Millennium Food-Tech raises another NIS 52m
The latest successful offering makes Millennium the largest R&D Partnership on the TASE.
Within a few months of becoming a publicly traded company, Millennium Food-Tech (TASE: MIFT) has raised NIS 52 million in offerings from the public, making it the largest R&D Partnership on the Tel Aviv Stock Exchange (TASE). In total, the Partnership has so far raised about NIS 94 million, which it plans investing in food-tech companies. Millennium s first portfolio company SavorEat (TASE: SVRT), held its initial public offering two weeks ago, and the share has since recorded returns of tens of percentage points. Institutional investors took part in the public offering and since then Psagot Gemel has become a party at interest in the company.