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The Venture Codex

2B Angels

32 Schoken St., Tel Aviv, 6655613, Israel

Overview

Founded in 2009 and based in Tel-Aviv, 2B-Angels is an early stage micro venture capital fund. We invest in disruptive startups and exceptional entrepreneurs. The initial investment range is $250K-$750M in Seed and Pre-Series A rounds, with reserve capital for follow-on funding in future rounds. There is a strong and growing market need for value ad funding between Angels funding and significant series A. Our mission is to provide extensive mentorship and support to help our portfolio companies find the right product market fit, discover key insights and obtain significant metrics to raise additional funding to build their market presence. We focus on innovation in enterprise software, cyber security and digital communications.

Total investments
29
Lead investments
7
Investments · 12mo
0
Active investors
1

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Coralogix

    Participated · Series C · Jul 2021

    Founded in 2014 and headquartered in Boston with roots in Israel, Coralogix provides a platform that collects and analyzes operational data—logs, metrics, and traces—to detect outages, investigate incidents, and optimize applications. Its platform is used by more than 5,000 customers worldwide, including IBM, Tradeweb, and JFrog, and the company employs over 600 people globally. Coralogix grew revenue more than 60% over the past year, surpassed $100 million in annualized revenue more than a year ago, and counts roughly 30 customers spending over $1 million annually. The company competes in observability with vendors such as Datadog, New Relic, and Splunk and is embedding AI into monitoring and incident-response workflows, notably through its AI agent Olly; more than half of enterprise customers now use Olly or their own AI models to query operational data. Coralogix plans to invest further in AI-focused products, security, and international expansion while working toward profitability in the coming years.

  • Novidea

    Participated · Series B · Jun 2021

    Novidea provides a cloud-native, data-driven enterprise insurance management platform that enables agents, brokers, MGAs, wholesalers, and specialty insurers to automate repetitive processes, improve data quality and access, and enhance customer experience. Its software drives operational efficiencies and resilience for insurance organisations undergoing digital transformation. Over recent years Novidea has experienced hyper-growth, selling to leading insurance organisations globally and increasing headcount across the UK, North America, and Europe; it also launched in Southeast Asia in late 2023. The company announced an additional $30 million from HarbourVest Partners, bringing its Series C to $80 million and total capital raised to $120 million. Novidea plans to use the proceeds for organic expansion into additional territories, to accelerate product innovation, and to support inorganic growth including potential strategic acquisitions. The company has also published market research highlighting strong demand for core-technology replacement in insurance (reporting 75% of global insurance businesses plan to change core technology in the next two years) and recently augmented its senior leadership team, including CFO Eran Ben Ezer, CCO Yaniv Cohen, CTO Erez Nissim, and CRO Jeffrey Heine. Novidea builds a cloud-native, data-driven insurance management system that supports the full insurance policy and distribution lifecycle. The platform uses an open API architecture and is built to leverage Salesforce’s technology, providing an integrated ecosystem for customer-facing policy transactions and middle/back office operations. It targets brokers, agents, MGAs, and carriers, enabling them to modernize and manage the end-to-end customer insurance journey. Novidea serves more than 100 customers across 22 countries. The company is led by CEO Roi Agababa and is based in Milwaukee (US), London (UK), and Netanya (Israel). Novidea is a cloud-based insurance platform that provides policy sales growth, increased profitability, and enhanced operating efficiency through analytical tools, unique information analyses, and real-time business insights. The company offers end-to-end management for insurance distribution and positions its analytics as actionable information for customers. Founded in 2009, Novidea targets the traditional insurance agency ecosystem and carriers that rely on legacy systems and manual processes. Management reports increased global demand for its platform and plans to use new capital to accelerate the product roadmap and expand internationally. Novidea emphasizes advanced analytic capabilities that convert insurance parameters into real-time business insights to help customers increase operational efficiencies and revenue. Novidea is a New York-based cloud platform for managing the entire insurance distribution lifecycle. The company completed a $15 million Series B financing. The round was led by JAL Ventures Fund II and included participation from existing investors KT Squared LLC and 2B Angels. Proceeds will be used to expand Novidea's operations in the US, the UK, and other international markets. The funding will also be used to accelerate product innovation.

  • Centrical

    Participated · Equity · Mar 2021

    Centrical offers a comprehensive performance management platform that integrates real-time performance tracking, gamification elements, and personalized learning to help organizations improve employee engagement and productivity. The company is headquartered in New York City and was founded to address workforce performance improvement. With the $39M Series D, Centrical plans to scale operations and continue developing its platform. The financing positions the company to expand its product and operational footprint, though the article did not disclose revenue or user metrics. Leadership highlighted the capital will support continued platform development and scaling efforts. No additional historical funding details or valuation were provided in the article.

