Benson Oak Sets Up Dedicated Investment Fund for Israeli Market
The European banking firm will focus on blockchain and consumer-facing companies
For daily updates, subscribe to our newsletter by clicking here.Benson Oak’s capital comes from private investors, strategic companies, and family offices, and the firm does not partner with institutional investors. The new fund will target seed-stage companies and is expected to announce two portfolio companies in the upcoming days.
Benson Oak’s first tech fund, set up in 2003, invested $10 million overall, including in Anti-virus software maker AVG Technologies NV, which listed on the New York Stock Exchange at a company valuation of around $1 billion before being bought by Avast Software in 2016. The firm’s third fund, established in 2012, invested in three Israeli companies: instant video creation startup Slidely, collaborative study platform Spitball, and business lending marketplace Lending Express.