The mission was announced by the SpaceILvoluntary association, shortly after the conclusion of the first Beresheet mission in April 2019. It was announced on 26 June 2019, that the mission will not target the Moon, and instead it will be to another undisclosed object.
On 25 November 2019, it was simultaneously announced that the Moon would indeed be the target of Beresheet 2, and that SpaceIL plans to send another lander to Mars.
As with the first mission, the current main source of funding for Beresheet 2 is businessman Morris Kahn.
On 16 January 2020, SpaceIL announced that they have officially started to work on Beresheet 2 as they were given the first million dollar funding for the spacecraft.
On 5 February 2020, Shimon Sarid was appointed as CEO of SpaceIL. In this role Sarid will lead the Beresheet 2 project. 
^Gough, Evan (16 April 2019). "Despite the Crash, SpaceIL is Going Back to the Moon with Beresheet 2". Universe Today.
^SpaceIL: Beresheet won't attempt moon landing, will seek another challenge. Eytan Halon and Hagay Hacohen, The Jerusalem Post. 26 June 2019.
^Israeli team will no longer send a second spacecraft to the Moon. Natt Garun, The Verge. 26 June 2019.
^Keyser, Zachary (2019-11-28). "SpaceIL heading back to space, mission to Mars on the horizon". The Jerusalem Post. Retrieved 2019-12-13.
^Jerenberg, Batya (2019-11-25). "SpaceIL reveals new moon mission set for 2022, with Mars attempt in works". World Israel News. Retrieved 2019-12-13.
^SpaceIL on Twitter: "The dream goes on! Morris Kahn just announced the launching of Beresheet 2.0" (13 April 2019).
^SpaceIL announces new CEO Shimon Sarid to lead Beresheet 2 project., Zachary Keyser, The Jerusalem Post. 5 February 2020.