Former Blumberg Capital Director Raises New Fund
Israeli-born venture capitalist Alon Lifshitz is raising a new $120 million fund, to be called Hanaco Venture Capital
Israeli-born venture capitalist Alon Lifshitz is raising a $120 million fund, to be called Hanaco Venture Capital, according to a person familiar with the matter. The fund already raised $80 million out of its $120 million goal, primarily from family offices, this person added. Mr. Lifshitz is a former managing director of San Francisco-headquartered venture capital firm Blumberg Capital, where he headed the firm’s Tel Aviv office.
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Hanaco Ventures will invest in early-stage startups operating in Israel and New York, the person said. The venture capital firm will focus on artificial intelligence technologies, cybersecurity, fintech, augmented reality, robotics, and autonomous vehicles.
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Mr. Lifshitz served as board member at marketing startup at Yotpo Ltd., at e-commerce payment startup Zooz Inc., and at content creation startup Apester Ltd. He oversaw investments in data-based credit startup Fundbox Inc., in behavioral fraud detection startup BioCatch Ltd., and in cybersecurity company Fortscale Security Ltd.
Update: this article was revised. A previous version stated the Mr. Lifshitz was a partner at Blumberg Capital.