Igor Ryabenkiy’s Altair Capital, together with Sarona Ventures Partners and Ibex Investors, launched TechShield in Israel to support Israeli companies in difficult times. The businessman talked about it on his social network page.
TechShield will create a series of buyback syndicates. Under this investment model, a group of investors will make investments in selected companies. This approach allows you to select projects that really need support.
Each union will include five to ten pre-selected companies. Each of them will receive an investment from one of the TechShield participants. After this, investors from all over the world will be given the opportunity to invest in these projects.
The initiative aims to help Israeli companies survive until 2025 with operating capital.
“We sincerely believe in the Israeli ecosystem and consider it our mission now to support those who need our shoulder,” wrote Igor Ryabenky.
Investors will be able to invest between $25,000 and $5 million in each syndicate and receive shares in the companies.
At the same time, to enter the syndicate, companies must conduct a seed round or Series A round. The project must also support the provision of services to at least three clients.
Companies whose activities were directly affected by the armed conflict between Israel and the Islamist movement Hamas will be able to join the union.
The worsening in the Middle East began on October 7 with the penetration of representatives of the movement into Israeli territory from the Gaza Strip and attacks on citizens. Currently, the Israeli army is carrying out operations in Gaza.
Author:
Natalia Gormaleva
Source: RB
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