For Unic-Tech, a small slice of the pie is still a billion-dollar play
The fund only operates in the unicorn space, but the market holds a trillion-dollar opportunity
“I think that first of all, we see a huge inflow with a lot of opportunities, and they keep coming.” he continued. “This is what's interesting - they keep coming. New companies, new sectors, and new opportunities amaze me every other week. I think it has great potential.”Unic-Tech is currently trading on the Tel Aviv Stock Exchange and raising NIS 26.5 million (approximately $8.15 million). Its management includes Shuki Cohen Sharet, who is the founder and Chairman of Together; Vice-Chairman Chaim Schiff, who is the Co-Founder and Co-CEO of The Elephant; and the CEO, Avi Geffen. Unic-Tech is fairly agnostic in its approach to which companies it looks at for the selling and purchasing of shares. While diversifying the portfolio of its nine companies, it does so because it cannot predict future industries that might be a success in 5, 6, or 10 years. Even though only one of its portfolio companies is Israeli, it doesn’t mean Unic-Tech is neglecting the Startup Nation and some of the crazy money that’s been pumped into it. “The success of Israeli companies, and it’s a huge success, I think it’s attractive for investors abroad looking into Israeli companies, Israeli environments, and trying to identify the new potential unicorns,” Geffen said. “It’s not new that Israel is attractive to technology investors from all over the world. I think it will continue, (it’s) no bubble.” What about the skeptics of the power of the Israeli tech scene? “I don’t think it’s a bubble and for most of the companies, there is a good reason for the value that they get. I think for the last five years they’ve been concerned, but the proof is in the pudding,” he concluded.