iAngels raises $15 million for startup investments

iAngels raises $15 million for startup investments

iAngels, an angel investment platform that enables accredited investors globally to co-invest with prominent angel investors in Israeli startups, has raised $15 million from European, Asian and U.S. financial institutions, for a fund targeting investments in early-stage Israeli startups. The fund will focus on companies in the areas of fintech, enterprise software, artificial intelligence, smart cities, cyber security and IoT. The announcement takes the total capital raised by the investment company to $50 million, in the three years since it was founded by Shelly Hod Moyal and Mor Assia. In that time, the company has invested $20 million in 63 portfolio companies.

The iAngels model allows clients to choose from companies vetted by its partners, for investments of $10,000 or more. The new fund will act as a co-investor, putting between $250,000 and $1 million into early-stage portfolio startups. “The fund was formed to provide a supportive home for promising startups at the outset of their growth, to answer not just their funding needs, but to accompany them through their various stages of development, regarding strategy, growth, and future funding rounds,” Assia said. (Eliran Rubin)

This article appeared in English Haaretz – Business (TheMarker)

The article was originally published in a longer format in Hebrew in TheMarker