Innodo Ventures

Innodo Ventures was a micro-venture capital fund founded in 2012 and based in Tel Aviv, Israel, specializing in pre-seed investments. The firm was composed of seasoned entrepreneurs and executives who committed their own capital to convert ideas into companies, with expertise spanning intellectual property, technology, sales and marketing, fundraising, and management strategy. The partners had previously created, managed, and sold multimillion-dollar companies, and brought a global ecosystem of investors, partners, and advisers to each portfolio company. The fund invested in the $100,000 to $1 million range across 8 portfolio companies in fintech, cybersecurity, software, and e-commerce. The most significant outcome is BioCatch, a behavioral biometrics company for fraud detection, which achieved a $1.3 billion valuation when Permira acquired a majority stake in a leveraged buyout in 2024. Zeekit, a virtual try-on technology company, was acquired by Walmart for $9 million in 2021. Drippler, a consumer information services company, was acquired for $6.35 million. Sepaya Algo Invest, focused on algorithmic trading, also formed part of the portfolio. The fund co-invested frequently with iAngels, Yanki Margalit, Titanium Investments, UpWest Labs, and Reuven Agassi. Innodo's active investment period ran from approximately 2012 to 2014, with the last tracked investment in Drippler in May 2014. Despite its small size and short deployment window, the fund generated an outsized return through its early position in BioCatch, which became a unicorn more than a decade after the initial investment. The fund is no longer actively operating.