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Czech Investor Puts $100M Into Israeli Blockchain Startups

Czech investment banking firm Benson Oak has launched Benson Oak Ventures and will be investing in Israeli blockchain startups. So far, it has raised USD 25 million but is expected to raise and invest USD 100 million.

Benson Oak has raised USD 5 billion worldwide and has always had a strong focus on technology startups. Benson Oak believes that blockchain technology is the future. Its website says, “The emerging Web 3.0 landscape, undergirded by blockchain infrastructure, is engendering a new wave of disruption and will unleash the platforms and brands of the future. We seek to invest in these platforms and brands of the future, supporting products and marketplaces that have stickiness built in and can scale rapidly with digital marketing efforts without operational growth bottlenecks.”

The website further states that Benson Oak Ventures will use its experience to develop a strong brand and market it, while connecting blockchain and decentralized products with consumers.

Managing Partner Robert Cohen says, “I believe that there are great entrepreneurs in Israel who are leading the platforms of the future, with creating and disruptive use of blockchain technologies. I moved to Israel six years ago, and with a passion to build companies, I have established Benson Oak Ventures as a new platform to provide financial and operational capital to the best entrepreneurs in Israel and around the world.”

This news is another sign that institutional investors are jumping into the cryptocurrency markets, which could open up a tremendous amount of capital, spurring rapid blockchain technology development and a cryptocurrency rally. Recently, Galaxy Digital said it was investing hundreds of millions of dollars into blockchain startups, and Andreessen Horowitz said it was investing USD 300 million into blockchain and crypto companies.

 

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