Israel’s Latet forms venture capital advisory board to aid families of reserve soldiers
Advisory board to guide fundraising, social initiatives amid war-driven economic hardship.
In a move that merges the country’s technology and social sectors, Israeli nonprofit Latet has established a new advisory committee comprised of senior figures from the nation’s venture capital and finance ecosystem. The initiative is designed to strengthen Latet’s social programs and deepen collaboration with the tech industry, particularly amid mounting economic challenges for families of reserve soldiers.
Since the outbreak of the war on October 7, Israel has called up approximately 118,000 parents for reserve duty, according to data compiled by the Central Bureau of Statistics and the Employment Service. The toll on households has been severe: about 41% of these families lost their jobs or were forced to leave them, while roughly 34% continue to face financial hardship, compounded by business closures and rising debt.
The advisory board, which includes leading figures such as Daniel Roditi, founder of Meron Capital; David Feldman, representing the Israeli activity of U.S. fund Flint Capital; Lisa Cohen, investment director at Intel Capital; Yael Alroy, managing partner at Stardom Ventures; Nissim Boucai, executive director at J.P. Morgan; and Alexis Hoffenberg, head of Israel at Edmond de Rothschild, will support Latet in strategic planning, development of new initiatives, and building collaboration models between the social and technology sectors.
As part of its initial activity, the board has launched The Reservist Recovery Fund, a dedicated program aimed at assisting families of reservists who have been economically impacted since the war began. The fund will provide support to 1,000 families for six months, supplying food packages, hygiene and cleaning products, and flexible vouchers to meet urgent needs.
“The participation of leaders from Israel’s venture capital and finance sector reflects a growing recognition of the role the business community can play in addressing social challenges,” said Gil Darmon, founder of Latet. He added that the advisory board is spearheading a fundraising effort to expand support for reservist families and is expected to play an ongoing role in shaping Latet’s engagement with Israel’s technology ecosystem.
