U.K. Fund to Enable Investments in Israeli Tech Firms

Fund specializes in cloud, Internet, mobile Internet and e-commerce early-stage firms.

Tova Cohen
Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.
Israeli high-tech workers. Rare is the Ethiopian-Israeli among them.Credit: Alon Ron
Tova Cohen

REUTERS - Taurus Asset Finance, a U.K.-based financier, is launching a fund that will enable retail investors to invest in start-up technology companies in Israel and the United Kingdom.

Wekix II is an Enterprise Investment Scheme (EIS) fund specializing in cloud, Internet, mobile Internet and e-commerce early-stage firms. EIS is a series of U.K. tax relief measures designed to encourage investments in small unquoted companies.

Shay Hasson, managing partner of Wekix II, noted that Israel is home to a large number of tech start-ups.

"Its businesses have continued international investment opportunities and we want to tap in to that," he said on Thursday, adding that London has the market, creative services and capital that Israeli high-tech companies need to grow.

In 2014, Israeli high-tech companies raised a record $3.4 billion from venture capital and private investors, led by the Internet sector, according to the Israel Venture Capital Research Center.

The minimum investment the fund will take is 5,000 pounds ($7,451) and the closing date for investment is June 30.

Click the alert icon to follow topics:

Comments

SUBSCRIBERS JOIN THE CONVERSATION FASTER

Automatic approval of subscriber comments.

$1 for the first month

Already signed up? LOG IN

Rep. Henry Cuellar attends a campaign event on Wednesday, in San Antonio, Texas.

AIPAC-backed Dem Declares Victory Against Progressive Challenger in Texas Runoff

Iranian President Ebrahim Raisi and Atomic Energy Organization of Iran chief Mohammad Eslami at an event for Nuclear Technology Day in Tehran, last month.

Prospects for Reviving Iran Nuclear Deal 'Tenuous' at Best, U.S. Envoy Says

A family grieves outside the SSGT Willie de Leon Civic Center following the mass shooting at Robb Elementary School in Uvalde, Texas on Wednesday.

Israeli PM Offers Condolences After Texas Gunman Kills 21 at Elementary School

U.S. President Joe Biden, this week.

Biden Decides to Keep Iran's Revolutionary Guards on Terror List, Says Report

ADL CEO Jonathan Greenblatt.

Progressive Jews Urge ADL Chief to Apologize for Calling Out Democratic Activist

Democratic Sen. Bernie Sanders with Jessica Cisneros in San Antonio last week.

It’s AIPAC vs. Bernie Sanders in Too-close-to-call Texas Democratic Runoff