Investor Update - October 8th 2023

Dear AnD Ventures Investors,

We hope this message finds you well.

We wanted to provide you with an update on the current situation in Israel and how AnD Ventures is navigating through these challenging times.

As you may be aware, Israel is currently facing difficult circumstances, a state of war, and the mobilization of our troops.

These are indeed trying times for our nation. Still, AnD Ventures remains fully operational, committed to maintaining business continuity on all fronts, and dedicated to supporting our troops and our startup founders within our portfolio.

First and foremost, our top priorities are the safety and well-being of our team and founders. We have implemented remote work protocols to ensure the safety of our staff while continuing to provide uninterrupted support to our portfolio companies. Our team is available to address any concerns or assist our founders, many of whom have been directly affected by recent developments, as many were drafted.

Our commitment to our portfolio companies remains unwavering. We understand the unique challenges that our startup founders are facing, and we are working closely with them to provide the necessary support, guidance, and flexibility to help them navigate through these difficult times. Rest assured that we are here to assist them in any way we can.

While the situation is complex and uncertain, we believe in the resilience and strength of Israel and its people. We are committed to weathering this storm together and emerging even stronger. We will monitor the situation closely and update you on any relevant developments.

Given the circumstances, we are also taking proactive steps to support our troops and community. AnD Give AnD Ventures' philanthropic arm is actively contributing to the well-being of our servicemen and women and support organizations during this challenging period.

Thank you for your trust and support as investors in AnD Ventures. Your confidence in us is greatly appreciated, and we remain dedicated to delivering on our mission to support innovation and entrepreneurship in Israel.

If you have any questions or concerns, please do not hesitate to contact us.

Stay safe and take care.

Warm regards,

Lee, Roy, Ariel

AnD Ventures