MizMaa Ventures is one of the better-known names in Israeli deep tech. Orca AI, Aurora Labs, Coro, CHEQ. It co-led Blast Security’s $10M seed in November 2025. Every directory that matters lists it as a San Francisco fund, usually at 225 Bush Street.

Its SEC registration tells a different story.

The registered entity is MIZMAA VENTURES LIMITED — firm number 160299, formerly Serica Partners — and the principal office on file with the Securities and Exchange Commission is in Causeway Bay, Hong Kong. There is no Form D. Startup Nation Central lists addresses on Rothschild Boulevard in Tel Aviv and Hysan Avenue in Hong Kong. Partner Isaac “Yitz” Applbaum is genuinely in San Francisco. Co-founder Catherine Leung is genuinely in Hong Kong.

So which one is it?

For our purposes it doesn’t matter what the website says. The principal office is Hong Kong, so MizMaa is not a West Coast fund, and it isn’t on this list.

This is the third instalment in a series built on one stubborn idea: in New York we found a fund with zero SEC filings being cited as proof of American residency. Out here we found a Hong Kong entity wearing a Bush Street address. The paperwork is the only thing that doesn’t lie, and almost nobody checks it.

The Screen

A fund qualified only if all four held:

1. West Coast headquarters. Principal office in California or the Pacific Northwest. An Israeli fund with a Palo Alto satellite fails. The SEC Form D business address is the arbiter wherever a filing exists.
2. One proven Israeli or Israeli-American investment, or a publicly declared Israel thesis. One deal is enough. We say which basis each fund qualifies on.
3. Active in 2024–2026.
4. Named partners.

The 26 funds already covered in The Passport Funds and its New York sequel were excluded, which removes some obvious California names — UpWest, J-Ventures and Striker among them.

Answer First: The 13

Tier 1: Israel Is in the Mandate

Six funds where Israel appears in the stated strategy — an exclusive focus, a published allocation, or a standing Tel Aviv office with an Israeli partner running it.

1. Fusion VC — Santa Monica

The purest Israel thesis on this list: Fusion invests exclusively in pre-seed startups built by Israeli entrepreneurs. Founded 2017 by Yair Vardi and Guy Katsovich, both Unit 8200. A $20M fund closed in June 2023; roughly $30M in total assets; first cheques around $150,000. We covered its Tel Aviv side in our micro VC list.

IVC, GNY and KPMG named it the most active pre-seed fund in Israel across 2022–2024. It runs bootcamps in Tel Aviv, Silicon Valley, New York and LA, and reports backing more than 130 startups.

If you are Israeli, pre-product and about to land in California, this is the most obvious door on the page.

Paperwork: 730 Arizona Avenue, Suite 206, Santa Monica, CA 90401. No Form D located for the fund vehicle — cheques likely flow through SPVs.

2. Scopus Ventures — Los Angeles

Forbes described Scopus in 2019 as “the first venture fund committed to growing Israeli startups into global companies from Los Angeles.” Six years on, that framing still has almost no competition.

Managing partners: Bahram Nour-Omid (chairman, Berkeley, formerly of Scopus Technology), Eran Gilad (Israeli, two-time CEO) and Robert Mai (ex-Lehman, UBS, Citigroup). Around $25M under management, cheques of $500K to $3M at late seed and early Series A.

It led LawPro.ai’s seed in June 2024 and followed on in August 2025. Fund III filed in April 2026 — both a US and a Cayman vehicle, which suggests the LP base has broadened.

Paperwork: 11859 Wilshire Boulevard, Suite 500, Los Angeles, CA 90025. Fund I CIK 0001707916, Fund II 0001887566, Fund III 0002127370, Cayman Fund III 0002127371.

3. NFX — San Francisco

Fund IV closed at $325M in October 2025, bringing NFX to roughly $1.5B under management. What makes it belong here is the allocation: Gigi Levy-Weiss told Times of Israel the fund will back 50 to 60 startups, “about 40 percent” of them deployed in Israel.

That is not a satellite office. That is a stated plan to put well over $100M into Israeli companies from a San Francisco base, with a Herzliya office to work it.

Recent: Q-Factor, a Tel Aviv neutral-atom quantum company, $24M seed led with TPY Capital in April 2026. Utila, founded by IDF Unit 81 veterans. Line5, an Israeli defence-tech company that raised a $20M seed in 2025 and which Levy-Weiss co-founded.

Paperwork: NFX Capital Fund IV LP, CIK 0001967779, Form D 2023-03-22, 32 Page Street, San Francisco, CA 94102. Older databases still list 156 or 140 2nd Street — both stale.

4. Blumberg Capital — San Francisco

Founded 1991 by David Blumberg. Fund V closed at $225M, oversubscribed against a $200M plan. Fund VI is raising now — a Form D went in on 21 May 2026 under a fresh CIK. Cheques run $500K to $5M, and Blumberg leads seed and Series A rather than following.

