcing and shaping early-stage Israeli startups before institutionalizing the approach. The firm highlights a flat, conviction-driven process without investment committees.

Is M-Fund VC structured as a single fund or a platform?

M-Fund operates as a synergistic platform combining a venture capital fund with an angel club. The angel club executes early-stage investments through special purpose vehicles, while the fund side provides follow-on capital and institutional oversight, creating a dual-engine architecture.

Does M-Fund VC have a sector specialization?

M-Fund does not disclose a strict sector mandate but emphasizes backing Israeli founders in overlooked sectors, often those that fall outside mainstream venture themes. The firm states it does not chase trends, instead seeking talent early in underfollowed areas.

What performance figures has M-Fund VC publicly reported?

As of June 30, 2025, the firm reported a 71% net IRR, 413% TVPI, and 46% DPI for its first batch of angel-club SPVs founded from 2019 through Q3 2024. These figures are sourced from the firm’s own website and apply only to that specific vintage of SPVs.

Who handles fund operations and investor reporting at M-Fund VC?

Shiran Binyamin serves as CFO & Head of Fund Operations. A CPA with more than a decade of experience in finance and fund administration, she manages investor reporting, cash management, fund structuring, and regulatory filings.

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