Israel attracts more investment from China with new $102 million VC fund from Singulariteam

Israel has emerged as a hotbed for tech startups, with the so-called “Startup Nation” producing a wealth of successful companies from across the technological realm. So perhaps it comes as little surprise that Israel is the continuing focus of investment from China.

Local venture capital firm Singulariteam today revealed that the founders of Chinese holdings giant Tencent and social network Renren are putting up cash for a new $102 million fund. Existing investor Kenges Rakishev is also returning for what is Singulariteam’s second fund (but its first since its name-change from Genesis Angels).

The first fund, which amounted to $100 million, was invested in 12 startups, with a particular focus on robotics, new space, augmented reality (AR), and mobile. These include Mobli, InfinityAR, Effective Space, and General Robotics, though famously simplistic messaging app Yo also received funding.


http://venturebeat.com/2015/01/28/israel-lures-more-investment-from-china-with-new-102-million-vc-fund-from-singulariteam/