Grove Ventures Named One of the Most Active VC Funds in Israel in the 2024 IVC-GNY-KPMG Investors Report

IVC, GNY, and KPMG have recognized Grove Ventures as one of the Most Active VC Funds in Israel and one of the Most Active Large Israeli VC Funds ($200M+) in the IVC-GNY-KPMG Investors Report 2024!

Investing in Innovation, Even in Challenging Times

Despite a challenging year for venture capital in Israel, the report highlights a key insight: while overall VC fundraising hit its lowest level since 2015 and “dry powder” levels declined, investments in first-time companies remained stable—even showing signs of meaningful growth.

This trend underscores the resilience of the Israeli tech ecosystem and the continued belief that bold, high-potential startups will drive the next wave of innovation. At Grove Ventures, we remain strongly committed to supporting exceptional entrepreneurs, helping them build transformative companies—especially in times when access to capital is more constrained.

Backing the Next Generation of Breakthrough Startups

Being recognized as one of Israel’s most active VC funds reinforces our dedication to early-stage investing, where we partner with deep technology startups solving critical challenges in industries like AI, cybersecurity, semiconductors, and enterprise software.

What is more, we believe that uncertain times create opportunities for the most determined and visionary founders. That’s why we continue to invest in first-time companies, groundbreaking ideas, and resilient teams—helping them scale and succeed, regardless of market conditions.

A big thank you to IVC, GNY, and KPMG for this recognition and for shedding light on the evolving landscape of Israeli venture capital!

📌 Read the full report here: 🔗 IVC-GNY-KPMG Investors Report 2024