Idan Ofer’s Israel Corp. to Invest Up to $500 Million in Growth Stage Companies
Israel Corp. intends to focus on companies based in Israel and Europe, investing between $70 million and $100 million in each in return for equity
Tel Aviv-listed holding company Israel Corp. Ltd. announced in a stock filing Monday its plans to invest between $350 million and $500 million in growth-stage companies in the fields of foodtech, agtech, health, and industry 4.0.
Israel Corp. intends to focus on companies based in Israel and Europe, investing between $70 million and $100 million in each in return for equity.
Referring to its chosen fields, Israel Corp. stated that by 2030, global demand for food will grow by 35%, in correlation with the growing population. As life expectancy continues to rise, the company anticipates a growing demand for at-home medical treatment and healthcare services.
Idan Ofer. Photo: Bloomberg
Controlled by Israeli billionaire Idan Ofer, Israel Corp. focuses mainly on energy and chemicals and holds significant stakes in Israel Chemicals Ltd. (ICL) and oil refining company Bazan Group.