Russian Jewish billionaire and Chelsea FC owner Roman Abramovich has been visiting Israel this week, Channel 2 News reported. Abramovich’s visit coincides with his announcement a $2.25 million investment in Israeli start-up iAngels, through his company Millhouse Capital.
The fund cobbles small investments into large ones, directed at Israeli startups.
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The fund, iAngels, owned by Mor Assia and Shelly Hod-Moyal, has already enlisted 400 investment angels from around the world, who completed investment in 15 Israeli start-ups.
“We are very confident in the elite angels we’ve identified and their ability to spot the winners, ” said Shelly Hod Moyal, Founding Partner at iAngels. “In fact, we’ve structured our business model to take the same risk that investors take when they invest in Israeli startups through the iAngels platform.”
“With iAngels, gone are the days when the crowdfunding platform could make money without the angels themselves succeeding, ” added Mor Assia, Founding Partner at iAngels. “High-Net-Worth Individuals are choosing to co-invest with leading Israeli angels through the iAngels platform because they appreciate our unique ability to find and engage Israel’s top performing angels and analyze their investment opportunities to make sound recommendations to our angel community.”
Israel’s elite angels and Roman Abramovich’s fund, Millhouse Capital, subscribe to Assia and Hod Moyal’s rationale. Angel Investors who participated in the Seed Round led by Millhouse Capital include Marc Lasry, Boaz Weinstein, Alex Waislitz, Drew Schaefer, Gigi Levy, David Assia, Daniel Recanati, Yanki Margalit and Marcy Simon.
