Remagine breaks silence on $25m fund raised during the war
Only announced after return of all the hostages, the wartime raise emerges amid a wider rebound in Israeli venture activity
Remagine Ventures, the early-stage Israeli venture capital firm, has announced a $25 million second fund that was quietly raised and deployed during the war, only being made public now the last hostages have returned home.
Backed by strategic investors and senior tech leaders across North America, Europe and Asia, the fund was completed at the height of the conflict but deliberately kept under wraps.
“We felt it was only right to hold the announcement while we awaited the safe return of the hostages,” said Eze Vidra, co-founder and managing partner at Remagine Ventures. “Taking a page from our own successful startups, we also chose to operate in ‘stealth mode’ for a period, focusing all our energy on actively deploying the fund and making our first 12 investments.”
The fund, Remagine Ventures II, has already made 12 investments in the past two years. These include AI infrastructure startup Troup AI, gaming analytics agent Keewano.com, and Bridge, which automates post-sales workflows. The companies have gone on to attract follow-on investment from leading VCs and strategic investors including A16Z, General Catalyst, and Insight Partners.
“From day one, we studied where people spend their time and money online,” said Vidra. “That lens took us into Generative AI early, back in 2019 with our investment in HourOne. With AI accelerating and hyperscalers investing heavily in the underlying infrastructure, we’re broadening our focus to the digital economy: how people work, play, and live on software, data, and networks.”
Vidra launched Remagine Ventures together with Kevin Baxpehler in 2018 as an early-stage VC firm that backs Israeli founders building companies in AI infrastructure, agents, media and lifestyle. Remagine Ventures II, broadens the firm’s original focus on media, entertainment, gaming and commerce to cover the entire digital economy – economic activity driven by software, data, and networks.
Kevin Baxpehler, Remagine co-founder, said: “New rails are being laid—data centres, chips, and model platforms that mirror the early internet build‑out. That wave creates opportunities for startups to optimise infrastructure, deploy agents that remove manual work and launch the next generation of category‑defining applications. Israeli founders are poised to excel given their deep technical talent, global mindset, and speed of execution.”
The latest IVC–GNY–KPMG investor report shows a sharp rebound in Israeli VC activity, with eight additional funds raising $1.37 billion during September and October — a dramatic turnaround after four years of slowdown. The surge suggests Remagine may not be the only firm that raised and deployed capital quietly during the war, with some funds only now coming to light.
Remagine’s second fund centres on three areas: AI infrastructure – making AI reliable, governable, and cost-efficient – AI agents, and applications that deliver measurable business and consumer outcomes.