Sweetwood Ventures, the Luxembourg incorporated venture capital arm of Sweetwood Capital, closed its first venture capital Fund of Funds, at $70m.
The vehicle is backed by several institutional, family office and high-net-worth investors, located predominantly in Europe, including a top-tier private Belgian bank and family offices in Belgium and Luxembourg.
Led by Manuel Sussholz, Managing Partner, Amit Kurz, Partner, and Cohen Solal, Managing Partner, the fund provides investors with access to promising Israeli technology startups, through a combination of primary and secondary investments in top-tier Israel-focused venture capital funds and direct co-investments into promising technology startups.
According to IVC, an Israeli tech research company, in 2019, local startups raised $8.2 billion, while exits accounted for $21.7 billion. During Q1 2020, Israeli startups raised a record $2.7 billion, despite the slowdown which occurred in March.
Sweetwood Ventures acts as the venture capital arm of Sweetwood Capital, an Israel-based financial firm founded in 2011.
FinSMEs
23/04/2020