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Tel Aviv University’s VC arm raises $50m to invest in startups

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Tel Aviv University’s investment arm, TAU ventures, raised $50 million in a second fund to invest in Israeli startups in their early stages, the organization said Monday.

The fund plans to invest up to $1 million in 15-25 companies founded by Israeli entrepreneurs. TAU Ventures’ previous fund of $20 million, launched in 2018, backed Israeli startups such as software tools developer Swimm and Xtend, a maker of extended reality solutions.

TAU Ventures says it uses “various university resources” to “create value for entrepreneurs.

TAU Ventures said that all the investors from the previous fund reinvested in the second fund. Both funds were led by foreign private equity company Chartered Group, with offices in Singapore, Japan, and Europe, as well as new investors in Canada and the US.

The organization said in a statement that it is specifically focused on........

© The Times of Israel

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