Investments

Common Atlantic trying to develop Israel investments

Unique

The large American fund, which has $53 billion in property below administration, is trying to find a senior government to move an Israel workplace targeted on figuring out promising early-stage tech startups

Sophie Shulman 10:3331.10.21

One other mega-fund is scaling up its operations in Israel, with Calcalist studying that Common Atlantic is within the means of opening an workplace in Israel. In accordance with data that reached Calcalist, the huge VC, which has $53 billion in property below administration, intends to open an workplace that may make use of six folks focused with figuring out promising early-stage Israeli tech firms to spend money on. Common Atlantic is actively trying to find a senior government to steer its operations in Israel and is in search of workplaces in Tel Aviv. Common Atlantic refused to touch upon the report.

 

Common Atlantic is a number one world development fairness agency offering capital and strategic assist for development firms. Established in 1980, Common Atlantic has greater than 175 funding professionals primarily based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, Jakarta, London, Mexico Metropolis, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, and Singapore. The agency has invested in over 400 firms primarily in 5 sectors: Expertise, Client, Finance, Well being, and Life Sciences. Like many different VCs, over current years it has elevated its give attention to startups, investing over the previous 12 months in an increasing number of early-stage firms because it appears to extend its return on funding.

General Atlantic CEO Bill Ford. Photo: Bloomberg Common Atlantic CEO Invoice Ford. Photograph: Bloomberg

 

Common Atlantic has already invested $600 million in Israeli firms over the previous two years. It led a $165 million funding spherical in Riskified in November 2019 which was held at a $1 billion firm valuation. Riskified went public three months in the past and at present has a market cap of $3 billion. Common Atlantic additionally led a $210 million funding spherical in AppsFlyer in January 2020 at a valuation of $1.6 billion. AppsFlyer’s valuation has since crossed $2 billion.

 

Common Atlantic considerably elevated its exercise in Israel this 12 months, main 4 funding rounds. The 2 investments in Zoomin and Atera have been comparatively small, whereas its newest funding was in Hibob, which earned unicorn standing after elevating $150 million earlier this month.

 


 

Sources near Common Atlantic famous that the fund needs to be extra lively in early-stage investments in Israel and is prepared to chop comparatively small checks of $25-$50 million and never simply take part in mega offers of $100 million. The agency’s companions which are at present lively in Israel are Anton Levy, Co-President, Managing Director and International Head of Common Atlantic’s Expertise sector, and Alex Crisses, Managing Director, International Head of New Funding Sourcing and Co-Head of Rising Progress.

Related posts

Funding in GCC healthcare digital infrastructure is reaching $1.2BN

admin

Evaluation: How 2021 turned the yr of ESG investing

admin

TikTok proprietor ByteDance cuts funding staff amid China crackdown

admin