  • Greeneye Technology

    Participated · Seed · May 2020

    Greeneye Technologies, founded in 2017 and led by CEO Nadav Bocher, develops AI-enabled precision spraying technology to offer sustainable alternatives to conventional crop protection. The company harnesses AI and deep machine learning to make intelligent, real-time decisions in the field that are proven to cut chemical use and improve weed-control efficacy versus standard broadcast spraying. Greeneye aims to increase productivity and profitability for farmers while addressing environmental challenges and global food production demand. The firm plans to use the new funding to scale its U.S. operations, advance the technology's analytical capabilities, and extend usage to new inputs and crops. Financially, the company announced a $20M funding raise led by Deep Insight. Greeneye Technology makes an AI-based precision spraying system that retrofits existing machines with cameras and sensors so the system recognizes weeds in real time and sprays only targeted areas. In on-farm field trials the system reduced non-residual herbicide use by an average of 86% while achieving the same weed control and yield as traditional broadcast spraying; a University of Nebraska–Lincoln ARD trial showed an 87% reduction in post-emergence use and a 94% reduction in burndown applications. Greeneye reported trial cost savings of $24.70/acre for pre-emergence and $40.50/acre for post-emergence applications. The company launched the technology in early 2022, said demand exhausted available units for 2023, and treated “tens of thousands of acres” last year. Greeneye plans to scale commercial deployments via partnerships and is targeting a U.S. launch with FBN members for the 2024 growing season, with expansion to Canada and possibly South America under consideration. The product is positioned to lower input costs, improve efficacy, and enable new crop-protection programs by making precise spraying more affordable. Greeneye develops proprietary AI-enabled precision spraying technology that uses deep machine learning to enable intelligent, real-time decisions for precise application of herbicides and other chemicals. The company announced the commercial launch of its technology in October 2021. Greeneye completed a $22M funding round to support commercialization and growth. Proceeds will fund a U.S. commercial launch in 2022 and expansion across North America in 2023, and will be used to advance analytical capabilities and extend use to new inputs and crops. Ahead of these milestones Greeneye will double its R&D team in Israel and its sales and operations team in the U.S. The company was founded in 2017 in Tel Aviv by CEO Nadav Bocher. Greeneye Technology, founded in 2017 and based in Tel Aviv, develops an artificial intelligence platform to detect and spray weeds in real time. Its selective spraying (SSP) system can integrate into any agricultural sprayer by retrofitting existing sprayers or via collaboration with sprayer manufacturers to deliver plant-level variable-rate spraying. The platform maps entire fields with cameras at plant-level resolution and enables targeted, selective applications. The company intends to use the funds to advance product research and development and to expand strategic partnerships with sprayer manufacturers and other stakeholders. Greeneye has attracted participation from both venture and industry investors. Following the round, JVP Partner Michal Drayman and Syngenta Ventures' Managing Director Shubhang Shankar joined Greeneye's board.

  • WSC Sports

    Participated · Series C · Aug 2019

    WSC Sports provides a workflow automation solution that ingests live sports content and automatically generates and distributes short-form, tailored video highlights. Its AI and machine-learning technology analyzes broadcasts in real time to identify game components and produce customized highlights for players, teams, and moments. The platform is used by leading sports media brands to increase fan engagement, strengthen loyalty, and enable marketing and promotional opportunities. Following a $100 million Series D, the company plans aggressive growth across new geographies, sports, and distribution platforms including OTT, NFTs, and sports betting. WSC intends to recruit more than 150 employees across Israel and regional offices in New York, Sydney, and London to support that expansion. The company sells to broadcasters, federations, leagues, teams, sponsors, and brands as its core customer base. WSC Sports provides a platform that generates personalized sports videos for every platform and every sports fan automatically and in real time. The platform utilizes advanced AI to analyze live sports broadcasts, identify each event in a game, create customized short-form video content, and publish to any digital destination. This enables partners to instantly generate and distribute professionally edited personalized clips at scale to engage audiences and maximize video monetization opportunities. The company is currently used by leading media rights owners such as WarnerMedia, the NBA, MLS, US Open, PGA Tour, Bundesliga and others. WSC intends to use the new capital to expand growth across new sports, products and geographic regions. The business has doubled its customer base and revenue year over year for the last three years, grown to more than 100 employees worldwide, and expanded its global footprint with offices in New York and Sydney. WSC Sports Technologies' platform scans live sports broadcasts, identifies each game "event," and automatically generates short-form video highlights that can be distributed through apps and social media. The system produces shareable clips in real time for broadcasters and rights-holders to boost fan engagement. The company counts major clients including the NBA, which signed a multi-year deal in December. Founded in 2008, WSC has positioned itself in the automated sports-video segment alongside competitors such as Grabyo and against prior market moves like Twitter’s acquisition of SnappyTV. Following the latest financing, the company said it will use proceeds to significantly accelerate growth and international expansion. CEO Daniel Shichman noted the financing will help further accelerate growth and strengthen WSC's market position.

Team