StartUp Nation Ventures Announces Launch of $25,000,000 Fund to Scale and Support Its Israel-Florida Innovation Alliance
StartUp Nation Ventures, with Merging Traffic, is taking the Israel-Florida Innovation Alliance to its next phase by announcing the $25,000,000 StartUp Nation Ventures Fund LLLP focused on innovative Israeli technology positioned for expansion into the United States and Latin American markets.
ORLANDO, Fla., February 28, 2019 (Newswire.com) - StartUp Nation Ventures ("SUNV") and Merging Traffic, Inc. (“Merging Traffic”), announce the launch of the $25,000,000 StartUp Nation Ventures Fund LLLP (“SUNV Fund”). The fund focuses on the most disruptive and promising Israeli technology startups ready for expansion into the United States and Latin American Markets.
The StartUp Nation Ventures Fund is established to scale the unique partnership between StartUp Nation Ventures, LLC and the Israel Innovation Authority (“IIA”), which established the Israel-Florida Innovation Alliance ("Innovation Alliance").
“We realized it’s time to grow and scale the unique opportunity in the joint collaboration between SUNV and the IIA. It’s a platform to support Israeli companies’ growth and expansion in choosing Florida as their entry point into the United States and Latin America," comments Dr. Max W. Hooper, CEO, Merging Traffic, who will serve as the GP of the FUND.
The fund will focus on investment in Israeli technology startups aligned with Florida’s High-Technology clusters like Cyber Security, Tourism, Blockchain, Medical Technologies (MedTech), Financial Technologies (FinTech), Smart Cities, eSports, and Gaming. Identified companies will have proven feasibility of their technologies (TRL above 6) and have a minimal viable product or working prototype.
SUNV will work with the IIA to vet and select the best candidate companies for investment by the FUND. Investors will enjoy a unique approach which provides double due diligence process done by IIA and SUNV Fund along with a non-dilutive grant. StartUp Nation Ventures offers a High-Touch Capital Investments (TM) platform, a unique hands-on methodology that allows companies to focus on the critical path for scaling their businesses in the United States. Under the Israel- Florida Innovation Alliance – the Israel Innovation Authority may approve a grant of up to 50% to Israeli companies that are selected by and receive investment from the StartUp Nation Ventures Fund to support costs related to go to market R&D, pilot and market validation for companies expanding their solutions into the U.S. and Latin America markets.
"The partnership with the Israel Innovation Authority will foster greater collaboration and synergies between Florida's burgeoning innovation ecosystem and Israeli innovative companies by aligning these companies to grow and integrate across Florida's High Technology Clusters," says StartUp Nation Ventures founder and CEO, Vicki Rabenou, MD. "The SUNV Fund will provide investors with unique access to a diverse portfolio of Hi-Tech Israeli companies backed by Israeli Innovation grants."
Studies have shown that Israeli companies have the potential for significant impact on a market's economic benefit, jobs, and GDP. Additional reports demonstrate there are thousands of promising early-stage ventures in Israel searching for new markets in the U.S. and Latin America.
The fund intends to provide necessary capital support to entrepreneurs and help drive innovation forward in both Israel and Florida.
StartUp Nation Ventures LLC
StartUp Nation Ventures is a Florida-based, private equity investment platform that supports qualified early-stage startups from seed to exit or sustainable growth. StartUp Nation Ventures aligns its High Touch Capital Investments(TM) program with research & development grants from the Israel Innovation Authority (IIA), supporting Israeli companies in their expansion into the U.S. and Latin American markets. StartUp Nation Ventures is a portfolio company of Merging Traffic, Inc.
About Merging Traffic, Inc.
Merging Traffic is a Private Equity Firm that is a Global Capital Formation Engine (TM). The company takes the best of multiple business models to create a low cost, fast moving, and agile combination to operate a virtual private equity firm. Merging Traffic’s business model combines the disciplines of Management Consulting, Private Equity, and Corporate Finance while working in Public/Private global ecosystems.
Phone: (561) 346-1096
This is not an offer to buy or sell securities.
Source: StartUp Nation Ventures
Categories: Financial News