SureTech Investments

growth-negative

R&D partnership Sure-Tech sold its remaining 2% holdings in Vesttoo at a company valuation of $785 million, resulting in Vesttoo losing its unicorn status. Vesttoo had raised $80 million in funding last October at a valuation of $1 billion. The high-tech crisis and interest rate increases contributed to the decline in Vesttoos value. Sure-Tech achieved a 15-fold return on its investment. Sure-Tech is an investment partnership that focuses on fintech and insurtech companies.

growth-negative

שור-טק, an investment partnership, has announced a new dividend policy. In the event of an exit on one of its investments, the partnership will distribute dividends to investors, ranging from 15% to 40% of the profits. The partnership holds a portfolio of investments in the insurtech and fintech sectors. The new dividend policy aims to address the criticism of the partnership model, which has not been profitable for investors. שור-טק specifically has generated a negative return of 18% since its establishment in May 2021. The change in dividend policy is a response to the markets criticism of the limited profit potential for investors in partnership models. The partnerships dividend distribution and comparison between small investors and the general partner is a step towards addressing the issue, but more changes are needed for partnerships to become a viable investment option.

growth-positive

SureTech, an investment partnership focusing on fintech and insurance, has announced the appointment of Uzi Danino as its chairman. Danino, former CEO of investment firm Excellence, replaces Danny Naveh, who was elected president of the Bonds Organization. SureTech, which was listed on the Tel Aviv Stock Exchange last year, has so far invested in two insurtech companies, Vesttoo and GEOX, with investments of $2 million each.

growth-positive

Sure-Tech plans to invest between $1 million and $4 million in quality insurtech and fintech companies. They have raised NIS 26 million in their IPO on the Tel Aviv Stock Exchange. The partnership aims to make investments in startups in the fintech and insurtech sectors accessible to the investing public. The IPO was led by R.E. Underwriting and supported by Dr. Zeev Holender Law Offices and Deloitte. Sure-Tech plans to invest in Vesttoo and GEOX, two companies with proven technologies and revenue from agreements with insurance and international finance players. Among the shareholders of the general partnership is Dani Naveh, former Chairman of Clal Insurance and a former Minister of Health.

growth-positive

Sure-Tech Investments R&D Partnership, an Israeli insurtech, plans to raise up to NIS 36 million in an IPO on the Tel Aviv Stock Exchange. The partnership has already invested in two companies, Vesttoo and GEOX, which have proven technologies and revenue. Sure-Tech aims to take advantage of the technological revolution in the finance and insurance sectors in Israel. The IPO will be led by R.E. Underwriting and Advs. The partnerships CEO will be Ran Tzror, and the CFO and VP Business Development will be Doron Gedalyahu. The partnership will not charge management fees in the first year and will cut success fees from exits to 14%. The article was published on April 21, 2021.