Published On: Wed, Mar 2nd, 2016

Haim Saban to invest $100 million in Israeli startups

Saban Ventures fund to invest in mobile, social networks, e-commerce and digital media.

Haim Saban

 

American-Israeli Billionaire Haim Saban has set up a new fund, Saban Ventures, to invest $100 million in Israeli startups.

The media magnate known for the Power Rangers franchise, will build its portfolio of seed and early stage companies in mobile, social media and other media and content areas.sectors in which there is synergy with Saban’s other businesses including Israeli mobile operator

With more than 20 years of experience in communications and technology market, Barak Pridor, former CEO of the Tel Aviv-based Thomson Reuters tech subsidiary ClearForest, will manage the fund. “We are open to investment in Israeli companies or companies linked to Israel or Israelis, ” Pridor said to Haaretz. “Saban is a winning combination — a partner with deep pockets, patience and the ability to open doors and access markets.”

 

Saban, 71, is one of Israel’s richest billionaires and the US-based businessman is worth $3.5 billion, according to “Forbes.”

 

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