Venture Capital Firm aMoon Aims to Raise $500 Million or More For a Second Fund
Established in 2016, aMoon invests in life sciences and healthcare companies, with a focus on Israeli tech
For daily updates, subscribe to our newsletter by clicking here.Mr. Nacht, the firm’s chairman, established aMoon in 2016 together with the fund's managing partner Yair Schindel, a physician by education and the former CEO of Israel’s National Digital Bureau.
Three companies have already secured funding from the new fund.Clinical-stage Ayala Pharmaceuticals Inc., established in November 2017, develops targeted therapies for genetically-defined cancers. aMoon's decision to invest in a company that focuses on a more niche field was "born of the belief that owning a larger stake of a smaller, less competitive market is more attractive than capturing a small share of a large, highly-competitive market," the fund stated. Biolojic Design Ltd., founded in 2009, develops fully human antibody-based therapeutics for cancer and other diseases. The company uses a computer-guided design process to engineer custom antibodies that can bind to problematic or previously un-bindable targets.
CartiHeal Inc., founded in 2009, is a medical device company developing a biocompatible, off-the-shelf implant for damaged joints. Currently in clinical trials, the company has stated its implant has shown an ability to promote regeneration of cartilage and subchondral bone, which is the layer of bone just below the cartilage.aMoon has also set up aMoon Velocity, a fund open only to aMoon II investors that focuses on early stage, disruptive technologies. The fund currently lists one portfolio company, Karius Inc. Established in 2014, Karius develops blood-based early detection technology for infectious diseases. In 2017 karius raised $50 million in Series A funding from the likes of Tencent Holdings Ltd. and California-based venture capital firms Lightspeed Ventures Partners.