16 January 2019 - 10 Shevat 5779 - י' שבט ה' אלפים תשע"ט
TAU sets up US$20m venture capital fund with Asian investors E-mail

Tel Aviv University (TAU), together with investors worldwide, announced in April that it is establishing an earlystage startup investment venture capital fund called TAU Ventures. Sources close to Tel Aviv University estimate that the fund will total US$20 million.

This is the first time that a venture capital fund is being established by a university in Israel. It is based on similar funds at US universities such as MIT, Berkeley and Stanford.

The fund’s offices are located in the Miles S. Nadal Home for Technological Innovation and Entrepreneurship at Ramat Aviv, which was recently renovated and will include working spaces for the entrepreneurs that the TAU Ventures fund will invest in.

Aside from investments, the fund will operate various technological incubator programmes, together with strategic partners, in a range of technological fields. The first programme that has been running is with Japanese giant NEC, focusing on cyber security.

Investors in the fund include Singapore investment fund Chartered High Tech Fund, which brings together leading Japanese firms via the designated “Japan-Israel High Tech Fund”, and additional investors from US and Canada. The fund will operate on a seven-year cycle, with investments being made in the first four years.

Nimrod Cohen has been appointed managing partner of TAU Ventures. He previously served as a partner in Plus Ventures and led investments in companies such as YOTPO, Bringg, Ciamgine, WSC Sports (which was sold to Snapchat) and many more.

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