TEL AVIV, Nov 10 (Reuters) – Index Ventures has appointed a local partner to help significantly boost its already sizeable investments in Israel’s technology sector, officials from the U.S. and European venture capital firm said.
Investment
Index Ventures picks Israeli partner to boost high tech investment
Index, which mainly invests in seed and so-called Series A funding rounds has named Juriaan Duizendstraal as a Partner based in Tel Aviv. In the past 26 years, Index has invested $350 million in 27 Israeli companies and firms with an Israeli founder but has not had a local presence.
“We have seen a lot of success so far and we are looking to just double down on the country and add support on the ground,” Duizendstraal said in an interview with Reuters.
Among the Israeli companies Index has invested in are Wiz, Slack, Figma, Datadog, Discord, Robinhood, Adyen, Elastic, Plaid, Roblox and Scale.
Founded in Geneva in 1996, Index is seeking to continue making investments in cybersecurity, infrastructure, development tools and financial technologies.
Duizendstraal noted that Index, which made one investment in 2022 so far, has not set targets. “Whether we find three deals or five a year, it really depends,” he said. “We want to invest more than we have done so far and just be involved in the (tech) ecosystem.”
Some 75% of Index’s initial investments are in Seed or Series A and currently it is investing from $3.1 billion in funds.
“It’s very important to be on the ground … We are chatting with founders that in many cases haven’t even left their businesses yet and are thinking about building a business. Those conversations are difficult if you are in New York or London,” said Carlos Gonzalez-Cadenas, another Index partner based in London.
Reporting by Steven Scheer;Editing by Elaine Hardcastle
Continue Reading
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
Art8 mins ago
In search of art without an argument – Financial Times
News5 hours ago
Judge tells Florida’s top doctor not to threaten TV stations over abortion-rights ads
News5 hours ago
With brain injuries a growing problem, the US military tests how to protect troops from blasts
Investment5 years ago
dynaCERT Inc. Invites You to Join Us at the Vancouver Resource Investment Conference | INN – Investing News Network
Sports5 years ago
AP source: Bears acquiring quarterback Nick Foles from Jaguars – Sportsnet.ca
Media1 year ago
12 Bizarre Things People Did Just To Make Social Media Content
-
News5 hours agoFreeland says she is ‘absolutely confident’ Liberal MPs still support Trudeau |
-
News5 hours ago
Tobacco victims hail ‘historic’ $32.5-billion deal |
-
News5 hours ago
The NDP, B.C. Conservative leaders vie for votes ahead of Saturday’s election
-
News7 hours ago
‘Hateful and mean’: LGBTQ+ advocates slam Sask. Party’s proposed change room policy
-
News7 hours ago
Fearing demolition, Montreal skateboarders rally to protect DIY skatepark from city
-
News7 hours ago
Where will B.C.’s election be won or lost? Here are five bellwether ridings to watch
-
News7 hours ago
B.C. voters face a once-unthinkable election choice, after stunning rise of Rustad
-
News7 hours ago
Voters head to the polls today in Halifax and other Nova Scotia municipalities