Yodfat Harel Buchris runs the Tel Aviv office as managing director, and the recent Israeli deal flow shows it: Aryon Security ($9M seed, March 2025, co-led with Viola), Anchor Browser ($6M seed, October 2025), FundGuard ($100M Series C, March 2024). The back catalogue includes Yotpo, DoubleVerify, Trulioo and IntSights.

Paperwork: CIK 0001793615, Form D/A 2021-09-17, 432 Bryant Street, San Francisco, CA 94107. Fund VI at CIK 0002030259.

A coincidence worth noting: Blumberg sits at 432 Bryant Street in San Francisco and Zeev Ventures at 555 Bryant Street in Palo Alto. Two of the most Israel-active investors on the West Coast, both on a Bryant Street.

5. Bessemer Venture Partners — San Francisco

We cut Bessemer from an earlier instalment as too big. That was the wrong call, because Bessemer isn’t a generalist that occasionally lands an Israeli deal — it runs a Tel Aviv office opened in 2007 and it has been the first venture investor in Axonius, Fiverr, Habana, HiBob, Intucell, Melio and Wix.

Adam Fisher, who runs Israel from Tel Aviv, has put the commitment in numbers: Bessemer “has historically invested 15 percent of our core BVP fund in Israeli startups.” The firm’s own Israel page claims more than $1 billion deployed there over the past decade. In 2025 it led Upwind’s $250M Series B.

$20B AUM. Fund BVP XII closed at $3.85B.

6. Cisco Investments — San Jose

More than $2B invested cumulatively, 15 active Israeli portfolio companies, and an office on Rothschild Boulevard with Daniel Karp as Israel director. Derek Idemoto runs corporate development.

The distinctive move: in 2024 Cisco backed Team8’s close of three funds totalling $500M — investing in the Israeli venture group itself, alongside Microsoft, rather than only in companies.

Tier 2: Proven Cheques, No Israel Mandate

Six that have written verifiable cheques into Israeli companies without Israel appearing in the mandate. The money is real; the commitment is opportunistic.

7. Zeev Ventures — Palo Alto

$2.5 billion. Zero employees. One man taking meetings at a café.

Oren Zeev runs what is widely described as the largest one-person venture fund in history. No office, no investment committee, no analysts. Globes puts it at “more than $2.5 billion in assets under management”; CNBC frames it the same way, across roughly 50 portfolio companies.

Born in Haifa in 1964, Technion then INSEAD, formerly of Apax Partners. He writes concentrated cheques — 20–40% early stakes — and doubles down over time rather than diversifying.

Then October 2025 happened. Navan, the travel and expense company formerly called TripActions, went public. Zeev held 18.6% going in and roughly 16% after — the second-largest shareholder behind Lightspeed’s 21.4%. Calcalist valued the stake at approximately $1 billion at the IPO price. CNBC called it his biggest win ever.

Other Israeli-connected holdings: Tipalti, Next Insurance, Firebolt, Houzz, Chegg, Justt, Sensi.ai.

He sits in Tier 2 rather than Tier 1 for a precise reason: Zeev is Israeli and backs Israeli founders constantly, but there is no fund, no mandate and no published allocation to point at. There is one man’s judgement. That is not a criticism — it is simply not a mandate.

Paperwork: CIK 0002020466, Form D filed 2024-05-03, business address 555 Bryant Street, Suite 811, Palo Alto, CA 94301. Delaware.

8. Upfront Ventures — Santa Monica

The largest LA venture firm on the list, founded 1996 as GRP Partners, with roughly $6.7B invested across its history. Mark Suster, Yves Sisteron and Kara Nortman lead. First cheques run $1M to $15M, and Upfront will put up to $40M into a single company.

Its own words: “We invest about half of our capital in the fast-growing Southern California ecosystem, with the balance across the country as well as investments in Europe, India, and Israel.”

The Israeli proof point is Nanit — the smart baby monitor built by Assaf Glazer (Technion PhD) and Tor Ivry. Upfront joined its $50M growth round on 17 December 2025 alongside JVP’s Erel Margalit. Suster sits on the board.

9. Qualcomm Ventures — San Diego

Over $2B deployed, 150+ active portfolio companies, a Tel Aviv office, and a genuinely current Israeli book: Classiq (quantum software, $30M, November 2025), Guidde ($15M Series A, February 2025), Weka ($140M Series E, May 2024). It was an early backer of Waze.

Global head: Quinn Li. Typical cheque $5M–$10M.

10. Dell Technologies Capital — Palo Alto

Worth noting the geography: Dell Inc. is headquartered in Round Rock, Texas, but its venture arm sits at 430 Cowper Street in Palo Alto. Over $1.8B deployed since 2012, and it leads rather than follows.

Yair Snir runs Israel and Europe from Herzliya. Most recent: Terra Security, the AI penetration-testing company founded by Shahar Peled and Gal Malachi — Dell backed the April 2025 seed and returned for the $30M Series A on 15 September 2025.

