Bank Hapoalim to launch new investment track for startups
The bank’s Innovation and Strategy department has already invested in three local startups: Perception Point, Kyron, and Lightico
Meir Orbach | 13:40 25.04.2021
Bank Hapoalim over recent months has invested in three different Israeli startups as part of the Israel Innovation Authority's (IIA) amendment 43 under which the state provides a return of up to 40% of the original investment in case of losses incurred, Calcalist has learned. The investments are being implemented via the bank’s Innovation and Strategy department led by Avivit Bender, who serves as the Chief Corporate Development and Fintech Officer at the bank. The first investment made by the department was in cybersecurity startup Perception Point to the tune of $2 million. Perception Point offers fast interception of any content-based attack across all collaboration channels, including email, cloud storage, CRM apps, and messaging platforms.