Clal Insurance invests $35 million in FinTLV's second fintech fund
FinTLV Ventures, managed by Gil Arazi, Avishai Silvershatz, Gilbert Ohana, and Mark Chess, has started a second investment fund for startups in the fintech and insurtech sectors, and is currently raising $120 million, half of which from Israeli institutions and the other half from overseas investors. Clal Insurance Enterprises Holdings Ltd. has invested $35 million in the new fund and led the round alongside Psagot Investment House and Poalim Capital Markets, who together raised $20 million, where Psagot is expected to increase its investment. In doing so, Clal is doubling down on its inve...
Source: calcalistech.com