Yo and Mobli founder Moshe Hogeg launches new $102 million VC fund
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Moshe Hogeg. Photo Credit: Facebook profile photo

Among the investors are the founders of the Chinese Tencent Holding Group, which is valued at $170 billion, the social network Renren and Kazakh businessman Kenges Rakishev

Moshe Hogeg, managing partner and founder of Singulariteam Ltd., announced today that the Singulariteam investment group is creating a new, second fund of $102 million.

The second fund, which is being launched today, will focus on early-stage investments in startups in the areas of mobile, finance, robotics, Internet of Things and innovation in the traditional Internet industry.

Among the investors are the founders of the Chinese Tencent Holding Group, which is valued at $170 billion, the social network Renren and Kazakh businessman Kenges Rakishev.

The first fund, which invested in 12 companies, was focused on companies in the fields of  space, robotics, augmented reality, Internet and mobile, and has completed its investments.

“The second fund has been launched in light of the first fund’s success,” Moshe Hogeg said in a statement.

“The first fund had a portfolio of 12 companies in a rich variety of fields. Many of them have already raised impressive sums, received  a lot of press coverage and are in the advanced stages of becoming leaders in their field.”

The first fund’s portfolio included companies like InfinityAR, Stox, Mobli, Intelagent, Beyond Verbal, General Robotics, Sirin, StoreDot, Effective Space, Sprylogics, Meta and Yo.

“We’re looking for companies that dream big and will significantly change the world,” Hogeg said.

“We’re seeking companies full of promise with excellent concepts and excellent people. We want to help these companies get what they need – investment, professional support, guidance and every possible synergy with our other companies – so they can focus on creating significant value, producing with all their hearts and succeeding on a grand scale.

“We’re not just a venture capital firm that invests in companies,” he said, “we’re also entrepreneurs and as such, we don’t just invest, we create ideas and companies.”

Asia may replace United States as Israel’s largest trading partner soon

Asia may soon become Israel’s largest trading partner, beating out the United States’ longstanding hold. Israeli exports to China have more than tripled since 2009, and Chinese firms have started investing in both Israeli venture capital firms and tech companies. Carmel Venture Funds raised a $194 million fund with the assistance of Baidu, Qihoo360, and Ping-An in October, and two months later, Baidu invested $3 million in video capture firm Pixellot, its first Israeli startup investment. Last week, Alibaba invested in its first Israeli tech company, investing approximately $5 million in QR code startup Visualead.

Laura Rosbrow contributed reporting.  

Featured Image Credit: Facebook

 

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Simona Weinglass

About Simona Weinglass


I’m an old-school journalist who recently decided to pivot into high-tech. I work in high-tech marketing as well as print and broadcast media covering politics, business culture and everything in between.

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  • john

    moshe hogeg is a swindler, con man, liar, cheat, scoundrel, charlatan, quack, fraud, liar.
    stay away from anything he offer!