INcapital Ventures
INcapital Ventures is a Canadian venture capital firm headquartered in Toronto, with offices in Tel Aviv and New York.
Channelling capital into the apartheid state's tech economy
INcapital's own mission statement defines the fund as investing "in early growth-stage technology companies primarily from Israel". The fund markets itself as "bridge builders to the North American market" with "access to exclusive and attractive opportunities in Israel".
Defending war crimes
On October 13, 2023, the CEO of Web Summit, Europe's largest technology conference, posted on social media criticizing Western leaders for failing to condemn Israel's war crimes in Gaza and the genocide carried out by Israeli Occupation Forces. In response, INcapital Ventures joined a coalition of Israeli venture capital firms issuing a joint statement announcing their boycott of the conference.
We, members of the Israeli high tech community, have made the decision to cancel sponsorship and will not attend the upcoming Web Summit. We cannot, in good conscience, participate in a conference whose leadership blames Israel for war crimes while Hamas terrorists committed one of the worst terror attacks in modern history,
Despite the CEO of Web Summit's statement presenting factual observations within the context of the atrocities (later confirmed by the UN) Israeli venture capitalists demanded unwavering support for their state, which was already engaged in the mass killing of civilians at the time.
Sources:
- INcapital Ventures Homepage
- Calcalist Google Withdraws from Web Summit; Israeli VCs Unite in Joint Conference Boycott
- UN OHCHR UN Commission finds war crimes and crimes against humanity in Israeli attacks
- X Paddy Cosgrave
Portfolio Companies & Investments
11
Total Investments
10
Active
0
IPO
1
Exited
1Beat
Anima
Blink
BrandTotal
Cyrebro
Iguazio
Micharity
Pente Networks
PlainID The Authorization Company
Prisma Photonics
Wellness Living