iAngels, an Israeli equity crowdfunding platform that focuses on angel equity investment in Israeli startups in the fintech, enterprise software, AI, smart cities solutions, cyber security and “the internet of things” (IoT) industries, has raised $15 million from European, Asian and US financial institutions, reports Haaretz. The sum is dedicated for an early stage investment fund, which will serve as a co-investor and will be putting between $250 000 and $1 million into promising new startups.
“The fund was formed to provide a supportive home for promising startups at the outset of their growth, to answer not just their funding needs, but to accompany them through their various stages of development, regarding strategy, growth, and future funding rounds,” Mor Assia, co-founder of iAngels, told Haaretz.
This brings up the total capital raised by iAngels to $50 million in the three years since it was founded by Shelly Hod Moyal and Mor Assia. So far, iAngels has put $26 million into 56 startups. Among them are the social forex broker eToro, fintech companies focusing on P2P lending, small business financing, as well as in gaming, robotics, social networks, software security and consumer applications.
Recently one of the companies that got investment from iAngels – the trading platform Seed Commodities Exchange (Seed CX) that focuses on emerging agricultural markets, has been granted full registration status as a Swap Execution Facility (SEF) from the US Commodity Futures Trading Commission (CFTC).
The iAngels platform is available to accredited investors, no matter where they reside. It offers a list of handpicked promising Israeli startups and the opportunity to invest in them $10 000 or more. The companies are selected by the two co-founders who have background in finance and technology themselves. “Because of our experience, reach and reputation, we bring you deals that few outside of Israel get to see (until the deal’s been made and you’re reading about it in Forbes),” the iAngels write on their website.
Last year, the Israeli startups raised a total of $3.6 billion in funding.