TLDR:
- Mor Assia and Shelly Hod Moyal raise $70 million for second iAngels fund
- Fund will invest in early-stage startups with investments ranging between $2-4 million for Seed rounds
Venture capital firm iAngels, co-founded by Mor Assia and Shelly Hod Moyal, has successfully raised $70 million for its second fund, iAngels Ventures 2. The fundraising efforts began before the recent war outbreak and mainly garnered investments from foreign investors. The fund will focus on investing in early-stage startups, providing funding ranging from $2-4 million for Seed rounds.
The first fund established by Assia and Hod Moyal has already seen success, with portfolio companies like Oddity, which went public last year on Wall Street at a valuation of $2 billion. iAngels also mentioned that their portfolio companies have continued to attract funding, with seven companies securing $64 million from external investors between November and January.
iAngels emphasized that the timing to invest in Israeli tech is opportune, as many investors are facing liquidity issues, growth funds are moving away from investing in early rounds, and foreign investors are adopting a cautious approach. The new fund is expected to be one of Israel’s best vintage, with entrepreneurs demonstrating high resilience amid challenges.
Originally operating as a high-tech investment platform for qualified investors, iAngels has transformed into a venture capital fund over the years. Previous investments include Arbe, a company focusing on autonomous vehicle systems, and eToro, a fintech company founded by Ronen and Yoni Assia. Yoni is the partner of Mor Assia.
