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After spending several years working together at a top management consulting firm, Or Saaroni and Yakov Yagudayev have teamed up to co-found Surge Ventures, with the aim of acquiring and growing a single high-quality Israeli company. They are backed by a premier group of investors from both leading Israeli and global business circles, including Scipio Holding, Kviv Ventures, Tres Coronas Capital, the Ruiz family, BM Holdings, Federmann Enterprises, Lamed A.K Holdings, Target Global, AIJ Global, Mazal Capital, Till Bossert, Alexander Kirn, Nicolas Rudzki, Alfonso Blohm, Bramley Johnson, Pitlane Capital, Mordy Rapaport, Guy Solomon, Itamar Frankenthal, Louis Whitesman, Soare, David Jacq, Edgar Company, Facianof Holdings, and Iberganma Inversiones.
Or brings extensive experience in formulating growth strategies for leading public companies across multiple sectors. As a Strategy Principal at the management consulting firm TASC Consulting & Capital, he guided senior leadership through complex challenges, with a focus on long-term growth, strategic partnerships, and operational excellence. Previously, he worked closely with Israel’s State Attorney on sensitive public and legal matters, initiated and developed residential real estate projects, and served in leadership roles within the IDF Ground Forces as a Lieutenant Colonel in the reserves, managing large teams in complex scenarios. He holds an MBA from INSEAD.
Yakov brings deep expertise as a finance and transaction advisory professional. As a Principal at TASC Consulting & Capital, he specialized in M&A transactions, IPOs, and capital raising, overseeing deal flow of over NIS 10 billion and successfully raising more than NIS 12 billion in project and corporate finance funding. Previously, he served as an FP&A Manager at the Israel Electric Corporation, where he managed complex budgets exceeding NIS 1 billion annually. He also worked as a credit risk analyst for SMEs at a leading financial consultancy firm.
They are looking to acquire an SME in Israel, across all regions of the country, operating in fragmented industries with B2B models that provide mission-critical solutions to commercial clients. Ideal companies have recurring revenue streams, a diversified client base, and a proven track record of stability over several years. Target businesses should generate EBITDA above $1M with margins of at least 15%, while demonstrating consistent year-over-year growth supported by clear expansion opportunities. Additionally, they value strong and capable management teams that can ensure a smooth leadership transition.
