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The Venture Codex

Israel Growth Partners

3 Arik Einstain st. Building B, 9TH floor, Herzliya, 4659071, Israel

Overview

Israel Growth Partners (IGP) is a technology growth fund established with a mission to provide growth capital to Israel-related technology companies. With over $600 million in AUM, IGP seeks to partner with exceptional companies and management teams who are eager to accelerate their growth and reach category leadership in their respective markets. For more information on IGP, please visit www.igpcapital.com

Total investments
18
Lead investments
14
Investments · 12mo
0
Active investors
4

Sector focus

  • Finance
  • Financial Services
  • Venture Capital
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Investment portfolio

  • D-Fend Solutions

    Led · Equity · Dec 2024

    D-Fend Solutions develops and deploys EnforceAir, an RF cyber‑takeover counter‑drone system that safely neutralizes rogue drones without jamming or kinetic force, enabling controlled landings and operational continuity. The company emphasizes non‑kinetic, non‑jamming techniques to avoid collateral damage and communication disruption. EnforceAir is deployed across military, homeland security, law enforcement, airports, prisons, major events, critical infrastructure and other demanding use cases. D-Fend highlights thousands of successful real‑world deployments and a global installed base spanning nearly 30 countries, including Five Eyes, G7 and major NATO member states. The company reports strong operating performance with continuous year‑over‑year revenue growth of over 60%. D-Fend plans to use new capital to solidify technological leadership, expand into new territories and sectors, integrate with more partners and technologies, and address evolving drone risks while building a stronger global presence. D-Fend Solutions, founded in 2017 and based in Ra’anana, Israel, builds counter-drone technology centered on its EnforceAir product. EnforceAir is an advanced, autonomous counter‑UAS that passively detects, locates and identifies rogue drones and can take control of them to land them safely in a predefined zone. The company positions itself as a market leader in challenging scenarios and says it has secured some of the sector’s largest, most demanding customers. To further support that position and to expand the business globally, D-Fend announced a $28M financing. The company said the funds will help advance deployment and growth of its EnforceAir solution. Claridge Israel’s investment included a board appointment of Rami Hadar.

  • DOT Compliance

    Led · Series B · Apr 2024

    Dot Compliance provides a ready-to-use, AI-enabled quality management system built on the Salesforce.com platform. Its suite includes an extensive set of off-the-shelf QMS and compliance pre-configured practice processes, enabling customers to deploy quickly and cost effectively. The solutions are used by life sciences companies both large and small and are fully compliant with 21 CFR part 11, EU-Annex 11 and support ISO 9001, 13485, 14791 and 27001. Led by founder and CEO Doron Sitbon, the company says it is transforming into a data company and aims to create a new category of AI-driven compliance. It plans to use the new funding to accelerate its AI software solutions, drive continued product innovation and customer acquisition, and meet escalating market demand. The Series B extension increased the company’s total raised to $50M. Dot Compliance provides a Quality Management System built on the Salesforce.com platform, offering an off-the-shelf suite of pre-configured QMS and compliance best-practice processes that customers can deploy quickly and cost-effectively. Its Dot Compliance Suite supports regulatory and quality standards including full compliance with 21 CFR part 11 and EU‑Annex 11 and support for ISO 9001, 13485, 14791 and 27001. The company’s solutions are used by life sciences companies worldwide and serve more than 200,000 users. Dot Compliance intends to use the new funds to drive business expansion and further develop its quality and compliance solutions for pharmaceutical and medical device companies. The company was founded in 2015 by Doron Sitbon and operates from Phoenix, AZ and Rehovot, Israel.

  • Novidea

    Participated · Series C · Apr 2024

    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.

  • SafeBreach

    Led · Series D · Nov 2021

    SafeBreach provides a patented continuous security validation platform that automatically and safely executes thousands of attack methods to validate network, endpoint, cloud, container and email security controls against its Hacker’s Playbook. The platform is used to simulate attacks broken down by methods, tactics and threat actors to assess security posture. SafeBreach protects nearly 100 enterprise customers, all within the Fortune 1000, including the top five largest financial, healthcare and pharmaceutical companies involved in COVID-19 vaccine and remediation efforts. Led by co-founder and CEO Guy Bejerano, the company is positioned as a leader in the BAS market. SafeBreach says it will use the new funding to accelerate geographic expansion and to evolve its product offerings. The company has now raised more than $106 million in total funding. SafeBreach offers a patented breach-and-attack simulation (BAS) platform that executes thousands of breach methods to validate network, endpoint, cloud and email security controls using a Hacker’s Playbook™ of research and real-world data. The platform gives a near real-time “hacker’s view” of an enterprise’s security posture to proactively predict attacks and improve SOC analyst response capabilities. Customers include dozens of multi-billion-dollar organizations across financial services, healthcare, manufacturing, telecommunications and retail. The company is led by co-founder and CEO Guy Bejerano and is based in Sunnyvale, California. SafeBreach plans to use new funding to accelerate product development, expand sales channels and partnerships globally, and add a suite of new services. SafeBreach offers a Breach and Attack Simulation platform that automatically executes thousands of breach methods from a growing Hacker’s Playbook to predict attacks, validate security controls and improve SOC analyst response. The platform provides a “hacker’s view” of an enterprise’s security posture to proactively identify weaknesses. Led by CEO and co-founder Guy Bejerano, the company emphasizes research and real-world investigative data in its simulation library. SafeBreach intends to use newly raised funds to continue expanding operations. The article reports a strategic funding round of $15M, indicating recent capital support to fuel growth. SafeBreach is a Sunnyvale, CA-based provider of a continuous security validation platform. Its platform provides a “hacker’s view” of an enterprise’s security posture to proactively predict attacks, validate security controls and improve SOC analyst response. The solution automatically executes breach methods using an extensive Hacker’s Playbook™ of research and real-world investigative data. Customers include financial, high-tech and retail companies deploying the platform to test the efficacy of security controls, validate compliance and identify outbound exfiltration routes. The company closed a $15M Series A in July 2016 and intends to use the funds to expand research and development as well as sales and marketing headcount. SafeBreach is led by CEO Guy Bejerano, CTO Itzik Kotler and VP of Security Research Amit Klein.

  • DealHub.io

    Led · Series B · Jun 2021

    DealHub.io develops an agentic Quote-to-Revenue platform that consolidates pricing, packaging, quoting, contracting, billing, and revenue recognition in a single system. The software replaces fragmented CPQ, subscription management, CLM, and billing point solutions with a unified backbone designed to eliminate brittle integrations and manual reconciliations. By embedding contextual intelligence, it can reason over discount policies, usage patterns, and entitlements to deliver real-time revenue insights and autonomous execution. The company positions its product as strategic infrastructure that grants continuous visibility and governance for C-suite leaders navigating hybrid monetization models. Proceeds from its recent $100 million growth round will be used to accelerate product innovation and advance the shift from workflow automation to autonomous revenue execution. No operating metrics or historical financial performance were disclosed in the announcement.

Team