Live Breaking News & Updates on Mark Chess

Stay updated with breaking news from Mark chess. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

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 investment in FinTLV, having only seven months ago invested $30 million as part of a $150 million funding round for digital insurtech Israeli startup Hippo - a round that led Hippo to a valuation of $1.5 billion. Psagot and Poalim also participated in that round, and together raised $30 million, alongside Clal. ....

Yariv Katz , Yarom Naveh , Avishai Silvershatz , Gil Arazi , Yoram Naveh , Reale Mutua , Gilbert Ohana , Sumitomo Mitsui Banking Corporation , Ayalon Insurance Company Ltd , Japanese Ms Ad Insurance Group Holdings Inc , Clal Insurance Enterprises Holdings Ltd , Unqork Inc , Mark Chess , Insurance Enterprises Holdings , Psagot Investment House , Poalim Capital Markets , Clal Insurance , Managing Partner , Hong Kong Company , Group Holdings , Italian Reale Mutua , Next Insurance , கில் அராஸி , கில்பர்ட் ஓஹானா , ஸூமிடோமொ மிட்ஸ்யூயீ வங்கி நிறுவனம் , ஜப்பானிய செல்வி விளம்பரம் காப்பீடு குழு ஹோல்டிங்ஸ் இன்க் ,