raises $ for startup

iAngels, an angel investment that enables accredited investors globally to co-invest with prominent angel investors in Israeli , has raised $15 million from European, Asian and U.S. financial institutions, for a fund targeting investments in early-stage Israeli . The fund will focus on companies in the areas of fintech, enterprise software, intelligence, cities, cyber 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 $,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 , 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

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