Tmura Fund Wraps Up 2024: High-tech companies donated over 10,000,000 ILS this year – the second-highest amount ever
Tmura Fund, which raises donations for education and youth organizations by liquidity of stocks and options from high-tech companies, has released its 2024 contribution figures. Despite all of 2024’s challenges, such as war, political instability and the decline in foreign investment in Israeli tech ecosystem, Tmura figures reveals an optimistic image about the Israeli high-tech sector: high tech companies contributions summed up to 10 million ILS this year, making this the second-highest annual amount raised since Tmura’s founded in 2002.
The leading contributors in 2024 were BioCatch, recently sold for $1.3 billion and donated over $1.3 million in 2024, including allocations to support victims of October 7th attacks. Enercon and SuperPlay , each contributed $400,000 this year, with additional contributions expected in the near future. More notable donors included Entitle, Rezonate, Seeking Alpha, and Cartiheal.
Naturally, This year most of the contributions focused on national resilience, rehabilitation, and reducing social disparities. Key beneficiaries associations were “HaGal Sheli” (My Wave), that works with teenagers that come from low socioeconomic conditions by facing the unique forces of the sea and overcoming the challenge of surfing , SAHI (Special Hessed Unit), that Working with youth from evacuated families who have been in temporary housing for over a year, “Album Shakuf” (The Transparent Album), that helping soldiers process combat experiences and the transition back to civilian life and more other important organizations addressing critical societal needs.
Additionally, over 35 new companies joined Tmura this year, contributing stock options to the fund. These companies include Legit Security, Faddom, Arato, Guardz, Verax, Utila, Pecan, OpMed, Canotera, Briya, FalkorDB, Remepy, and others.
Baruch Lipner concluded: “Tmura’s mission has always been to bridge the gap between Israel’s strong high-tech sector and less advantaged communities, focusing on education and youth initiatives. This work is crucial at all times, but especially now, as Israel faces unprecedented challenges. We are proud that even in such a difficult year, the high-tech industry continues to contribute and support Israeli society. We will continue with even greater determination in 2025, and we hope for a brighter reality for Israel. We call for more companies to join us, so together, we can further strengthen society and the youth of Israel during these challenging times.”
About Tmura
Founded in 2002 by Yadin Kaufmann, who also serves as the fund’s chairman, Tmura invites early-stage startups to donate stock options rather than cash. Once these companies are acquired or go public, the options can be exercised and monetized, enabling the fund to channel these contributions into meaningful community initiatives. This innovative model allows young companies to make significant contributions, even in their early stages. To date, Tmura has donated over 100 million ILS to educational and social activities in Israel. The fund’s leading contributors, each donating over $1 million and recognized as “Communicorns™”, include Aquarius Engines, BioCatch, M-Systems, Outbrain, Riskified, Waze, and one angel investor.
