FabFitFun Co-Founder Launches $150 Million Deep Tech Fund

Over the past few years deep tech investing has taken on a new shine, as companies such as Waymo, SpaceX and Anduril turn technical breakthroughs in research-heavy fields like autonomous driving, rockets and defense tech into commercial businesses. Now one emerging investment fund wants to back new deep tech startups with a twist: The startups’ founders are likely to either be in Israel or have roots there while they operate in the U.S. 

Michael Broukhim, the co-founder of shopping club FabFitFun, has teamed up with Lior Prosor, a founding partner at Israel’s Hanaco Ventures, to start a new investment firm focused on backing deep tech startups with Israel connections. The firm, Deep33 Ventures, is in the process of raising a $150 million fund focused on early startups in quantum computing, AI infrastructure, advanced energy and autonomous systems.