TAU Ventures, the investment fund of Tel Aviv University, raised a second fund of $50m for investments in startups, with the opportunity to grow the fund to $70m.
All investors from the previous fund have reinvested in the current fund, led by Chartered Group, which brings together many entities from the Japanese industry, plus new investors, including Family Offices in the US, Canada and Europe.
The fund invests in early financing stages, often investing the first money in the company or after angel investment, a stage where there is a shortage in the industry. The vehicle intends to invest in 15 to 25 companies founded by Israeli entrepreneurs, with investment amounts up to $1 million per venture as a first investment.
TAU’s first fund of $20M began in 2018 and made 18 investments including: SWIMM, Xtend, Gaviti, MyAir, Castor, Medorion and more.
The firm was established in 2018 by Managing Partner, Nimrod Cohen, together with Tel Aviv University. Nimrod previously led first investments in companies such as HOUSEPARTY, Coralogix, WSC SPORTS, BRINGG & YOTPO.