By: Yoni Ophir, Co-Founding Partner & CEO, Firstime Credit
Introduction
Challenging global tech market sparks our creativity and professional backgrounds to create innovative financing solutions and resources for Climate Tech ventures. I am therefore proud to introduce Firstime Credit at Firstime Ventures. We launched Firstime Credit to support Climate Tech companies through these tumultuous times, where Israel and the world grapple with unique challenges and confront economic challenges. The launch of Firstime Credit is more than just a financial venture; it’s a commitment to sustain innovation in climate technology. Our approach is cautious yet determined, acknowledging the need for stability and support for ventures developing sustainable technologies.
The Role of Credit in Climate Tech
Credit financing is crucial for climate tech companies, especially for those in stages requiring heavy investment in hardware and scaling operations. With my background in credit and investing, I deeply understand the intricacies of tailoring financial solutions that are effective and attuned to the current market realities.
Navigating the “Valley of Death”
The “Valley of Death” – the transition from development to revenue generation – is a critical phase for Climate Tech startups. At Firstime Credit, we aim to provide the necessary support during this pivotal stage, offering a financial lifeline to these companies.
Our Financial Solutions
We offer a range of financial products with flexible terms, designed to meet the varied capital needs of climate tech companies. This approach considers the need for infrastructure development and the scaling of operations, while being sensitive to the economic and geopolitical climate.
Apply for Firstime Credit
Introducing Firstime Credit is a step towards supporting the climate tech industry responsibly and sustainably, especially in these complex times. We aim to enable these companies to continue their crucial work in developing technologies for a sustainable future, providing them with the financial tools and support they need to navigate these challenging times.
Want to apply for credit? Apply here
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Yoni Ophir is Co-Founding Partner & CEO of Firstime Credit. His professional experience includes roles as Executive Vice President, Head of Credit and Board Member at Altshuler Shaham, a leading $50B Israeli asset manager, Executive Vice President with Kushner Companies and Hedge Fund Manager Yoni also served as VP Investments at Origo Debt Fund, an Investment Banker at Raymond James (NYSE: RJF) in NYC, and an M&A Lawyer at Paul Weiss in NYC. Yoni has an LL.M. in law and Executive M.B.A. from NYU, and an LL.B. in law and B.A. in economics from Tel- Aviv University. Yoni is admitted to practice law in both Israel and New York State Bars.
