A venture capital firm formed by IDF veterans

Omer Nagar, an Israeli venture capitalist who was involved in operations to return hostages during his recent reserve service in Gaza, was in Australia last month seeking investment from the local Jewish community in his early-stage fintech fund.

Nagar is co-founder, managing partner and CEO of The Garage, a venture capital firm investing in early-stage fintech and enterprise-tech startups.

He co-founded the firm with Eyal Redler and Shay Dan, with backing from Bank Leumi and BRM Group. The three founders served more than two decades in the IDF, bringing experience in the army’s intelligence and technology units.

Nagar completed senior command positions within Special Operations in Elite Units as well as in cybersecurity, while Dan was the head of R&D in artificial intelligence (AI).

Nagar told The AJN he served in reserves during the recent Gaza conflict and said he was involved in running operations to return the hostages.