Members Encouraged to Participate
After several months of examining the funding needs of Israeli companies and getting feedback from Southeast investors, the Chamber’s Capital Funding Committee now has its mechanism in place for Israeli companies to apply for investment. According to the committee’s chairman Randall Foster (Vumii), the system selected is the web-based GUST program that is used by angel investor groups and individual investors throughout the country including several prominent groups in the Southeastern US.
The committee is targeting Israeli companies with the following profile:
- Based in Israel and looking to establish a US presence or based in the Southeast with existing Israel connection (likely R&D).
- Operational for 2+ years and not be seed investment stage.
- Raising less than $3 million ($500k to $2m=sweet spot).
- Having a product or service that is producing real revenue.
- Pursuing business in the Southeast US.
- Senior executive (s) with strong English language skills and able to travel to the US for applicable investor meetings.
- Able to clearly justify investment sought and valuation rationale.
Israeli companies meeting these criteria are invited to apply by clicking here. Applications will be reviewed by members of the Capital Funding Committee with input of AICC’s other more industry-specific committees (Medical, Cleantech, and Hi-Tech) if applicable. The committee will function as a value added facilitator and coach to the candidate companies. Any actual deal structures and investments will be made directly between the company and investors.
At the same time, the committee is growing its database of Southeast investors that includes angel investors, angel groups, family funds, VCs, corporate venture entities. Angel groups are active in many of the major cities in the region including the ATA in Atlanta, Upstate Angels in Greenville, SC, Birmingham Venture Club in Alabama, etc. Investors joining the program will be invited to view the applications of the Israeli companies, rate them, and request additional information. Thanks to committee member Sam Chafetz (Baker Donelson), the Chamber has acquired an extensive database of investor contacts in our 6-state region plus Florida. Investors wishing to join the program may do so by clicking here.
In addition to introducing companies to the investors through GUST, the committee expects to offer webinars and in-person events in key Southeast cities for the Israeli companies to present. Members are encouraged to join the committee and lend their expertise. For further information, contact Guy Tessler (firstname.lastname@example.org).