Benson Oak, a Prague-based investment bank, has announced it is raising $100 million to launch an investment fund dedicated to the Israeli market with a focus on blockchain startups.
According to a report from Israeli media outlet Calcalistech on Sunday, the new investment arm, called Benson Oak Ventures, has already secured $25 million and aims to reach the goal of $100 million by the end of this year.
The new venture’s capital will come from private investors and family offices, excluding institutional investors, the report said.
With a focus on seed-stage blockchain and consumer-facing startups, Benson Oak said in the report it anticipates to release the names of two portfolio companies in the coming days.
According to Benson Oak Ventures’ website, the fund will be interested in blockchain startups which can offer consumer products or create a platform that enables community growth, in an effort to boost blockchain’s use at a consumer level.
Investment firm Benson Oak Capital announced Sunday, July 8, that the company would be investing $100 million into Israel-based startups using blockchain technology. According to reports from the Jerusalem Post, Benson Oak has already raised $25 million and is planning to raise an additional $75 million.
Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9.
Lightning Ventures launched Thunder Funder, a platform allowing retail investors to fund Bitcoin and open-source startups. The Reg CF portal democratizes early-stage investing previously restricted to accredited investors.
Y Combinator (YC), the Silicon Valley incubator, has listed stablecoin finance as a category in its new and updated list of areas it would like to deploy funds in.
As the crypto market heads toward another Bitcoin halving expected to trigger a bull market, crypto founders are gearing up to start launching their startups in a more profitable climate. If you are one of these startup founders interested in crypto, Coinbase CEO Brian Armstrong has outlined 10 ideas that would lead to profitable businesses. […]
