Israeli Tech Leaders Launch Fund for Reserve Soldier Families

When war disrupted the lives of 118,000 Israeli parents called to reserve duty, the country's tech sector stepped up to help their families survive the financial fallout.

Israeli nonprofit Latet just announced a new advisory committee made up of senior figures from the nation's venture capital and finance world. Their mission is clear: support families struggling after losing jobs and income when parents were deployed.

The numbers tell a sobering story. About 41% of reserve soldier families lost their jobs or had to leave them since October 7. Another 34% continue facing financial hardship, dealing with business closures and mounting debt while their loved ones serve.

The advisory board brings serious firepower to the cause. Daniel Roditi from Meron Capital, David Feldman representing Flint Capital, Lisa Cohen from Intel Capital, Yael Alroy of Stardom Ventures, and executives from J.P. Morgan and Edmond de Rothschild are lending their expertise to strengthen social programs and fundraising efforts.

Their first major initiative launches immediately. The Reservist Recovery Fund will assist 1,000 families for six months, providing food packages, hygiene products, cleaning supplies, and flexible vouchers for urgent needs.

The Ripple Effect

This partnership shows how Israel's thriving tech ecosystem can channel its resources toward social impact during crisis. The advisory board isn't just writing checks but applying strategic planning skills and business networks to maximize support for struggling families.

Gil Darmon, Latet's founder, sees this as a turning point. The collaboration reflects growing recognition that business leaders can play vital roles in addressing social challenges beyond their boardrooms.

The board will continue guiding fundraising efforts and shaping how Latet engages with Israel's technology sector long term. They're building collaboration models that could transform how social and business sectors work together.

For families watching bank accounts drain while parents serve their country, this support arrives when they need it most.