New Fund to Invest in Kosher Real Estate Startups
BuiltUp Ventures aims to raise $50 million to invest in real estate technology startups that operate according to Jewish religious laws
Meir Orbach | 17:41 10.11.2019
A new Tel Aviv and New York-based venture fund intends to invest exclusively in kosher startups. BuiltUp, founded earlier this year by Haredi businessman Eli Gross, is looking to invest in early stage real estate technology startups that operate according to Jewish religious laws. In a Thursday interview with Calcalist, Gross said that Builtup has raised $4 million so far, and intends to raise a total of $10 million by the end of the year. By the end of 2020, Gross said, the fund intends to raise a total of $50 million. To date, BuiltUp has invested in seven companies, he said. Oded Eliashiv, managing partner at BuiltUp, told Calcalist that the fund aims to invest up to $1 million in each of its portfolio companies.