Fusion VC Promotes Amit Shechter to Principal
Israeli venture capital firm Fusion announced today the promotion of Amit Shechter to Principal, recognizing his rapid ascent and significant contributions to the firm’s investment strategy.
Shechter joined Fusion in late 2022 as an intern and quickly progressed through roles as Analyst and Associate before this latest promotion. Over the past three years, he has spearheaded investment processes in over 30 Israeli startups and sourced approximately 20% of Fusion’s completed investments, including companies like Quack, Newlight, and SingIt, which have collectively raised more than $50 million and now generate millions in annual revenue. This promotion signals a growing trend of VC firms recognizing and cultivating talent from within.
Prior to his work in venture capital, Shechter served in the Israeli Navy’s elite Submarine Unit (Shayetet 7) and co-founded the “28 Community,” a nonprofit network supporting veterans in the Israeli tech ecosystem. Founding Partner Yair Vardi stated, “We’re thrilled to see Amit’s continued growth within Fusion; starting as an intern, then moving to Analyst, later Associate, and now Principal.” Guy Katsovich, also a Founding Partner, added, “Amit joined us as an intern during his studies and proved that…with perseverance, hard work…it’s possible to start from scratch, learn, and truly excel.” Fusion has a strong track record, having been the first investor in companies like Innplay Labs (acquired by Playtika for $300M) and DigitalOwl (acquired for $200M in September 2025).
Shechter emphasized the importance of providing initial capital to a wider range of Israeli founders, stating, “The problem is not a lack of new Israeli startups; it’s access to initial capital for non-obvious teams and sectors.” Fusion is currently raising its second fund (Fusion II) after completing over 80 investments from its $20 million first fund and plans to provide first checks to 25-30 new startups each year, continuing its focus on pre-seed investments in the Israeli tech landscape.
