The State of Israeli Pre-Seed in 2024: An Original Report by Fusion

Download the full report to discover the key statistics, macro trends, and differences between VCs and angels

Last year, we published Israel’s first-ever report on the Israeli pre-seed investments landscape. The response? A few thousand downloads and amazing feedback from the entire ecosystem. Investors and (emerging) founders finally had real numbers to work with.

So we’re back for round two and we are thrilled to share our second annual Israeli Pre-Seed Report (PDF)!

Download it right here 👇

This year’s report dives deeper into the evolving pre-seed market trends, shifting investor dynamics, and analyzing benchmarks. We analyzed data from the most active pre-seed VCs (40) and angel investors (51), including 1000+ teams we personally saw at Fusion during the past year. Here are some of the key findings:

• The average post-money valuation cap stands at $6.45M, with a median valuation cap of $6M, while round sizes typically fall between $825K and $1.5M.

• Over half of VCs now invest exclusively via post-money SAFE in the pre-seed stage.

• The path from pre-seed to seed takes longer than expected (mostly 12-18 months).

• Current pre-seed rounds are now structured with more VCs (writing smaller checks), and fewer angels (making larger bets) in 2024.

• Over two thirds of VC and angel investors expect founders to work full-time for a certain period before they invest.

• AI-related pre-seed investments are focused on the application layer and vertical AI.

If you find some of the above interesting, you should check out and read the answers, find more exclusive data and insights in the full document.

Many thanks to Fusion Associate Amit Shechter for his work compiling the data and leading the charge on writing.

Our goal in publishing this report is to spur a better-informed conversation about pre-seed investment moving forward, and inspire others to collect and share more data in the future. In the long run, a more transparent and data-driven investment landscape is better for everyone. And of course, we hope you will enjoy reading it.

Get the report here 📥