The Garage News
6 articles
growth-positive
"Whoever is an entrepreneur in their spirit might use this opportunity to start something new" | CTech
Eyal Redler, Managing Partner at The Garage, a Bank Leumi-backed VC firm, spoke at Calcalist’s Mind the Tech conference in New York about the impact of war on entrepreneurship. Redler believes that the large number of returning reservists will lead to a boom in new ventures as people reassess their life goals. He stated that many of their deals come from alumni of the security forces, intelligence, who were returning to the army. He hopes that this will contribute to the number of new startups that they will see.
Partners
Valley National Bancorp Invests $25 Million in an Early-Stage Fintech-Oriented Israeli VC
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BRM Group to invest $30 million in Leumi's Garage fund
Bank Leumi has announced that the BRM Group will be joining as an anchor investor in “The Garage”, a fund that invests in startups in the fields of fintech, cybersecurity, data, and AI. The investment amount is estimated to be around $30 million. The Garages partners are also planning to invest between $110-120 million, with the fund aiming to raise a total of $160 million. The Garage was established by Omer Nagar, Eyal Redler, and Shai Dan, who are veterans of elite intelligence and technology military units. The funds strategic plan is to establish and invest in about 15 startups over five years.
InvestmentPartners
growth-positive
Leumi Partners setting up new tech fund with IDF vets
Leumi Partners, the investment arm of Bank Leumi, is partnering with tech entrepreneurs to establish a new fund called The Garage. The fund will focus on investing in startups in the fintech, cybersecurity, data, and AI sectors. The size of the fund is expected to be at least $110 million and will include strategic partners from Israel and abroad. The Garage plans to invest in 15 startups over five years, providing support and opportunities for entrepreneurs. Leumi Partners will hold a 20% stake in The Garage.
InvestmentPartners
growth-positive
לאומי ישקיע 110-140 מיליון דולר במיזם להשקעות בהייטק
Bank Leumi, through its real estate investment arm Leumi Partners, will invest in a tech startup initiative called The Garage. The bank will hold a 20% stake in the project, along with other partners from Israel and abroad. The initial investment by Leumi is expected to be between $110 million and $140 million. The strategic plan is to establish and invest in 15 startups in the next five years. The Garage will provide startups with a natural environment to work in, along with regulatory, financial, managerial, and technological services. The initiative aims to promote financial and technological assistance to these companies and upgrade the banks capabilities through technology.
Partners
growth-positive
לאומי מקים קרן שתשקיע בפינטק, סייבר וביג דאטה - בשיתוף יזמי היי-טק
בנק לאומי מקים קרן חדשה בשם הגראג במטרה להקים וללוות חברות סטארט-אפ בתחומים כמו פינטק, סייבר, בינה מלאכותית וביג דאטה. לאומי פרטנרס תשקיע בקרן כ-25 מיליון דולר. הקרן מתכננת גיוס ראשוני של 140-110 מיליון דולר.
Investment
