Australian VC Pumps $14m Round into Israel-Based iAngels’ Investing Network

Alex Waislitz of the Thorney Investment Group led the B round funding as a means to invest in innovation and

A Tel Aviv based startup is getting a $14 million investment pumped into its business to help it expand beyond Israel, as the Australian Investor Alex Waislitz of the Thorney Investment Group led the B round of funding for iAngels to expand its operations globally.

The company, through its iAngels offering, launched in 2014 and has already helped curate over 40 investment opportunities, 15 of which later become accessible to its investors through the iAngels business model. To date, the company has helped deploy just over $9 million across its projects according to information on its website.

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Matching angel investors with vetted startup opportunities is what the company does. On one hand, it works with investors and on the other it screens startups and conducts due diligence.  As vetting can often be complex for private investors, iAngels helps matche investors with screened opportunities.

We are at the heart of disrupting the way investors engage the startup ecosystem.

Top investment

Alex Waislitz, managing partner of Thorney Investment Group.
Alex Waislitz, managing partner of Thorney Investment Group.

The B round comes as a vote of confidence beyond the actual funding that will help propel the business. iAngels is now backed by a TOP company, literally, as one of the businesses that Thorney Investment Group operates is Thorney Opportunities Ltd – which is listed under ticker symbol TOP on the ASX in Australia.

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TOP has major investments in at least 7 ASX listed companies. Which means that  iAngels could be a future candidate for an ASX listing, among other listing places – if going public is on its roadmap.

iAngels’ expansion momentum

In response to questions asked by Finance Magnates, iAngels founding partner Mor Assia said: “We had strong momentum as we established footprints in Australia, Canada, the US and Hong Kong. It was an opportunity to invite our partners in their respective regions to join us formally as shareholders as we continue to scale. This inflection point was a perfect time to raise the Series B round.”

Commenting the official press release, Alex Waislitz, managing partner of Thorney Investment Group, said: “As an investor that evaluates everything from large-cap stocks to real estate and private equities, we’re looking to hedge our concerns about capital market volatility by investing in innovation.”

“iAngels has consistently delivered high quality insights and deal flow to our fingertips through its inside knowledge of the Israeli tech scene, and we’re excited to tap into new regions with them and add diverse global venture capital investments to our holdings,” he added.

Shelly Hod Moyal, Co founder, iAngels
Shelly Hod Moyal, Founder, iAngels

iAngels founding partner Shelly Hod Moyal said in reply to questions: “It is an exciting time to be an investor. We are at the heart of disrupting the way investors engage the startup ecosystem. In addition to growing our angel network on a daily basis, we are focusing on our platform’s R&D as we enrich capabilities and put additional emphasis on our analytics, dashboards and unique investment experience.”

The news follows Finance Magnates coverage iAngels’ partnership with the Silicon valley accelerator NFX Guild.

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