Blockchain Investment Fund For Israeli Startups Announced By Benson Oakbr>
European investment banking firm Benson Oak has announced a special investment fund focused on Israel-based blockchain firms.
Benson Oak is an investment banking firm founded in 1991 and is based in Prague, Czech Republic. Benson Oak provides debt financing, equity raising, mergers and acquisitions, risk management, and project finance advisory. Its clients include Czech, Slovak, and regional companies and financial institutions. It has raised over $5 billion since 2003, with its first fund including support for internet security company AVG.
According to the company, the new investment fund, which will focus specifically on the Israeli market, has already secured $25 million and is expected to secure a total of $100 million. The fund will support local startups, with an emphasis on blockchain technologies.
Robert Cohen, Benson Oak managing partner, said that the company has been investing in the Israeli market for some time now, and he believes there are great Israeli entrepreneurs that are developing disruptive technologies based on blockchain.
“I moved to Israel six years ago, and with a passion to build companies, I have established Benson Oak Ventures as a new platform to provide financial and operational capital to the best entrepreneurs in Israel and around the world,” Cohen said.