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Elah Fund I, L.P. is a growth capital impact fund investing in exceptional Israeli companies.

Scott Shay

Scott Shay

Scott is co-founder of the Elah Fund and the Chairman of its Investment Committee. He is a co-founder and Chairman of the Board of Signature Bank (Nasdaq: SBNY), a full-service commercial bank that has grown to $60 billion in exclusively from organic growth.  Signature is consistently ranked in the top 5 best banks in America by Forbes magazine.
He has been a Partner at Ranieri Partners and its predecessor entities since 1988. He was a lead negotiator in the privatization of Bank Hapoalim and former board member. He was also a Founding Director of Super Derivatives, which was sold to ICE and was the largest foreign acquisition of Israeli financial technology company.  Scott received a BA from Northwestern University (Phi Beta Kappa) and an MBA (Distinction) from Kellogg School at Northwestern.  He is the author of two books and will soon publish his third.

Calanit Valfer 

Calanit Valfer

Calanit is co-founder and Managing Partner of the Elah Fund.   Previously, she was Partner of Nexus Israel, a strategic advisory firm for investors/owners and CEOs focused on business growth optimization through institution building, performance improvement, and market expansion with a focus on industrial/manufacturing businesses and US/Israeli collaborations. ​She was Chief of Staff for the Chairman of Bank Hapoalim, Israel's leading bank, and Senior Aide to the Head of Global Private Banking at the Bank. She was a management consultant with Greenwich Associates. She founded Nisan Young Women Leaders, an empowerment program for Jewish and Arab Israeli high-school and university students.  Calanit received her BA, MIA (Honors) and MBA from Columbia University.

Danny Goldman

Danny Goldman

Danny is Partner at the Elah Fund. Previously, he was VP Finance and CFO of the IMC Group, a Berkshire Hathaway portfolio company. Danny was involved in some of IMC’s most crucial decisions and lead its M&A activities, which included the acquisition of more than thirty companies around the globe including the 2-phase acquisition of IMC by Berkshire Hathaway. 

Danny was Chair of Stef Wertheimer’s Foundation for Education, Work and Entrepreneurship for Industry. The foundation aimed to advance Stef’s vision in the areas of education, skills, entrepreneurship, industry, community development, and culture, particularly in the Galilee and the Negev. Danny also served as a director of various companies in the Wertheimer family portfolio. 

Danny serves on the Board of Directors of the Leo Baeck school in Haifa. He holds a BA in Accounting and Economics from Haifa University and is a qualified CPA in Israel.

Asaad Joubran

Asaad Joubran

Asaad Joubran is Partner at the Elah Fund. Asaad was Global Business Development Lead at Zipline, the leading drone delivery company in the world.  Previously, Asaad founded and was CEO of Albatross Power, a company that is focused on the development of complicated energy projects in Israel, Palestinian Territories, and Jordan. Prior to Albatross, Asaad was with the Israel Corporation Group, Israel's largest holding company, where he served as the Group Corporate Secretary and the VP of the subsidiary of the Rotem Power Station, the first major independent power station in Israel. Asaad has also served as a board member in Israel Electric Company and in Inbal, the Israeli Government’s Insurance Company. He is a member of the World Economic Forum's “Breaking the Impasse” Group and on the Board of “Kav Mashve,” the leading NGO promoting employment of Arab academics in the Israeli private sector. He holds an LLB from the College of Management, LLM from Tel Aviv University, and an EMBA from Kellogg School of Management.