Tech Nation / New Canadian VC Fund to Put $25 Million Into Israeli Startups

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New Canadian VC fund to put $25 million into Israeli startups

Disruptive Tech Capital, a new Canadian venture capital fund, has raised $25 million to invest in Israeli startups. The principals behind the fund are Canadian-Israeli entrepreneur David Shafrir and American brothers David and Michael DesLauriers. The fund will put a minimum of money of $250,000 into each of five to 15 companies, using a special investment model it developed, in accordance with each firm’s needs. DTC has already begun a second round of financing. Omri Ronen, managing partner and general manager of the fund’s Israel operations in Israel, says DTC raised the money relatively quickly because of Israel’s reputation, noting the investors include non-Jews. “They see an excellent opportunity to invest in interesting things,” Ronen says. The fund said it will invest in early-stage startups through the post-seed stage in the areas of robotics, cloud computing, information security, mobile communication, media content and software. (Inbal Orpaz)

Celltick announces partnership with Deutsche Telekom

Mobile commerce developer Celltick last week announced a partnership with Deutsche Telekom, the German parent company of mobile carrier T-Mobile. A customized version Celltick’s Start launcher for Android-powered cellphones is to be rolled out across the T-Mobile ecosystem, starting with T-Mobile Poland. “We are extremely pleased and proud to have been selected as a partner of choice by Deutsche Telekom,” Celltick CEO Ronen Daniel said last Thursday. A generic version of Start has been downloaded 4 million times since it was made available in Google Play, the official “store” for Android applications, in October. Its average rating, in a scoring system of 1 to 5, is 4.5. (Amitai Ziv)

Catalyst, Everbright raise $100m for investments in Israel

Catalyst CEL Fund, a joint Israeli-Hong Kong venture, announced on Wednesday its first closing of a private equity fund focused on Israeli investment opportunities. Tel Aviv-based Catalyst Equity Management and China Everbright Limited will manage the fund, which the companies announced will “primarily target mid-to-late stage companies with proven innovation and global presence, whose growth strategy is oriented towards, or includes expansion of activities into emerging markets with a special focus on the Greater China market.” The fund will focus on the agriculture, industrials/manufacturing, health care, water, energy, technology, media and telecommunication sectors, among others. The companies stated the fund has secured approximately $100 million at the first closing and is targeting $200-$300 million for its final closing, with investors coming “from various emerging market countries.” (TheMarker)

China Everbright CEO Shuang Chen, center, during a March 2013 visit to Israel.

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