Russia's Titanium Investments has unveiled its $50 million fund for investing in Israeli startups. Close to half the sum has already been invested. Titanium said that it has been investing under the radar for a few months now, and is now publicly announcing the scope of its investments for the first time.
In its early stages Titanium was focused on investments in Russia, but has since expanded its scope, investing mainly in Israeli startups since November 2014. The company is now looking to invest in additional companies as well as to increase its existing investments in its portfolio companies.
Titanium’s portfolio companies are valued at over $350 million, and Titanium Investments holds stakes from 3% to 17% in each company. Titanium not only supports its portfolio companies with the initial investment, but also continues to increases support in those companies over time, taking part in each and every funding round of performing portfolio companies, from seed to exit.
The company focuses on financial support while also offering guidance on management and growth. Titanium offers startups more than just an investment. With extensive technological, managerial and strategic experience in various industries, Titanium’s leaders are able to offer a bird’s eye view on the current business landscape.
Titanium Investments CEO Alexander Ayvazov said,“We see Titanium as an partner in addition to being an investor. We try to be very involved in the business process. We have board members in many of our portfolio companies, and are very involved in all of them. Not many funds play such an active role. Titanium is a chemical element that brings completely new features to regular metals, making it possible for new materials to be crafted. That’s how we work at Titanium Investments, seeking out companies we can have a positive impact on, helping them make it to the next level. More than merely investing, we aim to help startups grow into full-blown successful companies."
Titanium Investments’ current Israeli portfolio includes algo-commerce startup Feedvisor, mobile 3D developer Mantis Vision, list app company Any.do, clud optimization company Cloudyn, and sports scores app 365Scores. Titanium has also had one Israeli exit with multimedia album developer Moment.me, which raised $3 million according to IVC, sold to Wix for $10 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 16, 2016
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