Singulariteam launches $30m Israel late-stage fund

moshe hogeg singulariteam

Following the success of its two early-stage funds, the Tel Aviv-based firm is seeking further VC investment in proven startups.

Israeli venture capital firm Singulariteam announced Thursday the launch of a $30 million late-stage investment fund, following the success of two funds focusing on early-stage startups.

Founder and managing partner Moshe Hogeg announced the new fund and said it will be used for large scale investment in up to three tech companies that have an annual income of at least $15 million.

After two successful funds with a total sum of more than $120 million, we are now interested in testing our new investment theory also in more mature, late-stage startup companies, said Hogeg. We are now focusing on a new experimental small-scaled fund. If this fund will succeed, it will definitely pave the way for a larger fund that will be focusing in late-stage startups.

Singulariteam plans to use the new fund to provide financial support, guidance, and tools for late=stage startups that have proven their viability. If the firms third fund succeeds, it will consider raising a larger, fourth fund for late-stage startups.

Founded in 2012, the Tel Aviv-based firm has 4 offices around the world and has invested in notable startups like StoreDot, EffectiveSpace, and InfinityAR.

Published by Globes [online], Israel business news - www.globes-online.com - on October 22, 2015

Copyright of Globes Publisher Itonut (1983) Ltd. 2015

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments

 
moshe hogeg singulariteam
moshe hogeg singulariteam
Roy Goldenberg, Idan Rabi, Shiri Dover, and Tzafrir Bashan
 
 
 
 
 
 
Twitter Facebook Linkedin RSS Newsletters Israel Business Conference 2018