Israeli investment network iAngels has raised $14 million. The funds raised by the company, which grants private investors exclusive access to early-stage technology companies alongside leading angels and venture funds, will drive its expansion beyond Israel. The round is led by Alex Waislitz of Thorney Investment Group.
iAngels will continue the worldwide expansion of its offering, which combines blue chip co-investing with due diligence, to private investors around the world. The company is adding services to provide multi-family and institutional investors with curated exposure to the new asset class of technology startups.
Last year, iAngels, founded by Shelly Hod Moyal and Mor Assia, raised $2.25 million led by Russian billionaire Roman Abramovich.
Assia said, “Spurred by our success in Israel, our global network of angel investors continues to grow, enjoying exclusive access to innovative startups through our unique model of trusted partnerships, data analytics, and due diligence. This funding will allow us to continue dedicating significant resources to sourcing and evaluating the most promising deals and further develop the platform experience for our investor community.”
Since launching in 2014, iAngels has arranged 40 investments, 15 of them through iAngels’ relationship with Silicon Valley accelerator, NFX Guild. As the company’s footprint expands globally, investors will be presented with a diverse selection of early-stage technology companies, many of which will only be accessible through iAngels’ platform. Investors will still receive identical terms as the top-tier angel investors, a key facet of the iAngels approach.
Thorney Investment Group managing partner Alex Waislitz said, “As an investor that evaluates everything from large-cap stocks to real estate and private equities, we’re looking to hedge our concerns about capital market volatility by investing in innovation. iAngels has consistently delivered high quality insights and deal flow to our fingertips through its inside knowledge of the Israeli tech scene, and we’re excited to tap into new regions with them and add diverse global venture capital investments to our holdings.”
Published by Globes [online], Israel business news - www.globes-online.com - on March 4, 2016
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