iangels Secures $55M for First Institutional Fund

iAngels Launches First Institutional Fund with $55.5 Million

iAngels, a private investment platform established by Mor Assia and Shelly Hod Moyal, has announced the final closing of its inaugural institutional fund.

The fund successfully secured $55.5 million in commitments. A significant portion, $25 million, was provided as an anchor investment by the European Investment Fund.

Expanding Assets Under Management

This new fund increases iAngels’ total assets under management to $300 million.

A Unique Investment Model

Previously, iAngels operated through a distinctive model. The platform enabled accredited investors, both within Israel and internationally, to participate in private funding rounds of promising Israeli startups.

Crucially, iAngels undertook comprehensive due diligence on each startup, managed all legal aspects, and initially funded the deals before offering them on the platform.

This process mirrors that of a traditional institutional fund, but iAngels’ ability to distribute these opportunities to angel investors provides a competitive advantage.

Facilitating Follow-on Investments

This structure also empowers iAngels to negotiate on behalf of its angel investors, creating opportunities for follow-on investments.

Securing additional funding can be challenging for individual angels when a portfolio company experiences substantial growth.

To date, iAngels has invested in 22 startups that have achieved profitable exits, including recent successes with Arbe, eToro, Applitools, and Simplex.

Continued Operational Approach

The launch of the institutional fund will not significantly alter iAngels’ core operations.

The firm will continue to identify promising deals, conduct thorough due diligence, and provide initial funding.

However, angels on the iAngels platform will now have the opportunity to co-invest in these rounds.

Fund Allocation and Investment Focus

Approximately two-thirds of the $55.5 million fund (a number considered auspicious in Israel) is allocated for follow-on investments.

The remaining capital will be used to lead early-stage funding rounds in innovative Israeli technology companies.

Prioritizing Impactful Technologies

iAngels demonstrates a strong preference for double-bottom-line companies.

The firm is particularly focused on startups developing solutions in climate tech, health tech, and food technologies.