According to Reuters, European well-known investment bank Benson Oak said on Sunday that they have launched a fund specifically for the Israeli blockchain industry and promised to invest $25 million. In addition, the fund revealed that they also plan to raise a total of $100 million in funding.
It is reported that the newly established fund company is named Benson Oak Ventures, who will support Israeli startups and focus on the blockchain technology.
Since the establishment of the first technology fund in 2003, Benson Oak has achieved a lot of impressive results in the investment field. For example, Benson Oak has invested in Internet security company AVG, and when the company went public on the New York Stock Exchange, it helped them achieve a 100-fold return on investment.
Currently, Benson Oak has established three investment funds focused on the high-tech industry in the United States, the Czech Republic and Israel. The newly established Benson Oak Ventures fund investors come from all over the world, including private and family investment institutions, as well as strategic investment companies.