Czech firm will invest millions into Israeli blockchain startups

    2018/07/09 13:36 Sarah lv Created with Sketch.

Czech-based investment banking company, Benson Oak, plans to invest nearly $100 million into Israel-based startups. According to the Jerusalem Post, a local Israeli news source, reports that Benson Oaks plans to focus their investment attention on blockchain based startups.


Currently, Benson Oak does not hold the full $100 million it plans to invest but has raised $25 million and is expecting to acquire the remaining $75 million.

According to the Jerusalem Post, Benson Oak managing partner Robert Cohen has formed Benson Oak Ventures, a supplementary firm set to concentrate only on the Israeli market. The company proclaims that they see an influx of potential in Israel.

Cohen states to the Jerusalem Post, “I believe that there are great entrepreneurs in Israel who are leading the platforms of the future, with creating [sic] and disruptive use of blockchain technologies,” he continues, “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.”

Blockchain-based companies have received a glowing response from the Israeli government, as seen in reports from earlier this year.

    Adapted from: CoinTime Executive editor: Sarah
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