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.
The Czech-headquartered giant’s subsidiary Benson Oak Ventures will focus specifically on the Israeli market.
Having already raised $25 mln, a further $75 mln is expected, with the company expressing its belief in the potential of both Israel as a jurisdiction and local business projects.
Benson has raised over $5 bln since 2003, with its first fund including support for internet security company AVG.
As Cointelegraph reported in March, Israel’s government has adopted a hands-on stance towards blockchain-based innovation in government services and beyond.
