Financial services group, SBI Holdings, has entered into a key partnership with Vertex Venture Capital in a bid to help foster greater investment opportunities and capital accumulation in Israel.
SBI Holdings and its subsidiaries oversee a variety of financial operations, including forex, securities and other banking services. Alternatively, Israel-based Vertex is a venture capital firm, boasting nearly $650 million in assets.
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Israel has witnessed substantiated efforts to help stimulate and culture its venture capital industry, which over the years has rivaled the US’ Silicon Valley in terms of technological prowess, skilled personnel and investment opportunities, relegated to sectors ranging from military to financial.
Under the terms of the new partnership, SBI Holdings has opted to fortify its existing networks and to procure additional channels of investment in Israel, leaning on Vertex. SBI’s initiative also looks to manifest itself in the form of new technologies in Israel through its group of subsidiaries.
In more practical terms, this includes a substantial investment by SBI Group in a fund managed by Vertex as an active liquidity provider. Furthermore, Vertex will rely and manage SBI’s investment with the strategic placement of resident officers, with the goal of developing a more robust presence in Israel.