October 18-20 | Tucson, AZ

The Research Institution GAP Fund and Accelerator Program Summit

Tel Aviv University Fund TAU Ventures leads $ 1.5 million. investment in Israeli startup 

Get our GAP Insights Newsletter

Join Upcoming Events

October 18-20, 2023 / Tucson, AZ
The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

Tel Aviv University venture capital fund resulted in a $ 1.5 million investment round for two, Castor and Hoopo. The fund announced on Wednesday.

TAU Ventures is the first and only academically-based venture capital fund in Israel. It is similar to university-funded or affiliated funds at leading institutions in the United States such as Stanford University; the University of California, Berkeley; and Harvard University.

Castor, founded by Omer Blaier and Elad Schiller in 2017, combines artificial intelligence with three-dimensional printing for a range of hi-tech companies, enabling advanced use busy technology and cut costs. 19659002] The boot technology’s unique technology helps manufacturers automatically analyze the viability and cost-effectiveness of 3D printing in the manufacturing process.

Castor will benefit from approximately $ 400,000 in joint funding from TAU Ventures, British businessman Jeremy Coller, Techstars Accelerator and Stanley Black & Decker.

The patented Hoopo-unique Hoopo technology enables GPS-independent geolocation by providing accurate positioning for low power devices. Its primary customers include airports, harbors, harbors and motor dealers.

Hoopo will be erected by geoclists in 2016. Hoopo will receive about $ million of a group of investors including TAU Ventures, Amit Gilon, AirMap CEO Ben Marcus and Mobileye investors Zvika Fritz and Ido Grinberg.

Castor and Hoopo join three previous recipients of the TAU Ventures funding: Loola, Cyabra and Xtend. Mr. The fund operates two accelerator programs, one supported by the Japanese giant NEC and the other supported by the Israeli Security Agency.

“When we started the fund, we wanted to build a new model that integrates the identification of quality entrepreneurs. On the one hand and awarding unprecedented value for the same entrepreneurs on the other hand,” says Nimrod Cohen, managing partner at TAU ​​Ventures.

“This is done by a unique program with different organizations, access to the academic and laboratory research of Tel Aviv University and the utilization of the strong connections of the university in the global industry.”

“Today we can say that we deliver a high standard of model transaction flow. Within six months we have been introduced to hundreds of launchers and investing in five. Our investment portfolio is diverse and we believe that each of the companies in which we invested marketed will change where it works. ”

TLU undergraduate programs have created 640 entrepreneurs and 531 companies that have totaled $ 7.91 billion in venture capital funding since 2006, according to a study published by PitchBook earlier this month has. It places the eighth worldwide in the production of successful and serial graduate entrepreneurs.

Haifa’s Technion-Israel Institute of Technology was ranked 14th worldwide, with 468 entrepreneurs and 395 companies worth $ 7.2 billion. Hebrew University of Jerusalem, has been chosen 35th worldwide worldwide, with 304 entrepreneurs and 268 companies worth $ 4.31 billion.


Source: Tel Aviv University Fund leads $ 1.5 million. investment in Israeli startup – Manchikoni

Get the Report

More GAP News