Benson Oak Raises $100 million to Fund Blockchain Startups
BTC Wires: In recent news from Prague, Czech Republic, Benson Oak, an investment bank based in the capital has announced its plans of raising $100 million in funds so that it can launch an investment that will be solely dedicated to the Israeli market. This local publication in the Jerusalem post yesterday talked about the focus of the giant Benson Oak on establishing several blockchain ventures and its alternatives in Israel.
According to the statement issued by Robert Cohen, the Managing Partner of Benson Oak, “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 for building 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.”
The reports are that Benson Oak has already succeeded in raising a sum of $25 million out of the decided amount of $100 million in funds. Benson Oak got quite a name for themselves in the arena of investment firms over the span of the last 15 odd years. They have carved their own names in the industry, and the capital generated by them primarily comes from private investments, strategic companies, and family offices from all over the world without any partnerships done with institutional investors.
The fundraising will mainly concentrate on Israeli startups who are just starting out and are at the initial or seeding stages of their business development plan. The funds have been established as three separate investments in the hi-tech industries of Czech Republic, the United States of America and Israel. Therefore, it seems like a golden period for the blockchain technology users and investors and a new era for the startups in Israel!