iAngels Ventures has announced the close of its first institutional fund at €47 million. In a multi-year vetting process, the fund is cornerstoned by a €21 million investment from the EIF, a direct benefit of the European Commission's research and innovation programme Horizon 2020. iAngels counts a global network of over 20,000 members and has over €250 million in assets under management.
Founded in 2014 by Shelly Hod Moyal, Mor Assia, and David Assia, iAngels has seen 22 exits, including Arbe Robotics, eToro, Applitools, and Simplex. As a result of a landmark year for the tech industry, the firm is expecting to return more capital to investors this year than it has raised since inception.
Chairman David Assia comments, “iAngels Ventures is invested, and will continue to invest, in industries ripe for disruption and growth, where the potential for both impact and returns are high. Whereas previously the adoption of technology took years, if not decades, we are now seeing rapid adoption of technologies, a sign we see as the world readily accepting a tech-dominated future.”
In addition to the EIF cornerstone investment, 20 of iAngels’ portfolio company founders are paying it forward and participated in the raise. These founders include H2Pro, Juno, and Viber founder Talmon Marco, Zebra Medical Vision co-founder Eyal Gura, Moran Shochat Snir, Founder of Clear Genetics, and Arbe Robotics founder Kobi Marenko.