• Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Monday, September 25, 2023
Flyy News
No Result
View All Result
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle
No Result
View All Result
Flyy News
No Result
View All Result
Home Business

Eyal Ofer injects $400m into 2nd VC fund

flyynews by flyynews
September 10, 2022
in Business
0
Eyal Ofer injects $400m into 2nd VC fund
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Eyal Ofer, chairperson of Ofer International, one of the crucial controlling shareholders in Mizrahi Tefahot Financial institution and a shareholder within the Royal Caribbean Crew cruise line corporate, is making the most of falls available in the market to spend money on era firms at rather early phases. Ofer has invested $400 million of his non-public capital to arrange a 2nd fund of his undertaking capital company O.G.Tech, bringing his dedication to over $500 million. Ofer, the son of Sammy Ofer and brother of Idan, is in the second one 1% of Forbes mag’s wealthy listing, with a non-public fortune estimated at $13.6 billion.

READ ALSO

Cyberstarts closes $480m Opportunity Fund

Cosmic souvenir: NASA’s capsule delivering asteroid samples lands safely on Earth

Ofer arrange the primary fund in 2017 with capital of $100 million, giving him a primary foothold within the era international. The fund later grew to $150 million to fulfill the desire for follow-on funding in portfolio firms. The companions managing the fund are Ofer’s son David Ofer along with Ziv Kop and Roy Oron, each skilled folks from the undertaking capital trade. They’ve up to now invested in additional than 20 late-stage startups.

Prior to now, the fund has made moderately modest exits, reminiscent of in Ensilo, Indegy and MyCheck, every bought for sums within the tens of tens of millions of greenbacks, and the flotation of Arbe Robotics, but it surely holds some rapid rising firms reminiscent of worker control software corporate Connecteam, computerized video abridgement corporate WSC Sports activities, and fintech platforms LendBuzz and BlueVine. At any fee, the company recognizes that 5 exits from the primary fund have already returned greater than part the unique funding. It additionally unearths that it has 4 firms anticipated to surpass an annual income fee of $100 million in 2022.

Fund II will proceed to concentrate on early enlargement startups that experience a product and are firstly of gross sales. One of the vital causes that Ofer determined to make bigger his funding within the company used to be to permit the companions better flexibility in later degree investments with a purpose to care for its holdings. The fund goals to spend money on ten to 20 firms.

The Ofer International crew invested in era firms even ahead of O.G.Tech used to be based. It invested in pre-IPO late-stage era firms together with Fb and Uber. O.G. Tech is headquartered in Monaco with illustration in Tel Aviv via O.G. Tech Companions (Israel) and London with O.G. Tech (International).

“Generation has transform the worldwide economic system’s central worried machine,” Ofer mentioned. “Lately, in accordance with the good fortune of Fund I, we’re quadrupling our funding in O.G. Tech for Fund II. As a unmarried LP VC, O.G. Tech is dedicated to doing trade as a versatile long-term VC, with no need to concentrate on the trade of being a VC. Fund II marks the following bankruptcy in our long-term dedication to making an investment in and supporting thrilling new era firms.”

Revealed by means of Globes, Israel trade information – en.globes.co.il – on September 8, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.




Source_link

Related Posts

Cyberstarts closes $480m Opportunity Fund
Business

Cyberstarts closes $480m Opportunity Fund

September 25, 2023
Cosmic souvenir: NASA’s capsule delivering asteroid samples lands safely on Earth
Business

Cosmic souvenir: NASA’s capsule delivering asteroid samples lands safely on Earth

September 24, 2023
‘Higher education is worth it but not the loans,’ expert says
Business

‘Higher education is worth it but not the loans,’ expert says

September 24, 2023
Updater Services IPO: Updater Services IPO to open on September 25. Here are 10 things to know about the offer
Business

Updater Services IPO: Updater Services IPO to open on September 25. Here are 10 things to know about the offer

September 24, 2023
From Live Nation’s 44m concertgoers in Q3 to Sony’s $2.15bn revenues… it’s MBW’s Weekly Round-Up
Business

From BTS renewing their HYBE contracts to Deezer raising its prices again… it’s MBW’s Weekly Round-Up

September 24, 2023
Business

Daniel Křetínský sells Le Monde stake to Xavier Niel

September 23, 2023
Next Post
Alphabet’s Verily raises $1 billion as tech giants input purple sizzling healthcare sector • TechCrunch

Alphabet's Verily raises $1 billion as tech giants input purple sizzling healthcare sector • TechCrunch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Angel -Dave Curl – Official Music Video 2022

Angel -Dave Curl – Official Music Video 2022

November 17, 2022
Worker retention statistics that may marvel you

Worker retention statistics that may marvel you

September 16, 2022
Wanaka – Another Spoon Official Music Video

Wanaka – Another Spoon Official Music Video

October 15, 2022
Proud By Cytonic Rhymes – Official Music 2022

Proud By Cytonic Rhymes – Official Music 2022

November 25, 2022
Sweet Bennie Ray – Whole Lot (Official Music Video)

Sweet Bennie Ray – Whole Lot (Official Music Video)

December 22, 2022

About Us

Welcome to Flyy News The goal of Flyy News is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Follow us

Categories

  • Business
  • Entertainment
  • Fashion
  • Food
  • Gaming
  • Health
  • Lifestyle
  • Politics
  • Reviews
  • Science
  • Tech
  • Travel
  • World

Site Links

  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Recent News

  • Phone call etiquette: Rules for calling, texting and leaving voice mails
  • Zelensky’s top aide publicly insulted China, here’s why Beijing’s response has been so restrained — RT World News
  • Politics Podcast: Polling Silly Season Begins
  • The Secret of How Cells Make ‘Dark Oxygen’ Without Light

Copyright © 2022 Flyynews.com | All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Business
  • Entertainment
  • Health
  • Food
  • Politics
  • Tech
  • Science
  • Travel
  • Fashion
  • Lifestyle

Copyright © 2022 Flyynews.com | All Rights Reserved.

What Are Cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT