Benson Oaks Establishes $100 Million Investment Fund for Israeli Blockchain
Jul 10, 2018, 8:58AM
European investor Benson Oaks is establishing a new, $100 million fund to support and guide Israeli blockchain startups.
European venture capitalist Benson Oaks is creating a $100 million investment fund to support blockchain startups in Israel. The new investment fund, which will be funneled through the Benson Oaks Ventures subsidiary, emphasizes a focus on building relationships with the Israeli entrepreneurs who are furthering the nation's technological front.
There are great entrepreneurs in Israel who are leading the platforms of the future, with creating and disruptive use of blockchain technologies [...] I have established Benson Oak Ventures as a new platform to provide financial and operational capital entrepreneurs in Israel and around the world. / Robert Cohen, Benson Oak Managing Partner
This funding effort extends a recent chain of venture capitalists exploring the blockchain environment. Typical VC firms have already begun diversifying their portfolios; Benson Oak Ventures serves a provider as much to the individuals in a business as it does any company name. Andreesen Horowitz committed $300 million to crypto projects and Union Square followed suit with their own investment. Traditional funding models are already changing, and blockchain may push the envelope even further.
It is too early in the process to target any particular Israeli startup for success, but the action alone from Benson Oaks is a point of note for investors and supporters in blockchain. The market continues to find more clarity, and the results could reach the farthest corners of the business environment.
Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.
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