iAngels, the private investment platform founded and helmed by Mor Assia and Shelly Hod Moyal, has today announced the close of its first institutional fund. The firm has raised $55.5 million, which was anchored by the European Investment Fund, which put in $25 million.
This brings iAngels’ total assets under management to $300 million.
Until now, iAngels has operated in a very unique way. The platform has allowed accredited investors all over Israel and beyond to participate in private funding rounds of some of the best startups in Israel. That said, iAngels does all of the diligence on the startups, handles legal requirements, and even writes the check before