11. Salesforce Ventures — San Francisco

An evergreen fund with Salesforce as sole LP, 500+ portfolio companies, and a $1B AI fund currently deploying. It ran a dedicated $125M Israel fund historically and has made a dozen-plus Israeli investments.

Most recent: joining Upwind’s $250M Series B in 2025 — the Israeli cloud-security company led by Amiram Shachar. Paul Drews is managing partner.

12. M12 (Microsoft) — San Francisco

Microsoft’s venture fund, led by Michelle Gonzalez. It led a strategic investment in Zenity on 30 July 2024 — the Tel Aviv AI and low-code security company founded by Ben Kliger (Unit 8200) and Michael Bargury. Zenity went on to raise a $125M Series C in 2026.

One wrinkle worth flagging: Startup Nation Central records that M12 closed its on-the-ground Israel office in June 2023. It led the Zenity round thirteen months later. Closed office, still investing.

Tier 3: Thesis Without a Deal We Could Verify

13. Intel Capital — Santa Clara

The thinnest entry here, and we’re saying so.

Intel Capital has been one of the most prolific foreign investors in Israel for three decades, with a long-standing Tel Aviv office, and became a standalone fund in January 2025. It qualifies on a declared, office-backed thesis — not on a named 2024–2026 Israeli round, which we could not pin down.

If you’re reading this list to find a cheque, start with the twelve above it.

The Ones That Didn’t Make It

MizMaa Ventures — see the top of this page. Principal office on file: Causeway Bay, Hong Kong.

Cardumen Capital — real fund, ~$225M, 32 Israeli deals, and headquartered in Madrid with a Tel Aviv office. No US presence at all.

Hanaco Ventures — tagged as a New York fund across the databases; Wikipedia gives Herzliya. An EDGAR search returns nothing. It stopped raising new capital in June 2025. It failed our New York screen too.

TAU Ventures — Tel Aviv University-linked, around $20M, Tel Aviv HQ. LA ambitions don’t move a headquarters.

Aleph, TLV Partners, Grove Ventures, F2, Hetz, Vertex Israel — all Tel Aviv. Strong funds, wrong passports.

Founders’ Co-op — Seattle, $50M Fund VI closed November 2025. We screened it and found no Israeli portfolio company. Included here so you know the Pacific Northwest was checked rather than skipped.

How To Actually Use This

Pre-seed and Israeli? Tier 1 is your list. Fusion VC exists for precisely you, and writes first. Scopus if you want Los Angeles.

Raising a real seed or A? Blumberg and NFX both lead, both have Israeli partners on the ground, and both have closed new funds in the last twelve months — which means fresh capital and pressure to deploy it.

Deep tech, quantum, semis or security? Qualcomm, Dell and Cisco all have live Israeli books and Israel-based deal leads. These are strategic cheques with a customer attached.

Read the tiers as a warning, not a ranking. A Tier 2 fund can write you a bigger cheque than anyone in Tier 1 — Zeev alone proves that. The tier tells you how much claim Israel has on the firm’s attention when the market turns. A mandate survives a downturn; an opportunistic cheque often doesn’t.

One more warning. A Tel Aviv office proves nothing about where a fund is run from, and a California street address on a website proves even less. If it matters to your cap table — and for anything export-controlled or defence-adjacent, it does — pull the Form D yourself at sec.gov/edgar/search. It takes ninety seconds and it is the only source on this page that has no incentive to flatter anyone.

Notes on the numbers

• Zeev’s AUM is $2.5B per both Globes and CNBC. Figures of $2.7B and $3B circulate in 2025 podcasts. No filing confirms any of them.
• Blumberg’s AUM appears as $200M on at least one directory — stale, predating Fund V. The $225M Fund V close is the firmest number we have.
• NFX’s Fund IV Form D states a $450M offering amount. That is an authorised target, not the $325M actually closed. Don’t quote the filing figure as a raise.
• Scopus’s founding year is 2018 per Forbes, 2016 per Crunchbase. Its Fund I Form D was filed in August 2017, so the entity existed by then.
• Qualcomm Ventures’ founding year is 1998 per Tracxn, 2000 per Wikipedia and PitchBook.
• Bessemer is now listed in San Francisco; it was historically headquartered in Larchmont, New York. Both the “15 percent” and “$1 billion over the decade” figures come from Bessemer itself.
• Intel Capital has no confirmed named Israeli round from 2024–2026 in this research. Flagged in its own entry rather than buried here.
• Upfront’s exact Santa Monica street address was not confirmed from a primary source.
• Tier placement is a judgement call, not a fact. Cisco sits in Tier 1 on a Tel Aviv office, an Israel director and a published count of active Israeli holdings; Qualcomm and Dell have Israel offices too but no comparable published commitment. Reasonable people could move them.

Screened 30-plus. Thirteen survived. Data current to 13 August 2026. If we got something wrong, tell us and we’ll correct it in public. 💜

Previously in this series: Tel Aviv micro VCs · Israeli defense tech funds · The Passport Funds: New York