The State of Israeli Pre-Seed in 2025: 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 our second annual report on the Israeli pre-seed investment landscape. The response?
Over 10,000 founders and investors downloaded and read it, and the feedback was incredible.
What started as an attempt to cut through the noise at pre-seed has quickly turned into something much bigger, a shared language for the ecosystem. So we’re back for round three, and we’re excited to share our third annual Israeli Pre-Seed Report.
This year’s report dives deep into the evolving pre-seed market trends, shifting investor dynamics, and market benchmarks. We analyzed data from 70 of the most active Israeli pre-seed angel and VC investors, including nearly 1200 teams we personally engaged with at Fusion during 2025.
Here are some of the key findings:
Valuations in 2025 were, on average, 14% higher than in 2024. The average post-money valuation cap rose to $7.25M, with a median valuation cap of $6.8M, while round sizes grew to a range of between $1.1M and $1.75M.
Nearly two-thirds (64%) of VCs now invest exclusively via post-money SAFEs at the pre-seed stage.
More than half of investors now expect a shorter timeline between pre-seed and seed rounds, as the standard has shifted to 6-12 months, down from 12-18 months in 2024.
Pre-seed rounds are increasingly led by a single VC, with a ~50% increase in solo-led rounds compared to 2024, reflecting a continued move away from co-led dynamics.
Over 80% of VCs and angel investors expect founders (particularly the CEO) to be working full-time for a certain period of time before making an investment.
VC-backed pre-seed rounds remain overwhelmingly team-driven. Despite the rise of solopreneurs, nearly 90% of VCs did not invest in solo founders as part of their core investment strategy in 2025.
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 Principal 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.
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