Will Blockchain Boom in Israel’s Version of Silicon Valley? $100m Investment Fund Created

2018-7-11 15:54

Benson Oak, an investment bank from the Czech Republic, has created a new Israel-dedicated fund. The firm said, on Sunday, July 8, that it had secured $25 million out of the $100 million total investment.

The new fund will be called Benson Oak Ventures. It will support startups in Israel, especially those in the blockchain sector. The firm is banking upon Israel’s own version of Silicon Valley, Tel Aviv, where several technology-based startups are based.

Crafting Inroads Into Blockchain Technology

Benson Oak has previously invested in internet companies. In 2003, it launched its first technology fund, investing in AVG, which is an internet security company. The company went public and listed on the New York Stock Exchange, bringing 100x return for Benson Oak.

It, now, has three funds investing in high-end technologies in the United States, Czech Republic, and Israel. The new Israeli fund could bring investments from strategic companions, family offices as well as private individuals around the globe.

Could Blockchain Technology Be Benson’s New Gold Mine?

The firm’s managing partner Robert Cohen said that they have some experience in the Israeli market. He said:

“I believe that there are great entrepreneurs in Israel who are leading the platforms of the future, with creating and disruptive use of blockchain technologies. I moved to Israel six years ago, and with a passion to build companies, I have established Benson Oak Ventures as a new platform to provide financial and operational capital to the best entrepreneurs in Israel and around the world.”

Israel, on the other hand, has been supportive of the technology. In fact, Israel Diamond Exchange, one of the three largest such exchanges in the world, announced its own cryptocurrency earlier this year.

Known as Carat, the cryptocurrency is expected to revolutionize the diamond market in the country that largely runs on cash. Minimal documentation is another problem in the industry that was pointed out by the Justice Ministry of Israel.

In December last year, news about a state-sponsored cryptocurrency shocked the world. Some news outlets reported that the country’s regulators have been working on a digital Shekel for months.

Will Blockchain Boom in Israel’s Version of Silicon Valley? $100m Investment Fund Created was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Intelligent Investment Chain (IIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -79.71 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0023305 (-100%)

blockchain investment fund israel created new oak

Источник: blokt.com

blockchain investment → Результатов: 126


Cannabis to the Rescue as Grandshores Tech Turns from Blockchain investment to Cannabis

Cannabis is becoming the new green as more and more investors pour into the market. Grand shores technology, a blockchain investment company is the newest investor in the cannabis market. The company had announced its plans to cultivate cannabis in conjunction with a local partner in Heilongjiang earlier in March. It may seem that the […]

2019-5-4 02:19


Investment Banks challenged by blockchain upstarts

This combination of available financial data and new possibilities for blockchain-driven efficiencies have made the climate ripe for the disruption of traditional investment banks. “Accenture has estimated that some major investment banks could make a whopping $10 billion in efficiency savings by utilizing blockchain technology,” explains Thomas Levene, founder of Best Blockchain Solutions Consultancy. Thus,

2018-7-31 21:53


Фото:

In profile — The Top 10 VC firms investing in blockchain

According to Crypto Fund Research, these are the 10 most important and influential venture capital companies investing in blockchain and cryptocurrency companies — ranked according to four key criteria: value of total blockchain investments, total number of blockchain investments, length of blockchain investment experience, and level of investment activity in the last 12 months

2018-7-8 18:01


Payiza ICO

Payiza is a cryptocurrency exchange and functions as a safe and efficient trading platform for various cryptocurrencies. Our vision with Payiza is to implement the latest advancements in Blockchain technology and lucid software tools to offer a superior user experience backed by an additional layer of security, thus making transactions easier and faster.

2018-7-2 17:20


Blockchain CEO Sees Institutional Cryptocurrency Space as Immature

Peter Smith, CEO of Blockchain, recently went on Bloomberg to give his opinion on the current state of institutional investment in the cryptocurrency industry. Will Blockchain Principal Strategies Fill a Growing Need with Institutional Investors? After the recent launch of Blockchain Principal Strategies (BPS), Peter Smith, the CEO of Blockchain, went on Bloomberg to give.

2018-6-30 01:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Nibiru Chain reveals $15 million grant for developers

Nibiru Chain invests over $15M in developer grants to support its smart contract platform's growth and ecosystem expansion. The post Nibiru Chain reveals $15 million grant for developers appeared first on Crypto Briefing.